Rapido, a Bangalore-based ride-hailing startup recently valued at over $1 billion, has created 7 million jobs in the last nine years.
Co-founder Pavan Guntupalli mentioned at a recent event at the Moneycontrol Startup Conclave that they are now generating 150,000 new jobs monthly and are looking to increase this number.
Rapido co-founder said, "We have already created around 70 lakh jobs in the last nine years. We now create 1.5 lakh new jobs every month, and we’re working on how we can further increase this number."
He explained that customer loyalty has a different definition in the modern age.
Pavan said, "Today, users have lower switching costs and are always on the lookout for better options. The only way to build loyalty is by continuously increasing user value. The value proposition that was offered six months ago may no longer be valid, so we need to keep evolving."
He added, "Just a couple of months ago, for the first time in our nine-year journey, we completed a billion rides in this country. At the same time, in a category that faced many questions—bike taxis—we are now clocking more than a million rides in that single category. We also take pride in simple yet impactful initiatives, like installing seat belts in auto rickshaws."
The company is now focusing on urban mobility challenges and aims to provide better transport solutions and reduce traffic congestion in cities like Bengaluru, Delhi, and Mumbai.
Social Media Reaction:
Rapido co-founder is getting mixed reactions for his astronomical job creation claims.
One user wrote, "Amazing to see how Rapido is not only evolving urban mobility but also creating so many jobs! Kudos, Pavan! Your team's role in the startup scene is stellar."
Another user commented, "Unbelievable. Even government will struggle to do this /undefined "Grinning face")
we have to check his definition of employment"
A third user wrote, "Well, none of them are formal jobs."
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