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RAPIDO PRODUCT
TEARDOWN
Competitors:
Overview:
Rapido is a Bangalore-based Indian online bike taxi
aggregator, which was founded in the year 2015. It
operates in 100+ cities across the country and also
travels to various places in and around them. It has got
more than 15000 registered riders a day.
Industry:
The bike taxi market in India was last valued at $50.5
million in 2021. It is projected to reach $1,478.0
million by 2030, registering a compound annual
growth rate (CAGR) of 48.5% from 2022 to 2030.
Business Model of Rapido:
● Rapido employs a peer-to-peer business framework,
linking individuals seeking a ride with independent two-
wheeler operators (referred to as “captains”) ready to
offer that service.
● The cost of each ride is calculated based on the distance
in kilometres that the user needs to travel.
● Captains are permitted to use vehicles such as scooters
or motorcycles, with the stipulation that these vehicles
must be two-wheelers and not older than the year 2010.
About: Atharv is 22 YO student in Mumbai.
Use Bike as travelling mode daily.
Need: Pocket friendly and easily accessible
solution.Pain points:
● Not able to sa
● ve more because of surge in bike
price.
● Captains cancelling the ride.
● Delay in arrival time of captain.
USER PERSONAS
About: Prerna is 28 YO working woman in
Bangalore and use auto to commute
daily.
Need:
● Schedule her rides upfront
according to her schedule.
● Safe and reliable mode of transport
to work
Pain points:
● Captains cancelling the ride.
● Inability to book captain at peak
time.
● Captain asking to book offline and
pay via Cash.
User Onboarding
Download application Get Started Request Permissions Location access
permission
Enter phone details Enter OTP Enter personal information Homepage
Pain Points
➔ Being asked for more money can make
users feel exploited, leading to a
perception that the platform's pricing
isn't fair or transparent.
➔ Persistent issues with customer support
accessibility can lead to a decline in
brand reputation, as customer
satisfaction is a key driver of brand
perception in the service industry.
➔ For passengers, the experience of rash
driving can be anxiety-inducing and
stressful, particularly if they feel their
concerns are not adequately addressed
by the company.
Critical Reviews
Top Highlights
➔ Consistently positive experiences
contribute to a strong brand reputation,
attracting new customers who value
safety and courteous service.
➔ Consistent use of Rapido for night rides
indicates a high level of trust in the
safety protocols and measures
implemented by Rapido, such as verified
captains, real-time tracking, and
emergency contact features.
Positive Reviews
KEY PERFORMANCE INDICATORS
L1 Metrics
● Number of Rides Completed
● Gross Transaction Value (GTV)
● Active Users
● Ride Acceptance Rate
● Average Revenue Per User (ARPU)
L2 Metrics
● Ride Cancellation Rate
● Average Wait Time
● Cost Per Ride
● Captain Satisfaction Score
● Ride Density
● Incident Rate
North Star Metric
Ride Completion Rate is defined as the
percentage of rides successfully completed
out of the total rides booked on the
platform.
This metric encompasses several critical
aspects of Rapido's service, including
availability, reliability, safety, and customer
satisfaction.
Other factors defining Ride completion rate
as NSM:
● Customer Satisfaction
● Service Reliability
● Operation Efficiency
● Growth Indicator
THANK YOU!!

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Rapido_ProductTeardown_LIPChallenge.pptx

  • 2. Competitors: Overview: Rapido is a Bangalore-based Indian online bike taxi aggregator, which was founded in the year 2015. It operates in 100+ cities across the country and also travels to various places in and around them. It has got more than 15000 registered riders a day. Industry: The bike taxi market in India was last valued at $50.5 million in 2021. It is projected to reach $1,478.0 million by 2030, registering a compound annual growth rate (CAGR) of 48.5% from 2022 to 2030. Business Model of Rapido: ● Rapido employs a peer-to-peer business framework, linking individuals seeking a ride with independent two- wheeler operators (referred to as “captains”) ready to offer that service. ● The cost of each ride is calculated based on the distance in kilometres that the user needs to travel. ● Captains are permitted to use vehicles such as scooters or motorcycles, with the stipulation that these vehicles must be two-wheelers and not older than the year 2010.
  • 3. About: Atharv is 22 YO student in Mumbai. Use Bike as travelling mode daily. Need: Pocket friendly and easily accessible solution.Pain points: ● Not able to sa ● ve more because of surge in bike price. ● Captains cancelling the ride. ● Delay in arrival time of captain. USER PERSONAS About: Prerna is 28 YO working woman in Bangalore and use auto to commute daily. Need: ● Schedule her rides upfront according to her schedule. ● Safe and reliable mode of transport to work Pain points: ● Captains cancelling the ride. ● Inability to book captain at peak time. ● Captain asking to book offline and pay via Cash.
  • 4. User Onboarding Download application Get Started Request Permissions Location access permission
  • 5. Enter phone details Enter OTP Enter personal information Homepage
  • 6. Pain Points ➔ Being asked for more money can make users feel exploited, leading to a perception that the platform's pricing isn't fair or transparent. ➔ Persistent issues with customer support accessibility can lead to a decline in brand reputation, as customer satisfaction is a key driver of brand perception in the service industry. ➔ For passengers, the experience of rash driving can be anxiety-inducing and stressful, particularly if they feel their concerns are not adequately addressed by the company. Critical Reviews
  • 7. Top Highlights ➔ Consistently positive experiences contribute to a strong brand reputation, attracting new customers who value safety and courteous service. ➔ Consistent use of Rapido for night rides indicates a high level of trust in the safety protocols and measures implemented by Rapido, such as verified captains, real-time tracking, and emergency contact features. Positive Reviews
  • 8. KEY PERFORMANCE INDICATORS L1 Metrics ● Number of Rides Completed ● Gross Transaction Value (GTV) ● Active Users ● Ride Acceptance Rate ● Average Revenue Per User (ARPU) L2 Metrics ● Ride Cancellation Rate ● Average Wait Time ● Cost Per Ride ● Captain Satisfaction Score ● Ride Density ● Incident Rate North Star Metric Ride Completion Rate is defined as the percentage of rides successfully completed out of the total rides booked on the platform. This metric encompasses several critical aspects of Rapido's service, including availability, reliability, safety, and customer satisfaction. Other factors defining Ride completion rate as NSM: ● Customer Satisfaction ● Service Reliability ● Operation Efficiency ● Growth Indicator