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Bike Riding

Rapido cuts losses from Rs 675 cr to Rs 370 cr in FY24, revenue rises 46%

Ride-hailing platform Rapido has reported narrowing of losses to Rs 370 crore in FY24 from Rs 675 crore a year earlier. This is the third consecutive year the Bengaluru-based unicorn has posted a loss. It incurred a loss of Rs 440 crore in FY22, the company said in a statement. The company's revenue came in at Rs 648 crore in FY24, up 46.3 per cent from Rs 443 crore in FY23. "Last year's performance is underscored by a ~2x increase in Gross Order Value (GOV), which soared to Rs 4,257 crore in FY24 from Rs 2,419 crore in FY23, further demonstrating the platform's expanding market presence. This growth was fuelled by a 1.5x rise in ride orders, reaching nearly half a billion rides in FY24, underscoring Rapido's increasing appeal among India's vast commuter base," the statement said. In the July-September period of FY25, Rapido shrunk losses to Rs 17 crore from Rs 74 crore a year ago. The company reported a 2.5 times year-on-year growth in gross order value (GOV) to Rs 2,461 crore du

Rapido cuts losses from Rs 675 cr to Rs 370 cr in FY24, revenue rises 46%
Updated On : 15 Nov 2024 | 5:21 PM IST

MotoGP Bharat expected to create an impact of over Rs 950 crore in India

In an interview with Business Standard, the promoter of the event said that from now Buddh International Circuit will be able to accommodate both F1 and MotoGP racing

MotoGP Bharat expected to create an impact of over Rs 950 crore in India
Updated On : 18 Sep 2023 | 10:46 PM IST

Sale of MotoGP Bharat tickets goes live as UP CM receives 1st ticket

MotoGP Bharat is scheduled to be held at the Buddh International Circuit in Noida from September 22 and 24

Sale of MotoGP Bharat tickets goes live as UP CM receives 1st ticket
Updated On : 23 Jun 2023 | 4:42 PM IST

Youtuber Agastya Chauhan dies in a road accident on Yamuna Expressway

Youtuber Agastya Chauhan dies in a road accident on Yamuna Expressway at the age of 22. Police handed over the body to the family after a post-mortem

Youtuber Agastya Chauhan dies in a road accident on Yamuna Expressway
Updated On : 05 May 2023 | 12:02 PM IST

KTM India launched a more accessible 390 Adventure V with low seat variant

KTM India is set to launch its new 390 Adventure V for short riders. The height of the bike significantly dropped to 830 mm from 855 mm

KTM India launched a more accessible 390 Adventure V with low seat variant
Updated On : 04 May 2023 | 2:55 PM IST

Easy rider: The biking gear you need for safety and comfort on the road

Helmets, jacket and gloves will protect you in your adventures: choose them well

Easy rider: The biking gear you need for safety and comfort on the road
Updated On : 25 Nov 2022 | 3:10 PM IST

How a bunch of passionate riders is making a career out of motorcycling

Veer Arjun Singh finds out what a bunch of passionate bikers can teach us about the adrenaline-fuelled hobby

How a bunch of passionate riders is making a career out of motorcycling
Updated On : 01 Nov 2019 | 11:09 PM IST

New in town

Italian leather giant Dainese has launched a new Super Speed D1 leather jacket and an Avro D1 jacket

New in town
Updated On : 23 Jul 2016 | 12:03 AM IST