How RAPIDO is secretly STEALING OLA and UBER's profits to break the duopoly? : Business Case study
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- Опубликовано: 7 сен 2024
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VIDEO INTRODUCTION: If you want to learn how to beat a billion-dollar company then this episode is for you. because the story that I am about to tell you is the story of one of the smartest start-ups in the country!! The story that I am about to tell you is the story of a small company called Rapido that managed to break into the powerful duopoly market of Ola and Uber. and while a dozen bike taxi companies emerged and perished, while even OLA and Uber backed down after failing in this space, Rapido today stands as a dominating force in the exact same segment. This segment that I am talking about is the Bike taxi segment and Today Rapido is doing so well, that they do 4 Lakhs rides a day, have over 60,000 active riders, and have an app download from 25 Million customers!!!
The question is,
How did Rapido manage to break into the big league of OLA and UBER?
While all other bike taxi companies failed, What was the business strategy that enabled them to crack this nonexistent market of India?
and most importantly, what are the business lessons that we need to learn from the Rapid rise of Rapido?
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INTERESTING FACT :Nowadays ola n Uber drivers first find the customers through the app and then come for pickup and then cancel the ride on their own so that they don't have to pay the commission to the company n drivers tells us to pay amount quoted on the app while booking it ... I have experienced this for almost 8 times now 😂
It happens everytime with me. They call up, asks the destination and the amount, if they are all ok with it, ask if payment with cash or not. Only then they will come to pick u up.
This has happened with me few times as well. One time the driver himself told me to cancel the ride and said cut the penalty that you got for cancelling the ride and pay me rest of the quoted amount.
Very true,happened with me multiple times .even I paid them full amount most of the times,as they are struggling alot
It happens most of the times with me while using rapido but only few times in uber and ola
This happens with rapido too.
Happened with me
I am a student and I worked as a part tym rapido captain for 2 months in Mysuru city. I'm sharing my opinions.
1.(For customers)When I was riding , two customers said that they met with an accident and insurance were never able to claim even after 2 to 3 months and the rapido were not supporting. Then the captain will be responsible for the accident and he has to face the customer. Life is more important than the money. If u want to ride ,then ride on your own risk as the company don't provide any insurance as of my experience as a captain.
2. (For the captains and future captains) The company is illigal as they don't have permission in Karnataka . The company will say that we have permission from RTO. But when I asked Officers in RTO they said that they haven't given any permission to Rapido and the bikes will be siezed if any one(Mainly auto drivers) give complaint on them and will be fined 5 to 15k and driving licence will be cancelled. Get the information before u start as a captain personally.
3. If u get caught by the auto drivers customer care is useless . Me and my colleagues got into this problems several times. My colleagues bikes were siezed as they got no support from the rapido . Some paid 5k fine and some of the bikes are still in the police station. So I don't say don't ride rapido. Ride on ur own risk.
4. The salary package is different for different cities . The salary at Mysuru was good at the beginning. But after 2 weeks the weekly incentives were of no use because u get only 1 rupee for every ride. Means as a part time captain I used to work for 5 to 6 hours a day at peak hours. I got 8 to 12 rides without cancelling any rides. That means incentive is 8 to 12 Rs for one day. My rating was 4.65 out of 5. I used Honda shine. My daily earing was 400 to 500 including incentive . U need at least 150 to 200 Rs of petrol. That means my total earnings is between 250 to 350 for a day. U can only earn 7k to max 10k ( oil change and service charge not deducted)
5. Some times there were no orders even u r at the demand area . U have to wait at least for 1 hour(one day I waited for almost 2 and half hour). This is because of compitition among rapido captains. More rapido captains are signing in as the rides are getting distributed. Some times pickup distance was more than the ride distance. This means waste of time and less profit.
6. There r too many problems. I have listed some of the main ones. Helpline is the worst. There r some technical issues in the app. Some times u won't get pickup fare and distance fare. I questioned them behalf of my colleagues about some of the problems in the meeting and they couldn't even answer some questions.
As I questioned they neglected me and manipulated other captains also. They told we have the court order and there is no problem. So I asked them to send it in the group. It will be helpful for captains to get out of situations when we r in argument with auto drivers and police. They were so irritating as they even removed me from the what's app for asking them the court order. What's the problem showing court order if they have. Many of the captains are still dng rapido as they can't find alternative jobs.
