#company growth

[secretstalks]

Rapido financial outlook according to Aravind Sanka

Bengaluru-based mobility startup Rapido has recently made headlines with a significant $200 million funding round, elevating its valuation to $1.1 billion and earning it a spot in the unicorn club. Co-founder and CEO Aravind Sanka has revealed that the company is on the brink of achieving cash-flow positivity, with expectations to become profitable within the next few months.

Rapido's impressive growth is underscored by its vast network of 1.7 million active monthly driver-partners, who collectively manage nearly 0.5 million orders daily across bikes, auto-rickshaws, and four-wheeler cabs. Sanka highlighted Rapido's dominance in the market, claiming a market share exceeding 40% in the two-wheeler and three-wheeler segments, positioning it ahead of competitors like Ola and Uber.

The company reported a substantial increase in revenue for FY23, reaching Rs 497.5 crore compared to Rs 157.9 crore in FY22. Despite this growth, losses also widened, from Rs 439 crore to Rs 674.6 crore, largely due to heavy investments in expansion and development. Notably, Rapido's zero-commission model for drivers continues to be a key differentiator. Drivers pay a fixed monthly fee of Rs 500 for every Rs 10,000 earned on the platform, with Sanka affirming the company's commitment to maintaining this model.

Rapido is now turning its attention to the burgeoning quick commerce sector, aiming to capitalize on the growing demand for rapid delivery services. The company currently supports last-mile food delivery for Swiggy, a major investor in its recent Series D funding round, and collaborates with ONDC. Discussions are underway with quick commerce players like Zepto and Zomato’s Blinkit to explore 10-30-minute delivery options.

The company is also leveraging its extensive fleet to support small direct-to-consumer (D2C) businesses, with plans to partner with logistics firms and work directly with various companies. On the sustainability front, Rapido is making significant strides with electric vehicles. In the NCR region, over 25% of orders are now delivered by electric vehicles, and the company aims to transition all deliveries in Delhi to electric within the next six months. Partnerships with fleet operators to develop exclusive electric vehicle fleets for two-wheelers, three-wheelers, and four-wheelers are also in progress.

Looking ahead, Rapido may consider an initial public offering (IPO) within the next two to three years as a potential step in its growth trajectory. The company's recent fundraising efforts have seen it secure close to $500 million, with WestBridge Capital leading the latest $200 million Series E round, joined by Think Investments, Invus Opportunities, and longstanding partner Nexus Venture Partners.

Ownership of Rapido's parent company, Roppen Transportation Services, as of FY23 includes WestBridge Capital with a 25.6% stake, Swiggy with 15.1%, Nexus Venture Partners with 9.7%, and Integrated Capital with 4.9%. The combined shareholding of co-founders Pavan Guntupalli, Rishikesh SR, and Aravind Sanka stands at 7.5%.

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[rubengrey]

Grow with Us: 90%+ Client Retention & Lasting Partnerships

Businesses are exploring opportunities digitally now, more than ever. Be it startups or industry rulers, all kinds of businesses are aggressively focusing on online presence and growth because the growth opportunity is infinite. Through mobile apps, social media, and search engines, one can reach their target audience from anywhere in the World.

The statistics show that there will be 6.4 billion global smartphone users by 2029, and there will be 7.7 billion mobile network subscribers by 2028. As a result, the number of users and potential audiences will increase, and businesses will grow. In 2023, the global app industry was estimated to be worth $228.9 billion. From 2024 to 2030, it is expected to increase at a rate of 14.3%.

This is an indication of the growth of demand for innovative and user-centric mobile app development services. Mobile app development for startups and large companies will rise. In the fast-paced World of mobile app development, staying ahead of the curve is essential.

The market is highly competitive, therefore you must select the right mobile app development company and it is vital for your app's success, both at launch and in the long run. You must partner with a company that has capabilities and has the expertise, talent, and dedication to turn your app idea into a reality. 

We are a company building mobile apps for a lot of companies worldwide. Flutter Agency is a leading tech company that delivers world-class digital solutions through smooth processes. With over 5+ years of experience in mobile app development and technology as a whole, we are recognized as one of the top mobile development companies. 

At Flutter Agency, we are committed to creating exceptional value for our clients by utilizing our expertise and recommending the most suitable solutions. Our services, like mobile app development for startups, UI/UX Design, and healthcare app development, have a designated team of experts who are specialized in their niche.

Committed to Amplifying Your Mobile App Success

We are committed to supporting you in your mobile app development journey to grow your business manifolds.

