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<\/span><\/figcaption><\/figure> Smartphone maker Xiaomi<\/a>, along with several other existing investors like China’s Shunwei Capital<\/a>, are in talks to invest in a $75-million round being raised by bike taxi<\/a> application Rapido<\/a>, according to two sources familiar with the development.

The deal is expected to double the valuation of Rapido<\/a> to over $300-350 million even as the startup continues to expand across the country amid flat growth in the cab segment.

The contours of the round are still being worked out and the startup could raise more capital — as much as $100 million — given its growth, said sources familiar with the talks.

The startup is also in discussions to bring other new investors on board. “Rapido is growing really fast and while they are not reaching profitability, they have still been able to maintain margins well,” said one of the sources mentioned earlier.

Rapido had last raised about $55 million at a valuation of close to $150 million from investors like Westbridge Capital<\/a>, BAce Capital and Nexus Venture Partners<\/a> earlier this year. Xiaomi<\/a> and Rapido declined to comment. Shunwei, which is the VC fund started by Xiaomi founder Lei Jun, did not reply to an emailed query from TOI.

Rapido was founded by Aravind Sanka, Rishikesh S R and Pavan Guntupalli in 2015 and also counts Hero MotoCorp MD Pawan Munjal among its investors. From doing around 2.2 million rides a day in May this year, the startup is now doing 5 million rides daily across 80-90 cities in India, expanding its presence to smaller towns as well.

As compared to cabs which cost over Rs 20 per km, Rapido costs about Rs 10-11 per km, making it a much more affordable option. While the proportion of car-owning households in India stands at around 11%, those who own a two-wheeler is much higher at 36%, according to an ICE 360° Survey 2016. India has over 210 million people with two-wheeler licences.
<\/body>","next_sibling":[{"msid":72286422,"title":"Government wants to conduct audit of WhatApp Security System after NSO espionage","entity_type":"ARTICLE","link":"\/news\/government-wants-to-conduct-audit-of-whatapp-security-system-after-nso-espionage\/72286422","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[],"msid":72286558,"entity_type":"ARTICLE","title":"Smartphone maker Xiaomi in talks to back bike taxi app Rapido","synopsis":"\u200b\u200bThe deal is expected to double the valuation of Rapido to over $300-350 million even as the startup continues to expand across the country amid flat growth in the cab segment.","titleseo":"telecomnews\/smartphone-maker-xiaomi-in-talks-to-back-bike-taxi-app-rapido","status":"ACTIVE","authors":[{"author_name":"Digbijay Mishra","author_link":"\/author\/479221599\/digbijay-mishra","author_image":"https:\/\/etimg.etb2bimg.com\/authorthumb\/479221599.cms?width=100&height=100&hostid=268","author_additional":{"thumbsize":false,"msid":479221599,"author_name":"Digbijay Mishra","author_seo_name":"Digbijay-Mishra","designation":"Correspondent","agency":false}},{"author_name":"Madhav Chanchani","author_link":"\/author\/479235473\/madhav-chanchani","author_image":"https:\/\/etimg.etb2bimg.com\/authorthumb\/479235473.cms?width=100&height=100&hostid=268","author_additional":{"thumbsize":false,"msid":479235473,"author_name":"Madhav Chanchani","author_seo_name":"madhav-chanchani","designation":"Editor","agency":false}}],"Alttitle":{"minfo":""},"artag":"TNN","artdate":"2019-11-29 08:20:52","lastupd":"2019-11-29 08:20:52","breadcrumbTags":["Rapido","Xiaomi","bike taxi","Westbridge Capital","Shunwei Capital","Nexus Venture Partners","MVAS\/Apps"],"secinfo":{"seolocation":"telecomnews\/smartphone-maker-xiaomi-in-talks-to-back-bike-taxi-app-rapido"}}" data-authors="[" digbijay mishra","madhav chanchani"]" data-category-name="" data-category_id="" data-date="2019-11-29" data-index="article_1">

小米智能手机制造商进行谈判,以脚踏车后出租车应用快车

该交易预计将翻一番快车的估值超过300美元- 350即使启动全国继续扩大在平坦的出租车市场的增长。

Digbijay Mishra Madhav Chanchani
  • 发布于2019年11月29日凌晨08:20坚持
智能手机生产商小米连同其他几个现有投资者,如中国Shunwei资本在谈判回合提出投资7500万美元自行车出租应用程序快车据两位知情人士透露,的发展。

该交易预计估值的两倍快车甚至超过300 - 350美元作为启动全国继续扩大在平坦的出租车市场的增长。

圆的轮廓仍在制定当中,创业公司可以筹集更多的资金高达1亿美元——鉴于其增长,知情人士表示,谈判。

广告
启动也在讨论其他新投资者。“快车增长非常快,虽然他们没有达到盈利,他们仍然能够保持利润率,“说前面提到的来源之一。

快车去年筹集了约5500万美元的估值接近1.5亿美元的投资者Westbridge资本,确定新基点资本和企业合作伙伴关系今年早些时候。小米和快车拒绝置评。Shunwei,风投基金开始由小米创始人雷军,没有回复电子邮件查询从钢铁洪流。

