Indian mobility platform Rapido reported a strong financial performance for FY25, with revenue rising 44 percent to Rs 1,003 crore from Rs 648 crore in FY24, according to filings with the Registrar of Companies.
The company generated Rs 934.5 crore from operations during the year, compared to Rs 648 crore in the previous fiscal. Delivery services emerged as the largest contributor, bringing in Rs 339.7 crore and accounting for nearly 36 percent of operating revenue. Passenger services contributed Rs 276.5 crore, while subscription revenue surged to Rs 275 crore from Rs 19 crore in FY24, marking a sharp increase.
On the cost side, total expenditure rose 18 percent to Rs 1,261.3 crore in FY25, compared to Rs 1,066 crore a year earlier. Operating expenses increased by 8.7 percent to Rs 500 crore, while employee benefit costs grew 20 percent to Rs 207 crore. Advertisement and promotional spending also climbed to Rs 252 crore from Rs 213 crore in FY24.
Despite the rise in expenses, the company improved its financial position, narrowing its losses by 30 percent to Rs 258.5 crore in FY25 from Rs 371 crore in the previous year. Its unit economics also strengthened, with spending reduced to Rs 1.35 to earn every rupee, compared to Rs 1.62 in FY24.
Founded in 2015, Rapido has expanded beyond its bike-taxi roots into a broader mobility and logistics platform. The company now offers auto-rickshaw and cab services, positioning itself as a full-stack player in India’s ride-hailing market.
The platform has also diversified into travel services, enabling users to book buses, trains, flights, and hotels through its app, strengthening its role as an integrated mobility and travel ecosystem.
In March 2026, Rapido entered the food delivery segment with the launch of Ownly in Bengaluru. The zero-commission platform follows a subscription-led, restaurant-first model, eliminating commissions for restaurants while charging customers a delivery fee, directly challenging established food delivery players.
