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RAPIDO MOBILITY PLATFORM
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...- 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...
- Rapido raises $240 million from Prosus, WestBridge, Accel; valuation hits $3 billionUrban mobility startup Rapido has secured $240 million in a funding round led by Prosus, valuing the company at $3 billion. This raise is p...
- 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.
- Uber CEO Dara Khosrowshahi begins five-day India visit; meets finance minister Nirmala SitharamanUber CEO Dara Khosrowshahi is in India, meeting top ministers to discuss strategic investments and platform growth. He highlighted a quadru...
- 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...
- Uber says bike taxis not eating into autos; calls for 'sensible' regulationIn a blog post, Uber’s policy and research team said that in Bengaluru and Mumbai — two key markets where bike taxi services were paused fo...
- 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...
- TVS Motor to sell stake in Rapido for Rs 288 crTVS Motor Company is selling its stake in bike-taxi aggregator Rapido for Rs 287.93 crore. Agreements have been signed with Accel India VII...
- 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's food delivery app Ownly goes live in BengaluruThe company is looking to take on incumbents Zomato and Swiggy by aiming to replicate its success from the ride-hailing sector, where it ha...
- Swiggy could offload Rapido stake over conflict concernsSwiggy said it was "actively re-evaluating" its investment in urban mobility startup Rapido. The company further highlighted that Rapido's ...
- Now Delhi metro tickets will also be available on Rapido appRapido, Delhi Metro Rail Corporation, and ONDC have joined forces. Now commuters can book Delhi Metro tickets via the Rapido app. This uses...
- Nexus Venture to invest Rs 125 crore in Rapido ahead of food delivery launchRapido is also chalking out plans to enter the insurance distribution space where it could target its driver partners and customers for pro...
- Rapido to soon launch airport pool taxis to Bengaluru airportMobility players flagged excessive GST on batteries. Assets and vehicles should be efficiently utilised while creating employment opportuni...
- TVS Motor partners with Rapido to expand reach in mobility, hyper-local segmentsTVS Motor Co said its partnership with Rapido is in line with its past announcements of expanding electric product portfolio which spreads ...
- Swiggy leads $180 million funding round in Rapido, bike taxi startup valued at $830 millionTVS Motor also joins as a new investor. According to regulatory filings, Swiggy has pumped about $124 million, giving it around a 15% stake...
- 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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