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CAB HAILING COMPANIES
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...- Petrol, diesel price hike impact: From milk, onions, Blinkit deliveries to Uber fares & others, here's all that may get costlierPetrol, diesel price hike impact: Centre’s Rs 3 per litre hike in petrol and diesel prices may not feel massive immediately, but its ripple...
- Ola Consumer turns free cash flow positive in H2 FY26 post biz rejigIndia's oldest cab aggregator, Ola Consumer, has achieved free cash flow positivity in the second half of FY26, marking a significant turna...
- Lyft to buy Gett’s UK taxi business, marking its third international acquisitionLyft is expanding its global reach by acquiring the UK business of London black cab app Gett. This move significantly boosts Lyft's driver ...
- 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...
- Ola Cabs CEO Hemant Bakshi resigns; company to layoff 200 employeesOla Cabs' CEO Bakshi leaves. This comes as the firm is preparing to file draft listing papers in the next three months.
- Karnataka notifies new three-type fare structure for cabs, aggregators can pass on GSTAggregators such as Uber, Ola and Rapido will only be able to charge distance-based fares depending on the cost of the vehicle. By doing th...
- Ola Cabs Ebitda profitable; electrification, premiumisation the future: new CEO BakshiAt an ebitda level, the standalone ride-hailing business earned Rs 250 crore in FY23, Bakshi said, against an ebitda-level loss of Rs 66 cr...
- Singapore regulator raises concern on Grab plan to buy Trans-cabThe commission said in a statement that it was unable to conclude at the end of its first phase of review of the proposed acquisition that ...
- Grab to buy Singapore's third-largest taxi company Trans-CabThe acquisition would include a combined taxi and private-hire-vehicle fleet of more than 2,500 vehicles owned by Trans-Cab, they said.
- Ola plans Bengaluru EV cab service pilot with 1,000 carsOla’s rival Uber also recently started an EV cabs pilot in Delhi.
- App taxi companies ride past bad days as offices, schools openOla last week crossed the pre-pandemic levels in total business, in terms of the value of rides hailed on the platform, according to founde...
- Cab drivers run out of options to stay on road as banks starting loan recovery processFor thousands of cab drivers across the country, this means earning a profit is still not possible even if they return to the streets. “If ...
- Next pickup is London for OlaOla has been steadily expanding across the United Kingdom since its entry there in August last year.
- Fleet-tech platform MoveInSync launches its ride-hailing appMoveInSync’s service works on a model similar to those of larger ride-hailing firms Ola and Uber.
- Is Blockchain a good solution to improve safety and mobility?Cab mobility is a great candidate for blockchain technology. One issue in kick-starting this is agreeing on a software solution from severa...
- After Australia, Ola eyes the UK market“Ola is excited to announce its plans for the UK, one of the world’s most evolved transportation markets,” said Bhavish Aggarwal, chief exe...
- Ola and Uber drivers plan indefinite strikeNaik, president of Maharashtra Navnirman Vahatuk Sena, a driver union in Mumbai, close to 60,000 cabs will go off the roads in Mumbai alone.
- Karnataka government proposes cap on cab fares for Uber, OlaKarnataka has sought to put an end to the practice of ride-hailing apps such as Uber and Ola collecting a surge-price from customers.
- Meru Cabs ties up with Europe's Taxis G7, joins eCab platformMeru Cabs said it has forged a global alliance with Europe's taxi service, Taxis G7, to launch eCab in India, a move which would help the c...
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