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Rapido To Function For Hyperlocal Deliveries

Rapido is targeting garnering a quarter of its revenues from its logistics venture, up from 10% earlier.

Rapido is all set to expand its operations in the logistics segment with the launch of hyper-local delivery services to take on the likes of Dunzo and Swiggy Geniew and sustain operations amid a serious disruption in the demand for mobility solutions following the Covid-19 crisis.

Online bike taxi aggregator Rapido is targeting for prospering a quarter of its revenues from its logistics venture up from 10% earlier. The company has expanded and tied up with 20 clients to deliver essentials in the past few weeks. It has also been testing its hyperlocal delivery services in Bengaluru and Kolkata. It will soon launch its services of pickup and drop-off services in national Capital.

Transportation has come to a standstill during this lockdown. Some plans that have been decided prior to this disruption have now been accelerated. Logistics services will play a significant role and to lead an increase to 25% of our overall business, sources said.

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