We are a dedicated team of developers specializing in building diverse applications and software using the Flutter framework. Our mission is to enhance cross-platform functionality while delivering exceptional value through cost-effective strategies. Integrating AI tools into our process amplifies our mission, providing even greater value to our partners.

With this strategy we have established ourselves as one of the top Flutter App Development Companies. We can develop your mobile application by combining the best features from Flutter and AI. Your clientele is our first priority. And, with this approach we have completed over 150+ projects till date. Promising on big projects is a bit challenging sometimes, but our skilled team has been delivering excellent quality on time.

We are your trusted partners in continuous growth. Our support and commitment towards you and your application does not end right after project delivery; we have a specialized team that stays in touch with you. This team ensures that you are getting the right updates, support and suggestions to keep you at the top. 

How do we Foster Long-Term Relationships with Our Clients?

Sustaining Your Growth

We always stand by you if you face challenges on your way to mobile app development. We provide helpful insights, upgrades, and continuous support to ensure continued success and growth.

Communication is the Key

We believe in direct and straightforward communication rather than beating around the bush. Effective collaborations are built on open and honest communication. You may anticipate direct communication when you select us for custom mobile app development services for startups. By eliminating confusion and providing straightforward, accurate information, we promote a sincere and fruitful working relationship. Our priorities are your confidence and comfort.

From Ideation to Execution 

We understand that ideas only truly have worth when carried out well. Using our experience, we carefully convert your creative ideas into Minimum Viable Products (MVPs). This method combines in-depth research, strategic planning, and agile development to ensure your vision is realized. By selecting our services, you get a devoted partner who will work to transform your concepts into solutions. 

Comprehensive Technical Services for Startups and Market Leaders

Along with mobile app development for startups and market rulers, we provide 360-degree technical services. For example:

Flutter Web App Development Services

At Flutter Agency, we create versatile and feature-rich web apps that set you apart. Our skilled Flutter developers are well informed about the latest technologies and Flutter's capabilities. From conceptualization and coding to testing and deployment, we provide comprehensive Flutter web app development services for your specific needs and target audience.

For total control over your business, you can consult and hire our skilled Flutter developers to create custom admin dashboards. We create dynamic dashboards suited to your requirements and provide comprehensive analytics and real-time data visualization. Our data-driven solutions can help you increase productivity and optimize your operations.

Utilizing the talented Flutter developers at Flutter Agency can improve your current team and accelerate development. Whether you need a single developer or a whole team, we have four customizable hiring methods to meet your needs. Whatever your development needs are, we can meet them.

Healthcare App Development Services

We have a capable team that can provide customized healthcare app development services. We have bespoke solutions for the varied requirements of healthcare institutions and hospitals. Our healthcare app development services effortlessly integrate custom workflows, patient data collection, and internal organization features to create a compelling and personalized solution.

Our experts can build telemedicine applications for your healthcare business. We can customize your application even on a tight budget. We adhere to the deadlines very strictly; therefore, we are committed to delivering projects right on time. With the latest technology, telemedicine applications are advanced and user-friendly. 

We provide innovative pharmaceutical app development with an outstanding return on investment. Our apps have functions for placing orders, tracking shipments, managing patient prescriptions, and paying suppliers. We also develop specialized apps to help pharmaceutical business administrators handle their operations more efficiently.

After-Sales Services - Maintenance and Support

Our dedication to you continues after the app's release. We offer complete after-sales services, including maintenance and support, to keep your app current and functional. Our dedicated workforce quickly resolves any technological problems and applies the necessary fixes to boost security and performance.

Wrapping Up

When you work with us, you get constant support that changes to satisfy your ever-changing requirements and keeps your app functional. This regular maintenance adds to your long-term success by protecting the value of your app.

We agree that honest communication and teamwork are powerful tools. Working directly with you helps us fully understand your goals, issues, and vision. This makes it possible for us to offer customized solutions that are exactly what you need. Our development methods guarantee responsiveness and flexibility, allowing us to easily adjust to your changing needs.

Apart from our technological proficiency, our post-purchase services provide continuous assistance and upkeep, guaranteeing that your application stays current and operational. We take aggressive measures to resolve problems, apply updates, and offer improvements so your app remains competitive in the ever-growing digital market.

