Rapido, a prominent ride-hailing startup, has impressively achieved an annualised gross order value of $4 billion. This remarkable growth is largely attributed to its core ride-hailing services, which dominate its transaction volume. Established in 2015, Rapido began as a bike-taxi service and subsequently introduced its food delivery platform, Ownly, to rival established competitors. The surge in monthly active users suggests a significant rise in new ride-hailing clientele.