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Rapido's losses widen 2.6 times to ₹439 cr in FY22
short by Bhawana Chaudhary / on Tuesday, 24 January, 2023
Ride-sharing company Rapido's losses widened 2.6 times to ₹439 crore in FY22 from a loss of ₹166 crore in FY21, according to the company's annual financial statement. The Bengaluru-based company's operating revenue rose nearly two-fold to ₹144.8 crore from ₹75.6 crore. Rapido's total expenses increased 2.3 times to ₹597 crore from ₹254 crore in the previous fiscal.
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