Rapido Aims for IPO Readiness by End of 2026, Eyes Growth and Profitability

Rapido, a company that offers bike taxi rides, is getting ready to go public through an IPO, which is like selling shares to many people.

Their co-founder, Aravind, said they plan to start getting ready for this by the end of 2026.

He also mentioned that Rapido has been growing really fast, doubling in size every year for the past couple of years, and they want to keep growing like that.

Aravind explained that Rapido is doing well financially and is almost making a profit overall, unlike some other companies that spend a lot of money.

They are also helping people who invested in them early on to sell their shares for a good profit.

An investor named Sia Kamalie believes Rapido is also looking at new ways to make money, like delivering food, and wants to offer more affordable options compared to other companies.