Choosing us means selecting a partner committed to your development and achievement. Our commitment lies in creating lasting relationships through mutual growth, quality, and trust. If you want to build your mobile app with Flutter Agency, we will happily help and participate in your growth story. We are always ready and proactive to help you leave a mark digitally. To learn more about Flutter Agency and the team in detail, please contact us.

[newsblog12]

Winning the Buy Box: Tips for E-commerce Marketplace Success.

The “Buy Box” — is a term that has become the Holy Grail for e-commerce sellers on platforms like Amazon, eBay, and others. Winning this coveted position can be the difference between soaring sales and mediocrity. But what does it mean to win the Buy Box, and how can you optimize your chances? Let’s dive in.

Understanding the Buy Box

The Buy Box is not just a mere feature on e-commerce platforms; it’s the nucleus of many purchasing decisions. When customers browse products, particularly on sites like Amazon, the Buy Box is the default option they see for purchasing. It’s a rectangular box on the right side of the product listing, and it contains the “Add to Cart” or “Buy Now” buttons. Multiple sellers can offer the same product, but only one gets the prime position in the Buy Box. This distinction means that the seller who “wins” this position often secures the majority of sales for that product.

Why is Winning the Buy Box Essential?

Increased Visibility:

The Buy Box guarantees prime digital real estate. It’s the first option buyers see, making it the most clicked choice. In essence, it acts as a spotlight, highlighting a particular seller’s offering amidst a sea of competitors.

Higher Sales:

Data suggests that over 80% of Amazon sales occur through the Buy Box. This percentage skyrockets when considering mobile users, where the Buy Box is even more prominent due to screen constraints.

Trust Factor:

The Buy Box isn’t just about visibility; it’s a mark of endorsement. Customers tend to associate the Buy Box with trustworthiness, assuming that the platform has vetted and approved the highlighted seller.

Strategies for Winning the Buy Box

Price Competitively:

The allure of the lowest price is undeniable. But the Buy Box doesn’t merely favor the cheapest option. It considers the value. This nuance means sellers should strive for competitive pricing that still maintains a perceived value. Dynamic pricing tools can help track competitors and adjust prices automatically.

Maintain Strong Seller Metrics:

Reputation matters. Platforms like Amazon use a seller’s historical performance to determine their suitability for the Buy Box. This evaluation considers factors like order defect rate, cancellation rate, and late shipment rate.

Offer Prime or Fast Shipping:

Modern consumers are impatient. They prize quick shipping, and so do e-commerce algorithms. Offering prime shipping or ensuring rapid delivery can significantly elevate a seller’s Buy Box potential.

Stay Stocked:

Availability is paramount. If a seller runs out of stock, their chances plummet. Regular inventory checks and employing inventory management tools can keep this in check.

Optimize Product Listings:

Beyond the backend logistics, the front-end presentation is pivotal. Clear, high-resolution images, compelling descriptions, and a thorough list of features can engage potential buyers and the platform’s algorithms.

Consider Using Landed Price:

Consumers don’t just look at the product’s price. They calculate the total cost, including shipping. A competitive landed price, which combines both elements, can be more appealing than a low product price with high shipping costs.

Respond Quickly to Customer Queries:

Engagement can distinguish a seller. Quick, informative responses signal reliability and dedication, attributes e-commerce platforms value.

Challenges in Securing the Buy Box

Platform Algorithms:

The precise algorithms platforms use for the Buy Box remain proprietary secrets. This obscurity means sellers must continually adapt and adjust their strategies based on observed outcomes and best practices.

Fierce Competition:

As e-commerce burgeons, more sellers flood the market. Each one vies for the Buy Box, making the competition incredibly stiff. Continuous refinement and innovation are essential to stand out.

Case Study: ABC Electronics

ABC Electronics’ journey from obscurity to Buy Box dominance illustrates the importance of adaptability. Despite competitive pricing, they initially failed to clinch the Buy Box. Their introspection revealed that prolonged shipping times were the culprits. Switching to Amazon’s FBA (Fulfillment by Amazon) not only expedited deliveries but also imbued their offerings with prime shipping, an attractive prospect for buyers. The results were immediate and staggering. Their Buy Box appearances surged, bringing a 60% uptick in sales, validating the importance of understanding and adapting to platform nuances.

Conclusion

The Buy Box is more than a feature; it’s a potent e-commerce tool. Its impact on sales and visibility is unparalleled. However, winning requires a blend of strategy, responsiveness, and adaptability. In an evolving digital marketplace, sellers must prioritize customer experience, stay attuned to platform changes, and continuously refine their approach. Only then can they consistently win the Buy Box and ensure sustained e-commerce success.