This app mostly benifits the company and the costomers. Don't take it as a main source for ur income. Do it as a secondary income job.
So customers ur life is more important than ur money. And captains, before riding just think is it worth ur hard work. It's your decision. U r working for your commitments. Ride on ur own risk. Plzz do consider guys.
Thank you
Great points 👍
Tnq😊
Hmm pretty much everything true.
I would like to share an instance of my first and last rapido ride lol...
If you wanna cut short you can straight go to second para
1️⃣That day I was with my friends on a picnic type trip. We went to lot's of places and when the day came to an end it was 7:30pm already. I was on the bus stop but the next bus was in like 30 mins. My home was like 7 kms away and I had to get there asap. I checked Ola and Uber, the prices were Rs.350-400. I already spent a lot that day so I was in a cheap mood. I looked for ola and uber auto as it was significantly cheaper but it was not available. My friend suggested me to try rapido. I hesitated quite a bit at first but I finally installed the app and booked a Rapido for the first time in my life. And was I amazed, just Rs.56 for 7 kilometeres!! There was some first ride discount coupon applied unless the cost was 76rs approx. As from the app the captain was supposed to come in a Honda or something (it was a good model). Then he called me and arrived in a worn & torn CD110 ... I was like that's fine let's just trust the process. One other thing that stuck with me was that the number plate was different from the app too so that was probably not his bike for sure. The captain was a nice guy, we had a good conversation. The way to my home had a 2km highway flyover from where I started. He started speeding to 60-65kmph to which I felt a little uncomfortable for trusting a stranger on that speed. The conversation carried throughout the whole ride and after that flyover which was 40% of the journey he started to tell me about his problems etc.. how these apps paid them so less, how his friend with a private rental car earned a lot more than him etc..
2️⃣Then he went on like "Sir, You know they pay us so less that I cannot even afford to change the brakes. The tread/grip of the tires have been worn so much that it slips when it rains and he cannot afford a tire change."
I was like Ayoo Broo u literally giving me a heartattack 🥲
In the way he even showed me how his breaks don't stop the bike even after pressing the handles.
Then we reached my home I gave him hundred rupees. Later I just thought that nothing bad happened that night for gods sake or unless 60kmph accident on that flyover would have been the end of me. I took a bet on my life for Rs.56 rupees and pledged never to do it again.
I appreciate if you gave your time to read a small page from my life 😊
~Mohit
Finally someone got the point. I was looking for this comment.
brother, you have narrated all the genuine problems, what we used to face on a daily basis one more to add, the customer book ride for long distance from far away area and left them in 1 or 2 km.
that's is very annoying and I feel helpless for waste of time and effort.
I went to Hanoi in Vietnam for Holidays , i met a business student in Hostel . He also knew Rapido and he made a project on it in his earlier semesters . East Asian counties like Thailand , Vietnam , Indonesia etc have a very good 2 wheeler taxi services trend even before Rapido existed. But it's unorganized .
Jeepneys in the Philippines are pretty cool too
South East Asians not east
East Asia is Mongolia Korea Japan and China
Mostly rentals i guess? Never been, or read about it.
Even Bangladesh has a 2 wheeler service called Pathao
Indonesia bike taxi is unorganized?! Have you heard about GO-JEK ?
I would also like to add that apart from the legal issues that were cracked by Rapido, when ola and uber did dive into bike taxi format, they didn't have much of riders (because of their entry as "cab" services) which made the waiting periods longer and thus frustrating the customers. I hope Rapido team stays on track and keep their main business model intact with all their rickshaw and delivery stuff coming up
Sadly they are spreading out into auto and delivery verticals because bike taxi is a unsustainable model. The hype would subside in a year, reason behind this final hype is their investors are themselves exiting
May be your study is limited to bangalore and not Northern part of India
@@yuribezmenov.ex-kgb yes ofc they have to diversify the business model to make it sustainable, but my point being not to make the original stuff degrade its quality
@@abhilashsvr yes tbh it kind of is, to be more precise, limited to Maharashtra state, but i would be glad to know the situation in northern India, if you'd like to share?
