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RAPIDO EXPANSION
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.- Vanguard marks Ola valuation down to $70 million, 99% lower from peakFunds managed by US investment giant Vanguard have slashed the fair value of ride-hailing platform Ola’s parent, ANI Technologies, to $70 m...
- ETtech Interview | Quick commerce industry unlikely to sustain as many players as today: Swiggy's Sriharsha MajetySwiggy CEO Sriharsha Majety believes the quick commerce market is overpopulated and prioritises long-term economics over market share battl...
- 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...
- Flipkart puts IPO on ice; Rapido's $240 million raiseFlipkart has hit pause on its IPO in a jittery market. This and more in today's ETtech Top 5.
- 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.
- Ola Consumer's FY25 revenue drops 42%, losses widen, as company begins prep for IPOOla Consumer is moving ahead with its IPO plans. However, its recent financial reports show a significant drop in revenue and a doubling of...
- Logistics provider Borzo appoints Darryl Dias as India head amid expansion plansBorzo has appointed Darryl Dias as its new country head for India. The logistics firm plans to expand its operations into cities like Benga...
- From setbacks to second wind, what next for Ola and Bhavish Aggarwal?Ola Electric is struggling to revive its position after a sharp fall in market share, financial stress and operational challenges. Founder ...
- JM Financial wants a deep-pocketed player to acquire Swiggy. Here's whyBrokerage firm JM Financial has downgraded Swiggy, citing concerns over its quick commerce arm, Instamart. They believe a takeover by a lar...
- Ecomm players catching up in qcomm; Iran's tech targetsHappy Friday! Ecommerce players are beefing up in the quick commerce space. This and more in today's ETtech Morning Dispatch.
- 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...
- Rapido in midst of 500-city expansion; mobility opportunity offers strong upside: Cofounder P GuntupalliRapido is expanding into 500 Indian cities, leveraging a SaaS-based model to maximize driver earnings. With 33 lakh daily rides, it dominat...
- Bike taxi startup Rapido raises Rs 250 crore from ProsusThis funding infusion is an extension of Rapido's Series E round, during which it raised $200 million, led by WestBridge Capital. Prosus jo...
- 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 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 launches on-demand p2p delivery service- Rapido BoxThe company will leverage its fleet of Captains to ensure quick and prompt deliveries across three cities - Bangalore, Kolkata and Hyderaba...
- Pawan Munjal, Rajan Anandan invest in bike taxi operator RapidoThe company has raised pre-series A round of funding led by Munjal, AdvantEdge Partners, Astarc Ventures and Tesellate Ventures, among othe...
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