News > Rapido losses widens 2.6X to Rs 439 Cr in FY22

Rapido losses widens 2.6X to Rs 439 Cr in FY22

Bengaluru-based Rapido's losses widened 2.6X in FY22 to Rs 144.8 crore, compared to Rs 75.6 crore in FY21. According to the Registrar of Companies (RoC) filings, Rapido's revenue stood at Rs 144.8 crore during the last fiscal year, while the company also earned Rs 13.2 crore as interest on current investments and other non-operating income in FY22. Rapido also paid out infrastructure and software charges of Rs 24.96 crore, which catalysed its total expenditure by 2.3X to Rs 597 crore in FY22.