True
Finally a business case study. I like your geopolitical and historical videos, but I subscribed for this type of content so please keep the frequency of Business Case studies on the higher side.
Yeah j think the same frequency of both will be good
Same business case studies are the hest
I used Rapido In Pune and Delhi...
And was much more satisfied by it than Ola and Uber...
They have not cancelled a single ride on me till date...!!
Exactly, that is one reason that I really like Rapido. Despite sometimes higher prices than Ola and Uber, the reliablity and the fact that I know that I won't be cancelled is something that really helps when you are in a pinch to avoid unexpected delays.
Absolutely
They do , have had a very bad experience with rapido than ola
You as a woman, took a bike taxi, IN DELHI. Can't comprehend.
@@GaganSharma1 Don't be stereotypical.
Bro please its my sincere request .. make a video on how to do research on particular topic, source, info gathering, facts check and all . BIG FAN here!
In Bangalore rapido drivers are fined and there bikes sized. The rapido customer care does not support them
Not going to work.. Its against business ethics..
Yes
exactly my point
@Vipin Kumar they r using personal bikes, there's some rule can't use personal vehicle for public transportation I guess
I'm skeptical of Rapido's success since a successful company does not rely on legal loopholes and corporate tack-ticks.
For example, who is responsible if a consumer is injured in an accident? who is responsible for paying the seized amount?
Build a business on the foundation of "Trust" and "Transparency"
I agree with you about the responsibility bit, but many successful firms like spotify and even uber used to rely on legal loopholes
@@arjo911 I'm aware of Uber but not about loopholes used by Spotify. Can you elaborate?
In the case of Rapido, they were brazen enough to clearly violate the laws in Bangalore despite the RTO and Traffic police commissioner Mentioning bike taxis were against the existing laws. Clearly, not the signs of a trustworthy company.
If you would have used the Rapido app, you would have known that every ride is insured and insurance is covered in case of accident
Well, with the same model, "Pathao" launched in Bangladesh in 2015. Though it was a massive success, they are now suffering from losses. It happened bcz of the riders. Bcz after several years, the riders stopped using the app and started hauling passengers like rickshaws or taxis. They used to stand beside crowded places and ask people whether they wanted to go or not. I think with this model, Rapido might end up like Pathao if they don't do anything to prevent the Captains from stopping using the app and asking people to go.
Bruh
Similiar thing is done by rapido captains in tier 2 cities of India.
OLA and Uber have become a Price quoting app rather than a cab service providing app. India has its own unique way of thinking and working around things haha.. love it!
One more point I would like to add is overpricing by ola and uber during demand surge. Fare even shoots up by 100% during demand surge while it is not the case with rapido. The volatility in fare is much lesser than both other giants. Charging exorbitant fare results in consumer exiting from the market or going to competitors.
I swear
Fake point i frequently use bike service rapido is worst for customers in pricing uber ola are always better pricing atleast 10 rupees differences will be there comparing with rapido is very luxurious for me
i don't think so 90% of the times i see rapido price is atleast 10-20 rupees higher than ola or uber. again it depends on the location but still most of the times ola and uber are far cheaper than rapido
@@MR-sf2nkif we don't use raido for a long time then they will show a lower price but after taking 2-3 rides they will again start to charge high fare
Alluarjun acting and slang even in ads are just phenomenal , one of the finest performer of this generation
I hate that song oo antava
@@tooruhlateable7584 tho kya
This is a knowledge video not for prasing your actor whom you praise like God
@@harkritsingh1896 Relax boi its his opinion if ur so concerned go work in the stock market
@@harkritsingh1896 _ok God._
Absolutely Genius of them.
Such a huge company having a revolutionary idea must have required great research
Moral of story
No matter how consolidated the industry is and how strong the competitior is , if you focus on gap you can make it big
I remember, the concept of unofficial bike taxis existed in Goa long back, even before 2010. They are known as "Pilot"
A case study of Lockheed Martin Skunk Works and how they come up with incredible technological breakthroughs back to back would be awesome.
