Rapido expects to start working on IPO by 2026-end: Cofounder Aravind Sanka

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Bike taxi aggregator Rapido expects to start working on the process for public listing by the end of next year, a top company official said.

Rapido cofounder Aravind Sanka told PTI that the company expects to maintain its growth rate of 100 per cent year-on-year for the next few years and be a much larger player compared to its nearest competitor before going for the initial public offering (IPO).

“We just want to grow further before thinking about markets. Right now, our idea is how do we grow further… We have been growing 100% in the last two…



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Rapido expects to start working on IPO by 2026-end: Cofounder Aravind Sanka



Bike taxi aggregator Rapido expects to start working on the process for public listing by the end of next year, a top company official said.

Rapido cofounder Aravind Sanka told PTI that the company expects to maintain its growth rate of 100 per cent year-on-year for the next few years and be a much larger player compared to its nearest competitor before going for the initial public offering (IPO).

“We just want to grow further before thinking about markets. Right now, our idea is how do we grow further… We have been growing 100% in the last two…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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