ride-hailing Startup Rapido is expanding its business with low-cost airport cab service. The company expects this segment to contribute 20% to their revenue. Rapido launched airport cab service in Surat last week and will launch it in all metros in the current quarter. According to Arvind Sanka, co-founder and CEO of Rapido, there is a lot of potential for cab services on airport routes as the number of air passengers is increasing and there are only a few transport options available.
There is still shortage of cabs in the morning and night.
Arvind Sanka said, “With the rapid increase in traffic at the airport, we expect the airport business to contribute more than 20% to our total revenue in the coming years. According to Mint, an expert said that late night and Availability of early morning cabs still remains a major challenge for commuters, he said, adding that setting up booking kiosks in or around the airport along with Ola, Uber and BlueSmart could also increase Rapido’s presence in the airport market.
The fare for airport ride is almost double compared to urban ride.
Experts said that in some cities, the big fleets of Ola, Uber and BlueSmart will become a challenge for Rapido. According to another expert, the price of airport ride is usually almost double that of urban ride. In such a situation, this segment becomes a preferred option for companies in terms of revenue. Arvind Sanka said that with the increase in airport traffic, better customer experience and cheaper fares will be very important.
The number of air passengers is increasing rapidly
Arvind Sanka said, “Guaranteeing the lowest fare for cab rides will differentiate us from others, along with well-maintained vehicles and additional features.” According to ICRA, India’s air passenger traffic is expected to grow by 8 to 11% year-on-year and reach a record 407 to 418 million passengers by the end of FY 2025, which will provide tremendous growth for ride-hailing companies. Gives indication of.
