The Ledger
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Khosrowshahi: Uber rival Rapido is highly unprofitable and far from making money
“Rapido's not making money, so the real test of the business isn't how fast you can grow if you're spending it's actually how fast you can grow while you're profitable, and I think Rapido's a long way away from that.”
Khosrowshahi: Rapido is Uber's toughest Indian competitor while Ola trails distantly
“So I see now the tougher competition in India is Rapido. You know, they're the upstart. They got into two-wheelers and three-wheelers really aggressively. Super simple model, just kind of the subscription zero commission model. Very scrappy as well. And they h…”