Meet man who studied at IIT, faced over 70 rejections, now owns Rs 93500000000 crore empire, name is…, his business is…
After the academic period of perfection, he successfully cleaned the highly competitive IIT-LEE exam and enrolled in IIt Kharagpur, whom he received his bachelor’s degree.
In the midst of a large number of IIIT success stories that result in high -profile positions in global technology companies, some graduates prefer a different way by establishing extraordinary businesses. A main example is Pavan Guntrupalli, the founding partner of Rapido, which serves as an important source of inspiration from the first setbacks to victory.
Who is Pavan Gundupalli?
Pavan Guntepalli, born in TaLangana, has exhibited a remarkable ability especially in computer programming and stock trade from an early age. After the academic period of perfection, he successfully cleaned the highly competitive IIT-LEE exam and enrolled in IIt Kharagpur, whom he received his bachelor’s degree.
Pavan Guntıpalli’s Carrer
After graduation, Pavan Gundipalli started his professional career in Samsung and gained valuable experience in the technology sector. He founded “Thekarrier”, which was directed by entrepreneurial requests and eventually a logistics attempt next to his friend Arvind Sanka. Despite his innovative approach, Thekarrier faced significant challenges and ultimately solved.
How did Rapido click Pavan Guntrupalli?
Pavan Guntrupalli, who is not affected by this mishap, launched Rapido, a bicycle swap, designed to provide affordable and accessible transportation options, including bicycle drives and automatic checks for individuals looking for fast and cost -effective travel solutions. However, the security of financial support has been proven to be a war uphill. Pavan Guntıpalli endured countless rejection by expressing skepticism about the capacity of 75 investors Rapido to compete with established industrial leaders such as Uber and Ola.
What was the turning point of Pavan Guntıpalli?
The turning point came when Hero Motocorp’s president Pavan Munjal recognized Gundupalli’s potential in his concept and provided financial support to Rapido. Munjal’s investment paved the way for other investors and led to the official launch of Rapido in 2016.
First of all, Rapido adopted a different strategy, unlike Ola and Uber, which focuses on the metropolitan areas of India. Pavan and his team focused on the level 1 and level 2 cities, where the difficulties of going and go to work are important and often ignored. Initially, Rapido adopted the pricing strategy of a 15 RS basic wage and 3 RS per kilometer, which creates difficulties for profitability, although it is affordable. With constant effort and innovation, Rapido has currently expanded its activities in India that serve more than 100 cities. The Rapido application has exceeded 50 million downloads on Google Play and Apple Store platforms, about 7,00,000 active users and 50,000 riders known as “Captain”.
Rapido’s success
Now, Rapido operates in more than 100 cities, 5 Crore has exceeded download downloads and facilitated thousands of driving a day. What started as a disappointment with traffic turned into a groundbreaking idea in urban transportation. Pavan Guntıpalli’s journey emphasizes that success is defined by securing this important “yes”, not by failures.
Currently, Rapido is a significant RS 6,700 Crore. Swiggy, a commonly used food distribution platform, is an important investor in Rapido and contributes to the company’s annual income exceeding 1,370 RS.
