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RAPIDO SAAS MODEL
Industry body says GST reducing drivers' net earnings; to approach FinMin to re-look at tax structureOnline ride-hailing platforms face challenges with current GST rules. The Internet and Mobile Association of India, IAMAI, has written to t...- GST on ride-hailing: Karnataka AAR says may recall ruling on Namma YatriThis follows Bengaluru-based Juspay hiving off the cab-hailing business to a subsidiary, Moving Tech Innovations. The AAR said the company ...
- Why the ride-hailing industry moved away from commission-based modelsThe ride-hailing industry has traditionally operated on commission-based models, where platforms take a percentage of each fare as revenue....
- Ride-hailing firms to seek GST clarity from tax regulatorOla, Uber, and Rapido will approach CBIC regarding GST on their SaaS model following conflicting rulings from the Karnataka AAR. Some firms...
- Taxi apps renew GST plea; PharmEasy founders start up againHappy Monday! Ride-hailing firms plan fresh appeals to the indirect tax department over GST on subscription-based services. This and more i...
- Rapido’s fresh funding; Starlink’s gotcha momentRapido has bagged fresh capital from an investor ahead of its food delivery rollout. This and more in today’s ETtech Top 5.
- Top tech and startup stories this weekWelcome to a new edition of ETtech Unwrapped – our weekend newsletter packed with the most important stories this week. Let’s take a look.
- ETtech in-depth: Ride-hailing on a rollercoaster ride with sharp twists, turnsIndia's ride-hailing market has seen major changes in the last 12-15 months, with Rapido gaining a 20% share, while BluSmart and Ola lose g...
- Deepinder Goyal’s aviation bet; Rapido’s food delivery planDeepinder Goyal is investing in LAT Aerospace, marking his second venture outside Zomato. This and more in today’s ETtech Morning Dispatch.
- Rapido in midst of 500-city expansion; mobility opportunity offers strong upside: Cofounder P GuntupalliRapido is expanding into 500 Indian cities, leveraging a SaaS-based model to maximize driver earnings. With 33 lakh daily rides, it dominat...
- Amazon enters qcomm with Now; China’s AI frenzyAmazon is officially in the quick commerce arena, with its service available in parts of Bengaluru. This and more in today’s ETtech Morning...
- Freshworks sees growth; Prosus’ Rapido rideNasdaq-listed SaaS company Freshworks reports strong revenue growth in the fourth quarter, reaching $194.6 million. This and more in today’...
- GST on rides: Platforms, unions push for review of levy on SaaS model as CBIC escalates it to GST CouncilThe GST Council delays a decision on the GST levy for ride-hailing apps. Companies and driver unions seek clarity on the SaaS model's tax i...
- Ola, Uber roll out subscription-based plans for auto driversAdopting Namma Yatri, Rapido model may help platforms bypass 5% GST on auto rides. Ola has released its subscription model over the last fe...
- Drivers land better incentives in a crowded ride-hailing spaceRapido has introduced a subscription fee model for its driver partners on cabs and autos, doing away with the old structure of commissions ...
- Macquarie downgrades Paytm; IT headcount drops againGlobal brokerage Macquarie has downgraded Patym’s stock and slashed its target price following the recent action by the central bank. This ...
- Ride-hailing platform Rapido launches SaaS model for auto servicesIn the three-wheeler segment, Rapido competes with Namma Yatri, which launched its zero-commission services in Delhi. Namma Yatri raised $1...
- Rapido launches cab services in three citiesThe company aims to expand across India by the middle of next year, said Pavan Guntupalli, cofounder of Rapido.
- ET Startup Awards 2022: Exotel’s resilience makes it winner in the Comeback Kid categoryOne of the jury members remarked that the opportunity of cloud telephony and the customer engagement puzzle that Exotel was solving will le...
- ET Startup Awards 2022: Nominees for Comeback KidThis award celebrates failure and recognises those who have survived to tell the tale. It will be given to entrepreneurs who rebuild or lau...
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