secretstalks
Bengaluru-based ride-hailing company Rapido is on track to achieve cash flow positivity by the next quarter, according to Co-founder and CEO Aravind Sanka.
In a recent interview, Sanka revealed that every segment of Rapido’s business is already generating positive EBITDA. “When we account for all the costs associated with each segment, including corporate expenses, every category is profitable. We are just a few months away from reaching overall cash flow positivity,” he explained.
Sanka also highlighted Rapido’s significant financial progress, noting that the company has doubled its gross merchandise value (GMV) annually while reducing losses by over 50%. Rapido’s GMV has now surpassed $1 billion.
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