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BIKE SHARING STARTUP
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, ...- Six must-watch Malayalam movies on OTT for a quick trip to Bangalore's techie culture and city life: Lokah Chapter 1: Chandra to Bangalore DaysMalayalam cinema has consistently featured Bangalore, a city integral to Malayali life, as a backdrop for stories of college, careers, and ...
- Ola Electric eyes commercial EV launch for gig workers amid quick commerce boomSources said the company received approval for the new vehicle in early February and is expected to launch the model in the coming quarters.
- 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...
- 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...
- Gold loan startups find new shine; Infy Q4 profit jumpsHappy Friday! Gold loan fintechs are moving towards building their own loan books. 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...
- An electric motorcycle startup founded by an ex-Tesla engineer plans for some disruption in e-mobilityThe bike will be a mid-premium motorcycle variant running on 200 cc with a top speed of 135 km with NMC, the high voltage battery. It will ...
- Anand Mahindra applauds IIT Bombay students for creating world's first foldable diamond frame e-bikeAnand Mahindra, chairperson of the Mahindra Group, has praised a group of IIT Bombay students for creating the world's first foldable diamo...
- Hero Electric ties up with startup eBikeGOeBikeGo will procure these Hero Electric bikes through the next financial year with the first batch of 120 already delivered to the startup.
- Uber leads $170 million investment in bike-sharing startup LimeThe two firms previously had an agreement allowing users to find and rent bikes and scooters with either of the applications.
- Scooter-sharing companies need new rules to connect the last mileROADBLOCK: Existing rules do not address the use of such vehicles for point-to-point commuting.
- Mobility startups attract big bucksAnother area seeing investor action is car & bike pooling, where Quick Ride is learned to have got around $15 million from Naspers.
- In the two-wheeler sharing market, electric scooters are getting hotBike-sharing is seen as the best solution to solving the last-mile connectivity gap associated with public transport.
- Bike-share pioneer Ofo flirted with bankruptcy as cash dried upDai, a Peking University PhD dropout, founded Ofo in 2014 with four other students and built their cycling project into a company that oper...
- Metro Bikes rebrands itself as Bounce post Rs 84-crore fundingThe Series-A investment was led by Sequoia India and Accel Partners, along with a consortium that includes Raghunandan G, founder of TaxiFo...
- Omidyar Network, Sunil Munjal in talks to invest in MetrobikesMetrobikes first raised Rs 5 crore in a seed round in 2015. Metrobikes, originally called ‘Wicked Rides,’ launched as a premium motorcycle ...
- Ola leads $7 million round in bike-sharing company VogoThree-year-old firm draws in marquee investors like Stellaris Venture Partners & Matrix Partners.
- Bike-sharing startups go the last mileFounders say unsafe roads, lack of cycle lanes and hostile weather are not obstacles to getting people pedalling; 10 apps have been rolled ...
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