I tried rapido 3-4 times , what I learned from the drivers was that they were barely making any profit . I mean from New Delhi to Gurgaon, rapido was showing 140 rupees for 18 km of ride . Due to still think they are still making profit , keeping in mind the fact that those drivers also have to pay commission to rapido .
They are literally doing what Ride Sharing company "Pathao" has been doing in Bangladesh since 2015 and in Nepal since 2018 .. I would love to see you make a case study of this Company!!
Love your content by the way!
Love from Bangladesh 💙
my mind got so much trained with your videos that now I can slightly predict which background music is gonna come based one the topic you are sharing 😅
Haha :)
@@ThinkSchool Thanks a lot for your amazing videos bro! I was about to sleep keeping all gadgets aside, saw your video in stream so just completed watching :)
Please cover BluSmart Cabs as well. Have been using their cabs for months. Never faced any cancellations.
because its company's car not driver's
echo that, I was one of the early adopters of same when the began their service in gurugram in 2019 and loved the experience of easy booking, clean and well maintained cars and professional drivers and flat pricing model scheme they had(no cancellations and no surge pricing were cherry on the cake)
Ola and uber tweaking their app for pool sharing could dilute the ridership with rapido
@♜TelegramMe@talktothinkschool Yeh wrong number hai...
Before the pandemic Uber used to offer, pool sharing. But after the pandemic, it stopped for obvious reasons. But they could very easily restart this.
Interesting video I'm still pissed off with the VC funded start-ups without free cashflows but I like their scalability and this looks like a much better business model compared the existing model which burn up cash and has made transportation more expensive than ever.
If possible kindly make a follow up video on their finances
IMP of Video
1:18, Rapido story :- 4Lakh Rides/Day, 60000 Active Riders 25 Million App Downloads
1:59, Identify 3 gap into the Market 1. Costly Ola/Uber Ride 2. Identify 2-Wheeler Market 3. Slow and low Public Transport
6:22, Avoid Ola/Uber business strategy, Create 2nd source of income of Bike Owners
7:05, Advantage of Rapido 1. Low Risk 2. Business modal help needy people Part Time Income source like Student 3. Avoid Leverage and incentive scheme
8:38, Moter vehicle Regulation Destroy OLA Uber Bike modal but Rapido find something new and convince Authorities
12:13, Learn Business lesson from Rapido 1. Avoiding taking cash from big giant 2. Avoid cash drain strategy in India not work 3. Find different and unique market
Though not very deep as used be business case study... But great that you've uploaded a business case study after a long time. Thank you ❤️
RAPIDO beating OLA and Uber company Bike 🏍️ Taxi with less cost travel in short distance In india motorcycle market is largest in the world and India share 2nd largest motorcycle market and 50% people are college and part time job and RAPIDO bike 🏍️ Taxi they make hurdles into opportunity uses the loopholes as Many states ban bike 🏍️ Taxi and Think school 🏫 explore RAPIDO bike 🏍️ Taxi business strategy explanation presentation 👌 Research semma super Thank U Ganesh anna for exploring Bike 🏍️ Taxi market in India
My roomate atleast goes for two rides after a software job because he loves riding bikes and talks with passengers just for relief 🙌🙌🙌 he makes good money for hostel and party expenses 🥰
Yes, Rapido market strategies are based on ground reality while ola and uber are fantasy.
My observations and Best Business strategies should based on ground reality.
i hope Ola & Uber safely land on earth from Mars 😜😜😜
hindsight bias
But there are still a flaw that might bring it down.Rapido drivers often ask for double or even triple the amount that was mentioned in the app which creates a problamatic situation at times of emergency. It does make it unreliable.
This only happens in Tamil Nadu. 😂😂🤣🤣🤣
Just paused watching Berkshire annual investors meeting to watch your case study.
Nowadays cost of rapido bike taxi is more than uber and ola( Hyderabad).
But cancellation of rides in rapido is less when compared with others.
Yes, also it is the only option for travel as of now
As per my experience in Hyderabad for past few months with different apps
For a ride when searched in 3 apps the rates for bike taxi were
Ola 160
Uber 180
Rapido 210 .
Rapido charging 20-25% more than other apps.
Ola - less no of drivers
Ubers - 90% of rides cancelled by driver.
