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RAPIDO LOSS
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...
- 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...
- 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...
- 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...
- 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...
- 'Din me employee, rat me Rapido drive': Watch viral video of a father who works for 15 hours to pay Rs 20 lakh loan EMIsAn Indian father works over 15 hours daily, juggling a day job and gig work to manage loan EMIs. The video shows him returning home late, p...
- Actor who worked with Naseeruddin Shah’s wife turned to farming but ended up with Rs 2 crore debtRajesh Kumar has shared that he is gradually recovering from the Rs 2 crore debt he incurred after his farming venture failed during the pa...
- 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 ...
- Warren Buffett's Quote of the Day: Legendary investor's brutal truth on about reputation everyone should know. 'It takes 20 years to build a reputation and five...'Quote of the Day by Warren Buffett: Warren Buffett, one of the most successful investors of all time, said in one of his quotes that it tak...
- Harvard liver specialist names top three best snacks to reverse fatty liver and the last one may surprise youFatty liver best snacks: Harvard liver specialist Dr Saurabh Sethi has named three powerful snacks to help reverse fatty liver and these in...
- From ₹40 Lakh Pay to Rapido Driver: Techie who bought ₹1.4 cr flat 2 year ago now struggles to pay ₹95k home loan EMI after layoffA former techie, once earning ₹40 lakh per annum salary, now drives a bike taxi to manage a ₹95,000 monthly home loan EMI after losing his ...
- 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...
- 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...
- 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 posts wider FY23 loss, threefold growth in revenueRapido competes with the likes of Ola, Uber, Blusmart, Indrive, Shoffr and Namma Yatri in the Indian ride-hailing space. In FY23, Ola Cabs'...
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