Bike and auto-rickshaw aggregator Rapido said on Friday that it intend to bring on board 200 women drivers over the next three months.
This initiative would enable women to earn between Rs 800 and Rs 1,000 per day, translating to a monthly income of Rs 25,000 to Rs 30,000, the startup said in a statement.
Co-founder Pavan Guntupalli, said, “Rapido Auto, as a company, is deeply committed to fostering gender empowerment and inclusivity. Our journey began with the belief that transportation should be accessible, affordable, and safe for all.”
“Our future initiatives, including micro-loans, family health insurance, and reduced commissions, are a testament to our commitment. By providing financial support, we aim to empower women auto captains,” he added.
In January, it was reported that the Bengaluru-based startup had higher losses in FY22 compared to the previous year. Its losses widened to Rs 439 crore, which is 2.6 times more than before. According to the Registrar of Companies (RoC) filings, Rapido’s revenue for the last fiscal year was Rs 144.8 crore, which is a 90 per cent increase from the previous year’s revenue of Rs 75.6 crore. Additionally, the company earned Rs 13.2 crore as interest on current investments and other non-operating income in FY22.