Ride-hailing app Rapido is in the midst of a 500-city expansion this year in India, a market where "vastness and depth" of mobility opportunity offers a high-growth upside, according to co-founder Pavan Guntupalli. On whether the company is eyeing an IPO in the near term, Guntupalli told PTI that Rapido is clocking healthy growth, is well capitalised and "will take a call depending on situation". The focus, for now, is on growth, he asserts. The commute app, which offers about 33 lakh rides every single day on its auto, bike taxi, and cab services expects to grow "sustainably". "We are seeing strong growth, we have already turned market leaders in the two-wheeler industry, and the three-wheeler industry. And we are also glad that in a couple of cities we operate in, we are also market leaders in the four wheeler-industry. We are currently doing the five lakh rides in cabs and expect strong growth, and this is on the back of our SaaS (software as a service) innovation," he said ...