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.
Rapido, an Indian bike taxi operator available in about 100 cities, raises $52M Series C, bringing its total raised to $130M+
Manish Singh / TechCrunch :