Indian Bike-Taxi Startup Rapido Hits $3 Billion Value, Betting Motorcycles Beat Cars in Crowded Cities

Rapido, which lets people hail motorcycle rides in India, just raised $240 million and is now valued at $3 billion. Investors believe India's traffic-choked streets and narrow roads make two-wheelers a smarter bet than car services like Uber. The model has worked before: similar startups in Southeast Asia forced international ride-hailing giants to retreat by solving local problems cars simply couldn't.