Sources: Uber and Rapido discussed merging their India ride-hailing operations in May; talks collapsed after disagreements over the proposed deal's structure
Sources: Uber and Rapido discussed merging their India ride-hailing operations in May; talks collapsed after disagreements over the proposed deal's structure
Uber and Rapido discussed merging their India ride-hailing operations in May, sources told us. Talks collapsed after disagreements over the proposed deal's structure.
US SEC filing: Vanguard marks down Ola Consumer's valuation to ~$70.3M; Ola, which faces intense competition from Uber and Rapido, was valued at $7.3B in 2021
US-based asset management firm Vanguard has sharply marked down the valuation of ride-hailing company Ola Cosumer to approximately $70.3 million …
Indian ride-hailing app Rapido raised $240M led by Prosus as part of a broader primary and secondary financing transaction, valuing Rapido at $3B post-money
Ride-hailing platform Rapido, operated by Roppen Transportation Services Private Limited, on Friday announced that it has raised $240 million …
Sensor Tower: in July, Rapido had nearly 50M MAUs on Android in India, above Uber's 30M; Rapido has a nearly 30% share in four-wheeler cabs and Uber has ~50%
much of it from Ola, but Uber is starting to feel the heat. [image] Pranav Mukul / @pranavmukul : 🚕Important today for @ETtech: When Uber CEO Dara Khosrowshahi called Rapido the “tougher competition i...
India-based ride-hailing app Rapido starts testing its food delivery service Ownly in Bengaluru, marking its first serious move to challenge Swiggy and Zomato
Jagmeet Singh / TechCrunch :
How Namma Yatri, an open-source ride-hailing app, forced Uber, Ola, and Rapido to adopt its no-commission, subscription model for auto-rickshaw drivers in India
Namma Yatri, launched by a SoftBank-backed fintech firm, pioneered the zero-commission model. Now other ride-hailing apps are rethinking their strategy.
Industry executives say Rapido has a 20% ride-hailing market share in India's four-wheeler segment, Uber has ~50%, and Ola holds most of the remaining 30%
The Economic Times :
Indian bike taxi startup Rapido raised $200M at a $1.1B valuation led by WestBridge and plans to expand its newly launched cab-hailing service
The Economic Times :
Rapido, whose bike taxi service is available in about 100 Indian cities, raises a $180M Series D led by Swiggy, at a $800M valuation
Swiggy has led a $180 million financing round into bike taxi startup Rapido as the Indian food delivery giant looks to broaden its fleet network across the country, the two firms said on Friday.