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RAPIDO COMPETITION WITH UBER
Lenskart Q1 profit jumps; Tata stocks tumbleLenskart posted a strong first quarter, with profit nearly quadrupling. This and more in today's ETtech Top 5.- Uber takes bike taxis to 100 more cities in India as Rapido rivalry intensifiesThe expansion, spread across 18 states and one Union territory, will initially be driven by Uber Bike, the company’s two-wheeler offering. ...
- Logistics platform Porter logs Rs 229 crore in profit for FY26 as revenue risesPorter’s operating revenue rose 54% to Rs 6,649 crore in FY26, marking its fifth consecutive year of over 50% growth. Net profit nearly qua...
- GST on subscription ride-hailing platforms like Rapido and Bharat Taxi may hit driver earnings: ReportA new report warns that extending GST to subscription-based ride-hailing platforms like Rapido could significantly impact drivers and passe...
- Uber India head Prabhjeet Singh quits, to join as OpenAI MDUber India's head, Prabhjeet Singh, is departing after an 11-year tenure to join OpenAI as its India MD. Singh, led Uber's significant grow...
- 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, ...
- Uber still ahead despite stiffening competition, playing to win: CEO Dara KhosrowshahiUber CEO Dara Khosrowshahi asserts the company's dominance, highlighting expansion into allied businesses and India's projected rise as its...
- Uber to add two new tech centres in India: CEO Dara Khosrowshahi at Bengaluru townhallUber CEO Dara Khosrowshahi announced plans for two new tech centers in Bengaluru and Hyderabad by the end of 2027, significantly expanding ...
- 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...
- Rise & rise of Rapido; Urban Company's Rs 854 crore anchor roundHappy Wednesday! Rapido's rise has made larger rivals Uber react. This and more in today's ETtech Morning Dispatch.
- Uber not a holding company: CEO Dara Khosrowshahi on why he sold Zomato stakeUber CEO Dara Khosrowshahi emphasized India's crucial role for Uber, ranking third in mobility trips with significant driver growth. He hig...
- Rapido, not Ola, is Uber’s biggest rival in India: CEO Dara KhosrowshahiUber CEO Dara Khosrowshahi said Rapido has overtaken Ola as Uber’s main rival in India. Speaking on Nikhil Kamath’s podcast, he called Rapi...
- ETtech Explainer: Rapido’s bold challenge to Zomato, Swiggy amid sector slowdownRapido has launched a food delivery app, Ownly, in Bengaluru, challenging Zomato and Swiggy. Offering lower restaurant commissions and fixe...
- Ride-hailing firms to seek GST clarity from tax regulatorOla, Uber, and Rapido will approach CBIC regarding GST on their SaaS model following conflicting rulings from the Karnataka AAR. Some firms...
- Uber's loyalty programme in India may give it a leg up amid increasing competitionUber launched its loyalty programme, Uber One, in India, offering discounts on rides and deliveries. With rising competition from Rapido, B...
- Uber rolls out 'Uber One' loyalty programme in IndiaAlong with its parcel delivery offering, this loyalty program is offering up to 10% credits on ride-hailing for four-wheelers, three-wheele...
- Uber India lets drivers cash out earnings four times a day; rolls out upfront tipping“In India, drivers can now access their earnings from a digital trip within five seconds, giving them complete freedom and control over the...
- Ride-hailing platform Rapido drives into cab services laneThe company has been piloting cabs in Hyderabad for a few months now, and is at an “advanced test stage”, a spokesperson for Rapido told ET...
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