Rapido - high rates (
same experience regarding fare but i didn't experience many cancellations. also waiting period for me was never more than 5min. probably my locality have more number of taxis
OLA and Uber ride prices have shot up extremely high in last couple years. The ride that used to cost me 400-450rs in 2019 costs me around 750-800rs today. Plus the amount of times my rides are cancelled is infuriating.
Don’t buy a car for yourself they said 😂
Maybe increase in petrol and bike price .
@@quagmire4412 no they r using cng
Yeah because there is inflation.
@@bekkantishreya5822 also buisness was clases 1 year due to covid 19
They will earn now
i once reported an issue to rapido and saw a change within 12 hours in app ui about it. really respect this company.
Bro in future can Ola and Uber beat this Monopoly since a market has been established ??? Are there any loopholes in Rapido's business model ???. Also is it possible that Ola and Uber can reduce their exsisting losses with bike taxis and an idea of implementing EV's in this market ???
its difficult for ola uber ro enter into bike taxi segment they hav left their drivers into huge debt by throwing short term incentives ..some even rook loans for buying a car n enter the ola or uber business ..tbh caes are a huge liability n during times such as pandemic prices shoot up and petrol maintenance etc increases and starts eating ur profits ...its possible for these cab business to enter into bikes but it will be tough will take time and effort as their reputation has been damaged...
the cost for rapido is not less and uber can enter in this just like how they entered cab service
rapido is charging more than uber in mumbai and other cities
@@qad951 its because the place u live must have a certain number of rapido bike riders think if ur area has least rapido drivers and u want them ro come from one end to the other its difficult rhts why the cost is high
aren't ola and uber are there in bike taxi? i don't know about other cities but atleast in hyderabad all these three companies are dominant.
@@phantom008varun4 I'm from Hyderabad. Ola and Uber started bike taxis long back here (at least 4 years ago). Now Ola stopped due to some legal issues but Uber still runs it. Although initially, I didn't use Rapido for long, it's been my go to app if I'm alone. The main reason being the availability - maybe because of the ease of part time stuff, there are plenty of captains always around and ride gets accepted much faster compared to Uber's cab, auto, bike whatever it maybe. And second thing is the payment mode change - I barely carry cash and try to do online payments which isn't something the drivers like. The stupid Uber app has the option to change after the ride starts but it never works. It's not the same for Rapido, I can always change until the captain presses end ride and they have a QR code that comes up which I can scan and pay and those people are happy about it.
I used rapido only once and it blew my mind when he arrived at early morning and first time i got discount very much.
I use bike taxi very frequently in hyderabad , Almost always there is less fare in Ola for bike but the problem is, it takes very long time to accept, but rapido though it costs 20-30 rs more accepts very quickly, So as time passed i almost with no second thought prefer rapido
💯
Have you ever taken a ride with Rapido?
Do the riders keep a spare helmet for the pillion? Do they even wear a helmet, as hardly anyone does in Pune?
Thanks for the credits 💝 7:37
As i have seen in Bangalore, Uber bikes have already started in some areas. With same positioning: ride sharing service. Uber bikes now is on par with rapido. Let's see how it pans out between the 3 companies
Actually here in lucknow, the rapido drivers instead of cancelling the ride, they ask passengers to cancel the ride as rapido charges them hefty amount and they somehow found a way to cancel the ride and pay the rider what rapido was offering.
I was about to book Rapido when the notification came
Sir do a video on Tencent business model and it's huge market share in the world economy
+1
Rapido will also shut down because it charges every time by increasing fare money to multiple times for same distance I have faced this problem for more than 7 Times by now
Finally old think school is back with the business case studies.... ❤️
Didn't you like the History videos?
@@TommyJefferson1801 yah but it's these types of videos are more interesting for me.... You know
@@AsifAli-le6iw Good
@@TommyJefferson1801 😁
@@AsifAli-le6iw kya hua
I think you leaved a point
Like how he worked smarter then other delivery model or taxi model and
How the location sharing is key model to improve the speed and efficiency...
Finally some business content is back !!!!!!!!!!!!!!!!
