Rapido posts wider FY23 loss, threefold growth in revenue

Rapido competes with the likes of Ola, Uber, Blusmart, Indrive, Shoffr and Namma Yatri in the Indian ride-hailing space. In FY23, Ola Cabs' standalone loss narrowed by 65%, while Uber India's net loss widened to Rs 311 crore.