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RAPIDO REVENUE GROWTH
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...
- 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.
- 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.
- Swiggy Q4 revenue surges 45%, net loss narrows to Rs 800 croreSwiggy's operating revenue surged 45% to Rs 6,383 crore in Q4, with net loss narrowing to Rs 800 crore. The company is balancing growth and...
- Swiggy increases platform fee to Rs 17.58 from Rs 14.99, days after Zomato's hikeSwiggy platform fee hike: This comes days after rival Zomato hiked its platform fee by Rs 2.40 per order to Rs 14.90 before GST. Including ...
- 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.
- 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...
- Rapido FY25 revenue jumps 44% to Rs 934 crore, loss narrows 30% to Rs 258 croreBengaluru-based Rapido's net loss for FY25 came in at Rs 258 crore, down 30% from the year ended March 2024. This was mainly on a marked im...
- Dutch firm Prosus invests in Rapido, Ixigo to expand India ecosystemProsus is boosting its investments in India. The Dutch firm is becoming a major shareholder in Rapido and Ixigo. These companies will join ...
- Prosus intensifies India strategy, aims to replicate LatAm successProsus aims to deepen its B2C offerings and maximise cross-platform benefits in India by integrating Rapido and Ixigo with existing portfol...
- Rapido leads India’s mobility market, says Prosus CEO Fabricio BloisiBengaluru's Rapido has emerged as India's top mobility player, according to Prosus CEO Fabricio Bloisi. The Dutch investor, increasing its ...
- Rapido launches travel section; partners with Goibibo, ConfirmTkt, RedBusWith this, the ride-hailing major is positioning itself as a one-stop solution for digital travel users, combining daily mobility with trav...
- Rapido looks to close $550 million in financing as Swiggy ends rideOn Tuesday, Swiggy informed the stock exchanges that it is offloading its 11.8% holding in Rapido to Prosus and WestBridge Capital for abou...
- Uber’s India ambitions face latest challenge from rival RapidoRapido, an Indian ride-hailing service, is growing rapidly. It is surpassing Uber and Ola in new user acquisition. Rapido's unique subscrip...
- 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 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 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...
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