Rapido Co-Founder Pavan Guntupalli Reveals 70 Lakh Jobs Created and Unicorn Status at Moneycontrol Startup Conclave

Pavan Guntupalli, co-founder of Rapido, gave an exciting report from the Moneycontrol Startup Conclave in Bengaluru. He talked about some big steps that the ride-hailing giant had taken. Rapido says it has created an amazing 70 lakh (7 million) jobs over the course of its nine-year history.

Guntupalli spoke at the event and talked about Rapido's fast growth and big goals. "In the past nine years, we've already made about 70 lakh jobs." "Every month, we're adding about 1.5 lakh new jobs," he said, stressing that the startup was still committed to creating more jobs. He also gave hints that this number might go up in the future, which shows that Rapido is focused on growing and creating more jobs.

In other news, Guntupalli said that Rapido had hit a big milestone by finishing one billion rides across the country. This accomplishment shows that the startup has a strong foothold in the market and a growing user base. But Guntupalli wasn't just sitting back and relaxing; he talked about how Rapido is always working to improve its service. The value statement we made six months ago might not be true anymore, he said. "So we need to keep changing." Rapido's plan to build long-term customer trust is based on this commitment to changing and coming up with new ideas.

Rapido recently became one of the first "unicorn" startups when it raised $120 million (over Rs. 1,000 crore) in funding. Rapido is now worth $1 billion after this investment, which was led by current investor WestBridge Capital. This important milestone not only shows that investors are confident, but it also gives Rapido the money it needs to continue its growth and innovation goals.

The fact that Rapido has been named a unicorn shows how successful its business model is and how much of an effect it has had on the Indian ride-hailing industry. Rapido is in a great situation to keep growing and becoming more influential in its field because it is focused on creating more jobs and making the user experience better.

Rapido is likely to keep putting a lot of effort into changing all the time to meet the needs of its users and making more jobs available as it goes forward. The things Guntupalli said at the conclave are very encouraging for Rapido's future and show how dynamic the Indian startup environment is.

The latest news from Rapido shows how startups can grow quickly, make big impacts to the economy, and change with the times. Rapido will need to make the most of the next few years if it wants to build on its current successes and stay ahead of the competition in the ride-hailing business.

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