快车是由Aravind Sanka圣地S R和孔雀舞Guntupalli 2015年也数英雄MotoCorp MD一生蒙贾尔的投资者之一。做大约220万骑一天今年5月,启动现在每天做500万骑跨在印度80 - 90个城市,扩大其存在较小的城镇。

比出租车的成本在Rs 20每公里,快车成本每公里Rs - 11,使它更负担得起的选择。而私家车的家庭在印度站的比例在11%左右,那些拥有摩托更高为36%,根据2016年冰360°调查。印度已超过2.1亿人,摩托车和自行车的执照。
  • 发布于2019年11月29日凌晨08:20坚持

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  • 小米智能手机制造商进行谈判,以脚踏车后出租车应用快车
\"\"
<\/span><\/figcaption><\/figure> Smartphone maker Xiaomi<\/a>, along with several other existing investors like China’s Shunwei Capital<\/a>, are in talks to invest in a $75-million round being raised by bike taxi<\/a> application Rapido<\/a>, according to two sources familiar with the development.

The deal is expected to double the valuation of Rapido<\/a> to over $300-350 million even as the startup continues to expand across the country amid flat growth in the cab segment.

The contours of the round are still being worked out and the startup could raise more capital — as much as $100 million — given its growth, said sources familiar with the talks.

The startup is also in discussions to bring other new investors on board. “Rapido is growing really fast and while they are not reaching profitability, they have still been able to maintain margins well,” said one of the sources mentioned earlier.

Rapido had last raised about $55 million at a valuation of close to $150 million from investors like Westbridge Capital<\/a>, BAce Capital and Nexus Venture Partners<\/a> earlier this year. Xiaomi<\/a> and Rapido declined to comment. Shunwei, which is the VC fund started by Xiaomi founder Lei Jun, did not reply to an emailed query from TOI.

Rapido was founded by Aravind Sanka, Rishikesh S R and Pavan Guntupalli in 2015 and also counts Hero MotoCorp MD Pawan Munjal among its investors. From doing around 2.2 million rides a day in May this year, the startup is now doing 5 million rides daily across 80-90 cities in India, expanding its presence to smaller towns as well.

As compared to cabs which cost over Rs 20 per km, Rapido costs about Rs 10-11 per km, making it a much more affordable option. While the proportion of car-owning households in India stands at around 11%, those who own a two-wheeler is much higher at 36%, according to an ICE 360° Survey 2016. India has over 210 million people with two-wheeler licences.
<\/body>","next_sibling":[{"msid":72286422,"title":"Government wants to conduct audit of WhatApp Security System after NSO espionage","entity_type":"ARTICLE","link":"\/news\/government-wants-to-conduct-audit-of-whatapp-security-system-after-nso-espionage\/72286422","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[],"msid":72286558,"entity_type":"ARTICLE","title":"Smartphone maker Xiaomi in talks to back bike taxi app Rapido","synopsis":"\u200b\u200bThe deal is expected to double the valuation of Rapido to over $300-350 million even as the startup continues to expand across the country amid flat growth in the cab segment.","titleseo":"telecomnews\/smartphone-maker-xiaomi-in-talks-to-back-bike-taxi-app-rapido","status":"ACTIVE","authors":[{"author_name":"Digbijay Mishra","author_link":"\/author\/479221599\/digbijay-mishra","author_image":"https:\/\/etimg.etb2bimg.com\/authorthumb\/479221599.cms?width=100&height=100&hostid=268","author_additional":{"thumbsize":false,"msid":479221599,"author_name":"Digbijay Mishra","author_seo_name":"Digbijay-Mishra","designation":"Correspondent","agency":false}},{"author_name":"Madhav Chanchani","author_link":"\/author\/479235473\/madhav-chanchani","author_image":"https:\/\/etimg.etb2bimg.com\/authorthumb\/479235473.cms?width=100&height=100&hostid=268","author_additional":{"thumbsize":false,"msid":479235473,"author_name":"Madhav Chanchani","author_seo_name":"madhav-chanchani","designation":"Editor","agency":false}}],"Alttitle":{"minfo":""},"artag":"TNN","artdate":"2019-11-29 08:20:52","lastupd":"2019-11-29 08:20:52","breadcrumbTags":["Rapido","Xiaomi","bike taxi","Westbridge Capital","Shunwei Capital","Nexus Venture Partners","MVAS\/Apps"],"secinfo":{"seolocation":"telecomnews\/smartphone-maker-xiaomi-in-talks-to-back-bike-taxi-app-rapido"}}" data-news_link="//www.iser-br.com/news/smartphone-maker-xiaomi-in-talks-to-back-bike-taxi-app-rapido/72286558">