I am regular user of rapido in bangalore. rates are really reasonable and drivers are also good.satisfied customer
After a so long time @Think School has uploaded a business case study 📖 good to see that ✌️
I am a Rapido, Ola, Uber rider. Uber is the best. Riders are unhappy with Rapido and Ola. As govt is against foreign companies so Uber not increasing market share. Rapido will lose market.
Can I ask you some questions? What are the ways to understand any business case studies in such detail. What are the sources?
We love your analysis on every topic. Not only business case study (i like business case study also). But please make case studies on every topic like business, great Indian history (case study on Chhatrapati Shivaji Maharaj ❤️), future, science, politics,And unique Hollywood movies and unique regional Indian movies also.
Thanks for bringing back the business case studies.
Hey, I am aware that you mostly create videos on case studies and they are really awesome and insightful but I would just request you can you make a video on how to network in the business community?
Frankly speaking watching your videos before sleep gives me a deep satisfaction and a good night sleep😌
Rapido's navigation is definitely a area of huge improvement, frequently reroutes
Before the pandemic Uber used to offer, pool sharing. But after the pandemic, it stopped for obvious reasons. But they could very easily restart this.
For a ride costing rs 60 in RAPIDO, the same ride would cost around Rs 75-80 in Uber auto.
So I personally AVOID Rapido, saving the risk of two wheeler ride at extra cost of Rs 15-20.
@Simon Joseph like riding in a three Vehicle/ autorickshaw is very safe 😂, these autos are Mayhem on our road. Other countries are banning them we should too.
Nice comeback for the business case studies!!! More power to you!!👏
By the way, India is the world's largest manufacturer of 2-wheelers and Also exporter, These companies also explains how Indian capitalism is flourishing with MNCs and Unicorns Battling for 1.4 billion Market and Also how Investments are Flooding into India and It also cements India as the Brightest Economic Star in the world At the Moment
back in 2013 when uber got very popular here in US, one of my friend who worked as developer for uber asked me to start something similar in India..at that time I told him the same thing that Uber is working here because here people's primary medium of travel is car and everybody has car. so they can utilize existing vehicle as taxi. In India same thing wont work because even thought lot of people have car, the primary medium to travel is two wheeler. People will have to buy car that they dont need if they want to be uber driver. plus average middle class or even most upper middle class indian would not waste 400-500 rs on taxi if we can go on their own two wheeler for 2 main reasons 1 saving money 2 avoiding delay due to traffic.
One important point check: How many captains (drivers) did rapid retain for more than a year?
Rapido also focused on tier 2 and tier 3 cities more as metro people can pay more for cabs not small town people.. this also helped them grow and better infrastructure and nice cash base to compete with ola and uber in metros..
One request . In your presentation / monologue, can you please use lakhs and crores numbering system. That is much easier to understand and get a visualisation of.
3:35, I am of the opinion that breaking traffic rules shouldn't be glorified in any direct or indirect ways.
The Rapido Captains are also working for Dunzo, Swiggy etc..
So this becomes an additional source for them
Taxi bikes in India have this major issues they will first ask the customers the drop location and then will ask for extra money and if the customer denied of giving extra money they will just cancel.
This is also a great example of "right place" when it comes to new venture. Bike taxies are not the first choice when you live in hotter part of India with relatively "sufficient" public transportation available - for e.g. Mumbai OR New Delhi. Enter Bengaluru - great weather, bikes can tackle traffic much more efficiently, convenience (and apetite for it among Bengaloreans) and finally cost of public and other existing transport medium.
Note that Uber and Ola share were doing great but there was sharp drop in supply (from driver's side)
Must do a video on the fiscal deficit breaching 5 percent. The decrease in forex reserves by 80 billion and its impact on business and common man
Rapido is like meesho.
That how meesho emerged in between Amazon & Flipkart.
And thus like this Rapido also Emerged in between Ola and Uber.
Intro is getting better and better 🔥🔥
In Rapido was launched its price for the ride were very affordable & I used it for my daily travels at the base price of 40₹ but since it has captured the market the price for the same ride is now 76₹ which is even high or equal to uber now
Few months back rapido introduced its ride price i.e a pass through which you can book ride with discount the price at that time was 20₹ for 10 rides and 40 for 20 now the price of same pass is 125 & 150 something. Now I don't think there is much difference in uber/ola bikes and Rapido)
These are some demerits of Rapido I think which can lead to it's downfall or customer preference to alternative.
