KISAN NETWORK Kisan Network is a Tech Enabled Supply chain for Inidan Agriculture, with a fully integrated PAN India presence, empowering small and marginal farmers to sell products directly to businessmans. Kisan Network is a tech based supply chain startup of India focused on agriculture, the backbone of India. INTRODUCTION Kisan Network is a Gurgaon, Haryana, India based startup founded by Aditya Agarwalla and Sanjay K Agarwalla for the Indian farmers to sell products directly to businessman. They focused on that section of the society which was really left unorganized, and the backbone of india, agriculture where there is huge scope of growth and development. FACTS AND FIGURES NAME OF THE FIRM KSIHAN NETWORK FOUNDED 2015 FOUNDER Aditya Agarwalla Sanjay K Agarwalla INDUSTRIES AGRICULTURE, Ag Tech, MOBILE HEADQUARTER GURGAON, HARYANA, INDIA AREA SERVED VILLAGES OF
Rapido - One of the fastest growing transportation startup which offers ‘bike taxi’ to the travelers.
Hope you all, my dear readers are well and happy. You all are enjoying the startup stories which we used to publish in Summary Traffic.
Rapido is just like ola cabs which we have discussed in the earlier post.Ola it is basically a platform given to the local travelers to book a bike ride through a mobile app named as RAPIDO. It ia an Indian based online bike taxi system which is very helpful during peak time like in evening after job and in the morning when the traffic is very heavy, two wheelers are easily moveable. Rapido is Bangalore based startup which operates in more than 95 cities across India.
Some facts about RapidO
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INDUSTRY -
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TRANSPORTATION
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TRADE
NAME -
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ROPPEN TRANSORTATION SERVICE PRIVATE LIMITED
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FOUNDER
-
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ARVIND SANKA, PAWAN GUNTUPALLI, SR RISHIKESH
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FOUNDED
-
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2015
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HEADQUARTERS
-
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BANGALORE, KARNATAKA, INDIA
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NUMBER
OF LOCATIONS -
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100+ cities
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AREA
SERVED -
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INDIA
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OTHER FACTS
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IPO
STATUS -
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PRIVATE
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ALSO
KNOWN AS -
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RAPIDO, RAPIDO CAPTAIN
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NUMBER
OF EMPLOYEES -
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1001-5001
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NUMBER
OF ACQUISITION -
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2
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TOTAL
FUNDING AMOUNT -
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$78.4M
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OPERATING
STSTUS -
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ACTIVE
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PRODUCTS
-
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MOBILE APP
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AT THAT TIME – HISTORY
Rapido, this company was founded in 2015 as theKarrier by two IITian and a PESU alumni – Arvind Sanka, Pavan Guntupalli and SR Rishikesh. In September 2018, as per report Rapido has over 15,000 registered user / riders, with average rides of 30,000 per day. At that time, among who have stakes in Rapido are Hero Motocorp chairman
Pawan Munjal and former Google India head Rajan Anandan.
Co-founder Arvind Sanka claimed that the company has created more than 500,000 jobs in India in the year 2019. In the November 2019, the company claimed to have more than 1 crore registered user.
About Competitors
Bounce
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Vivekanand Hallekere, Co-founder
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VOGO
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Anand Ayyadurai, Co-founder
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BIKXIE
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Mohit Sharma, Co-founder
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ONN
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Namit jain, Co-founder
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WHEELSTREET
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Pranay Shrivastava, Co-founder
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Yulu
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Amit Gupta, Co-founder
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Drivezy
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Ashwarya Pratap Singh, Co-founder
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snapbikes
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Aditya Puglia, Founder
|
These are some of the top ten competitors in Rapido’s competition set are bounce, vogo, bikxie, onn bikes, wheelstreet, yulu, drivezy, snapbikes etc. Together they have raised over 645.7M between their estimated 1.5k employees. Later on it was ranked 8th in the top ten competitors and after that it was ranked 2nd and then later on it was ranked as 1st among top ten.
RAPIDO’S BUSINESS MODEL
The Rapido app allows the user to book a ride, after which a rider (named captain) arrives at the location set in. The fair includes a base fare of Rs15 in addition with Rs3 per kilometer of the ride. The ‘captains’ need to register through the Rapido-Captain app and get validated by submitting the required documents. They can use their bikes, scooters, scooty, or e-bike, but the vehicle cannot be older than 2010.
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