Rapido's FY25 revenue increases by 44% to Rs 934 crore, while its loss decreases by 30% to Rs 258 crore
Rapido Revenue Jumps 44% in FY25 as Losses Narrow on Improved Operating Leverage
Ride-hailing platform Rapido reported a 44% surge in operating revenue to Rs 934 crore in fiscal year 2025, while significantly narrowing its losses, according to financials filed with the Registrar of Companies.
The Bengaluru-based startup posted a net loss of Rs 258 crore in FY25, a 30% decline from the year ended March 2024. The improvement was driven by stronger operating leverage, with Ebitda losses narrowing sharply to Rs 104 crore, compared with Rs 409 crore in FY24. In the previous fiscal year, Rapido had already reduced its losses by 45% to Rs 371 crore.
Rapido operates bike taxis on a commission-based model, while its three-wheeler and four-wheeler ride-hailing services run on a subscription model. Under this structure, drivers pay a fixed subscription fee for platform access over a set period, instead of per-ride commissions.
Revenue from subscription services rose sharply to Rs 275 crore in FY25, from just Rs 19 crore in FY24, as Rapido expanded its three- and four-wheeler offerings nationwide. In contrast, revenue from platform services, largely commission-based, declined to Rs 347 crore from Rs 505 crore a year earlier.
The WestBridge Capital-backed company also saw a sharp rise in advertising revenue, which increased more than sixfold to Rs 16 crore in FY25, compared with Rs 2.5 crore the previous year.
Over the past 12–18 months, Rapido has aggressively scaled its operations to gain market share in urban mobility. The company has overtaken Uber and Ola in overall ride-hailing market share, though it remains second in the four-wheeler segment, behind Uber, The Economic Times reported earlier.
Rapido cofounder and CEO Aravind Sanka had earlier said the company would prioritise “sustainable growth” rather than “chasing market leadership at any cost.”
The company is currently in the process of closing a $550-million funding round led by Prosus and WestBridge Capital. It is also expanding its food delivery service, Ownly, which was launched in mid-2025.
On the cost side, marketing expenses rose 18% year-on-year to Rs 252 crore in FY25, while staff costs increased 20% to Rs 207 crore.
