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RAPIDO BUSINESS MODEL
Rapido's early backers look to sell shares worth Rs 100 croreAngel investors are offloading Rapido shares worth Rs 100 crore as part of a larger $730 million funding round. Swiggy, an early investor, ...- Vanguard slashes Ola value; War chokes PCB supplyAmerican investor Vanguard has sharply cut the fair value of Ola's parent company. This and more in today's ETtech Top 5.
- Ola’s valuation crashes 99%; Snapchat India ad pushHappy Thursday! American investor Vanguard has slashed the fair value of Ola's parent company. This and more in today’s ETtech Morning Disp...
- ONDC raises Rs 220 crore from Zoho, Uber, Paytm, BSE; eyes additional capitalWhile Zoho Corporation has invested Rs 70 crore as a part of this round, Uber and Paytm have invested Rs 60 crore each. BSE Technologies ha...
- Uber CEO Dara Khosrowshahi on India bets, Travis Kalanick, jobs in the AI era & moreUber CEO Dara Khosrowshahi anticipates India becoming its largest market in a decade, highlighting dynamic growth and talent. The company i...
- Dara Khosrowshahi on Uber’s India bets, AI & jobs; Nvidia’s Simplismart betHappy Monday! Uber CEO Dara Khosrowshahi sat down with ET to discuss the company’s ambitions in (and for) India, among other things. This a...
- Groww investors make bank; Mobikwik, Fractal's Q4 profits surgeGroww delivered strong returns to early investors after the IPO lock-in expired. This and more in today's ETtech Top 5.
- US-based Accel Leaders Fund may join Rapido’s $600 million round: SourcesAlong with the two investors, Accel’s India outfit is also participating in the transaction, which includes both primary and secondary comp...
- Two-wheelers a key growth engine for Uber India: President Prabhjeet SinghUber announced entry into Indian B2B logistics space with launch of Uber Direct, powered by ONDC. Singh was speaking on the sidelines of th...
- ETtech in-depth: Rapido races to the top, keeping Uber on edgeBengaluru-based mobility company Rapido now has nearly half the share of overall ride-hailing market, with monthly active users at 50 milli...
- Rapido in talks to challenge Swiggy and Zomato in food delivery spaceSenior executives at Rapido have been meeting with restaurant owners to develop a business model that competes with the current commission ...
- Rapido to expand services to 500 citiesRapido, supported by WestBridge, plans to expand its services to 500 cities, starting with Karnataka, Gujarat, Tamil Nadu, West Bengal and ...
- WestBridge Capital-backed Rapido to ride in with services to 500 cities, up from 120 nowRapido, backed by WestBridge Capital, plans to expand its operations from 120 to 500 cities, starting February, targeting initially Karnata...
- Rapido narrows losses in FY24 as scale grows; firm says GMV surged 2.5X in Q2FY25The company also sharply narrowed its net loss to Rs 17 crore in the September quarter of this fiscal from Rs 74 crore a year earlier. It f...
- Rapido raises $200 million in funding led by WestBridge; valuation hits $1.1 billionAravind Sanka, the company's CEO, told ET that the funds will be used to expand Rapido's newly launched four-wheeler taxi service, which co...
- Rapido goes past $1 billion GMV markRapido, which launched as a bike-taxi platform, has crossed a gross merchandise value (GMV) of $1 billion on the back of aggressive expansi...
- Rapido liable to pay GST for cab services: Karnataka AARThe Bengaluru-based company is evaluating challenging the ruling, which opens it up to previous tax dues. Rapido, which originally started ...
- Rapido launches cab services in three citiesThe company aims to expand across India by the middle of next year, said Pavan Guntupalli, cofounder of Rapido.
- Bombay HC rejects Rapido’s plea seeking bike taxi licence in MaharashtraRoppen Transportation Services Private Limited (Rapido) had moved HC against a communication issued to it by the Pune Regional Transport Of...
- Swiggy in talks to invest in Rapido as part of a larger financing roundIf the investment deal goes through it will help Swiggy enhance its last-mile delivery capabilities and bolster its quick commerce ambition...
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