This in-depth breakdown offers a comprehensive understanding of the Buy Box and its significance in e-commerce success. Integrating these insights can empower sellers to strategize effectively and maximize their online potential.

https://www.arcotgroup.com/

[westeckwindows]

It's #ThrowbackThursday!An aerial view of our Window manufacturing plant and Head Office in Chilliwack from 2007, and now at 2023.  The top photo was taken before the bridge was built over Luckakuck Creek and Eagle Landing was developed.  

[lunacelebrateslife]

[doghart]

i’m catching up on tsv, i think something that eskew prod does extremely well is using horror absurdism to capture the absurd horror of capitalism. it’s clear in eskew too, but i think it’s especially fantastic in the silt verses. the casualness with which sacrifice is discussed. how red lobster has a god that has and continues to take human sacrifice, and so do cereal companies, cops, and the grueling start up that has a “fun room”. it captures EXTREMELY well how it feels to live under capitalism, that you’re constantly bombarded with horrible things, discussed cheerily in a nice tone. the way it’s simultaneously numbing, hysterical, and horrifying. i think i was especially fond of how in ep 39, protest against sacrifice was taken as radical, a propostorus, idealistic thing that’s just so SILLY it’s not even worth considering, something that feels very real to revolutionary organizing/protest irl. i also liked how despite the face, when everything gets down to it, when everything is about profit, all people come down to are bodies. all capitalism is a gaping maw, and it eats the poor and marginalized first, but doesn’t STOP eating just there. the very literalized version of this, where the profit wheel (and all that includes— war mongering, the prison industrial complex, wage labor, etc) is given a very real literal set of teeth, but the body count is the same. so the electric company has a god, and so it takes humans sacrifice. do real electric companies not have a very real human cost? overworked and underpaid labors looking to make rent, or well off comfortable employees no less likely to get the axe under profit margins, or the blood shed when colonizing in the first place, in clearing the space for the electric company to move in. is that not also a very real human sacrifice? the commercial aimed at elderly people talking about “back in my day, we would just talk about all this human sacrifice and find a compromise :)” is so bleakly hysterical, but is that not very accurate? that you can put a good face on it, but in the end what it comes down to is that you’re being sold the chance to be human fodder? that there is no glory or honor on a battlefield or in working yourself to death, just mud and shit and bodies to throw at problems. idk! i’m rambling but it’s a deeply engaging podcast.

[welcometogrouchland]

[ID: a digital sketch of Eda and Raine from the owl house. They're in their designs from watching and dreaming, pre epilogue. Raine holds out their arm for an injection (given by a disembodied hand and labeled "magic rabies shot") and Eda lays a hand on their shoulder and leans her head on theirs. She says "you're doing great Raine! how'd you get rabies tho?". Raine stares dead eyed at the viewer as a thought bubble connected to them shows Belos biting down on their arm. End ID]

I was gonna post a request today but I feel like it's gonna flop and this is funnier. So request tomorrow, Raine Whispers Rabies doodle today

[detective-shirogane124]

The fact these two's first interaction was Heath bashing Sinclair's head in, this makes me so giddy. I genuinely love seeing Heathcliff's gradual growth over the course of this game.

[markantonys]

THE WHEEL OF TIME | 1x06 → 2x06 → 2x08

[smokewars]

im just saying i think its interesting that despite how ultimately bleak, selfish and cruel the city and its residents are - its still extremely common for people (mainly fixers) to work together. and yeah i know its because there's strength in numbers, but at the same time a lot of those people get attached to others in the offices or syndicates they work in. they celebrate together, go drinking together and some of them even fall in love with each other. despite everything, there's still love and companionship to be found in that hellish world

[rubengrey]

Build Lasting Partnerships: 90%+ Retention & App Growth

Experience how our 90%+ client retention drives mobile app development success. Partner with us to grow your business and build lasting success together.

[originallymarysue]

Silly theory: SMG34 becomes canon in Wotfi- (suddenly tons of bullets glide through my body as my body becomes mutilated by a firing squad)

[stagefoureddiediaz]

I'm just going to sit over here quietly and point out that the space theming around Christopher continues.

The green galaxy dust hoodie we get to see in the promo shot is making me so happy

Space themeing and green 😍😍😍

[discodummy]

Going through my Snapchat friends and messaging apps and blocking or cutting things off with people wasting my time/leading me on.

Necessary pruning, even if it’s a little sad for me