Rapido Expands App Services to Include Flight, Hotel, Bus and Train Bookings via Partner Integrations

For booking flights, buses, trains, and hotels, Rapido has partnered with Goibibo, owned by MakeMyTrip; ConfirmTkt, owned by ixigo; and redBus. Rapido aims to become a one-stop travel app, offering its 5 Cr active users from more than 400 cities nationwide a smooth mobility experience. Prior to a possible initial public offering (IPO), the ride-hailing company is working to diversify.

Unicorn that rides Rapido has partnered with Goibibo, owned by MakeMyTrip; ConfirmTkt, owned by ixigo; and redBus to provide hotel, bus, rail, and flight booking through its app. With these features, Rapido hopes to establish itself as a one-stop travel app, delivering its 5 Cr active users from more than 400 cities around the nation a smooth mobility experience.

Rapido claimed that by combining daily mobility and trip booking into a single app, it is well-positioned to onboard the next 10 Cr digital travellers. RedBus is an online bus ticketing platform for intercity bus reservations, whereas Goibibo offers hotel and airfare bookings. ConfirmTkt is a B2C online train ticketing platform that has been authorised.

Rapido Added New Travel Section in its App

Rapido has established a new “travel” section on its app’s home screen in order to accommodate the additional services. By utilising Rapido’s reach, Goibibo, ConfirmTkt, and redBus hope to increase their user base even more with this relationship.

Rapido’s continuing diversification strategy continues with this move. A full-fledged mobility app, the ride-hailing firm started off as a bike-taxi platform for short-distance urban commuting. Over time, it added car and taxi booking services to its main business of bike ride-hailing. In an attempt to compete with Zomato and Swiggy, Rapido also entered the food delivery market earlier this year with the introduction of Ownly.

Rapido Aiming to Become Multi-Service Platform

Rapido’s strategy change to become a multi-service platform instead of a single-category competitor is reflected in the diversification, which enables it to compete with both foodtech behemoths and significant ride-hailing companies. Rapido wants to increase app engagement and diversify its revenue sources by combining various offers into a single platform.

The most recent advancement coincides with Rapido’s goal of closing a $500–$550 million fundraising round. Swiggy’s stake sale would be one of several primary and secondary transactions that would take place during the round.

Although Rapido has not yet submitted its FY25 financial figures, the company is anticipated to generate over INR 1,000 Cr in revenue during the year. It reduced its loss from INR 675 Cr in the previous fiscal year to INR 370 Cr in FY24, a more than 45% reduction. Operating revenue increased from INR 443 Cr in FY23 to INR 648.1 Cr in FY24, a 46% increase.