Also problem is bike taxi is that helmet is shared among several people which may lead to transfer of hair problem like lice, dandruff etc. Someone should also come up by solving this problem))
rapido collaborating with swiggy and zomato will be a boon for the bikers, bike industry (ev bikes too) and traffic control as bikers can do freelancing even by being employed somewhere😇😇
As always fantastic analysis by think school. I have one request please provide subtitles in the video .
that is what many of us are asking to you for A while.The case was very good literally enjoy it.
we are seeking for our next case study best wishes from us.
We want this type of video from long time even mujhe ye lgne lga tha ye channel pr ab political/so called geopolitics k baare me hi aayega ab bahut jada politics ho gya tha.
Hi, we request you please make a video on Metro Cash and Carry news we waiting to listen from you about what went wrong with metro cash and carry
Present buddy ❤️
Loved it ❤️
Thank you for your efforts both of you ❤️
Ye Dil Maange More ❤️
Thank God. It had turned from finance channel to geopolitical study channel
I really like rapido, I'm a student for me it's afforable and fun to ride 2 wheeler. I want this company to succeed.
Bro such a detailed explanation, thanks keep it up
Please make business case study videos on Oyo, IT Majors, Big Oil companies, Monsanto, Cola War, P&G and Unilever
Our per capita income is close to $2,000. So average income should be around 1,60,000 not 91,000
In rainy season it is risky to travel in two wheeler as comparedto Taxi-
Taxi service only choose.... Better suggestion
You forgot to tell a quote " Focus on pastries not on cakes" which as told by a investor of Rapido
Wonderful riding Rapido.... Expert riders in heavy traffic.... Time saving
finallllyyyyy happy i was freaking mad after watching sooo many geopolitical cases aftr a long time when i saw a business case study u revived my happiness thanku for giving out a business case study
I did almost more than 20 rides by rapido.. extremely happy with the service..the main part is affordability..now I choose rapido over ola uber taxis for my trips..only exception I make for very long trips i switch to uber or ola which ever is cheap available that time
subing to this channel is the best thing ive done this year
Kudos to identifying the gap in the market.
Would be interesting to see how Rapido deflects the competition from eating into its market share.
I think a case study on the growth InDriver can also be helpful in an extension to the valuable information you provided in this one.
Story could have easily flipped with 'non serious' part-time captains. Then we would have said, 'While drivers of Ola and Uber, had families to feed and EMIs to pay, the part-time captains had no obligations to stay put with the fleet. This caused lots of ride cancellations and unhappy riders.'
The most important learning is influencing the regulations, this proves that if your model is worthy and non-harmful to society, you can change the regulations too, go beyond the market mechanisms. 👍
I'm as a student always thinks of a plan that's not existed in the current market..When I first came to know about uber and ola..I thought, bike would be a great idea for someone who is alone, money saving as well as time, can choose narrow roads for shortcuts in busy traffic.. Keeping in mind we Indians are price sensitive..
Most of the youngsters in India will have a plan that can bring changes in the society but don't know where to start.
Swiggy and Zomato paying more than Rapido to bike Drivers.. Rapido soon or later will not sustain.. because the same Rapido driver is available at Uber and Ola bikes.. This is biggest threat for Rapido to ensure availability bikes for customers all times.. In my experience I tried booking bikes, sometimes rapido no availability and ola have 1 or 2 and sometimes the same with uber..
Most of the Bike drivers are interested to deliver the parcels with swiggy or dunzo..
Can you please lower down the background music which is played in the starting , since it is loud ; it is unable to hear what the news reporter speak hence only option is to turn on the SUBTITLES
PLEASE IF YOU CAN SLOW DOWN THE BGM
Blessed to see you again doing what you do the best sir
Supply according to the necessity of the market 💥🙏
Also, 2 wheeler EV are cheaper, easy to charge, easy to maintain than 4 wheeler EV. This will give boost to rapido captains in future.
In short bike taxi was untapped oil business for e transport market which has high value of profiting and rapido utilized it properly to beat ola and uber