secretstalks
Bengaluru-based ride-hailing company Rapido is poised to achieve cash flow positivity in the next quarter, as announced by Co-founder and CEO Aravind Sanka.
In a recent interview, Sanka revealed that every category within the company is already EBITDA positive. “If we consider all costs associated with each segment—categorized by expenses—we find that every category, including corporate costs, is profitable. We’re only months away from achieving overall cash flow positivity,” he stated.
Rapido has experienced impressive growth, doubling its gross merchandise value (GMV) annually while reducing losses by over 50%. The company’s GMV has surpassed $1 billion.
Sanka mentioned that Rapido plans to file its financial statements next month. Earlier this month, the company successfully raised $200 million in a Series E funding round, reaching a post-money valuation of $1.1 billion and officially joining the unicorn club.
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