Rapido, a bike-taxi startup has launched a new service called ‘Rapido Store’ for inter-city logistics delivery for businesses to deliver products at consumers’ doorsteps. The startup said in a statement that the service is available for both online and offline businesses and is currently functional in Bengaluru and Vijayawada with plans of expanding to new cities soon.
The new platform will allow the users to track their deliveries across all customers at a single time through the dashboard. The base price of the service starts at ₹35 for 3km in Bangalore, and ₹30 for 3km in Vijayawada currently. Rapido Store already has a user base of 200 small and medium businesses availing its services.
Rapido co-founder, Aravind Sanka, said in a statement, “Rapido Store will give businesses and entrepreneurs an opportunity to maintain continuity and also increase sales by reaching out to new customers by leveraging Rapido’s extensive network. The service will allow these businesses to overcome manpower and mobility challenges by helping them deliver their orders and save time.“
Rapido was founded in 2015 by Rishikesh S.R., Pavan Guntupalli and Sanka. The startup has raised about $75 million from investors such as Nexus, Westbridge Capital, Alibaba’s BAce Capital, Shunwei Capital and Integrated Capital till date. Rapdio currently has more than 15 lakh registered captains (riders) working in 100 cities. Its entry into the inter-city logistics space comes at a time when several delivery startups, including Dunzo, Swiggy, and Shadowfax, have been upscaling similar services since the lockdown in March.