Rapido’s growth comes as the company expands beyond its initial bike-taxi offering into auto and cab rides across several cities.
Global energy disruptions following the February 28 strikes on Iran raise concerns among gig workers dependent on LPG and CNG vehicles.
Founder Aravind Sanka says the platform aims to build a “restaurant-first model” rooted in transparency and everyday low pricing
Union Home and Cooperation Minister Amit Shah on February 5 launched Bharat Taxi, India’s first cooperative-led ride-hailing platform, after a two-month pilot in Delhi and Gujarat
Ola, Uber and Rapido drivers will go on a nationwide strike on February 7, dubbed the ‘All India Breakdown’, with ride-hailing services likely to be disrupted for several hours across major cities.
The company reduced its net loss by about 30 percent to Rs 258.4 crore in FY25 from Rs 370.7 crore in FY24, even as expenses rose with higher activity levels.
According to BIAL officials, only authorised taxi operators-KSTDC, Mega, Uber, Ola, Quick Ride, OHM Electric Cabs and WTI-are allowed to pick up passengers from the kerbside, while other operators must wait in designated parking areas.
Only aggregators authorised by Bangalore International Airport Limited can now pick up passengers from the kerbside, officials say
Moving Tech Innovations, the company behind Namma Yatri, is tapping central and state government partnerships to scale nationally as zero-commission rivals challenge its first-mover advantage.
The official added that while the government is convinced 'there are lapses', any quasi-judicial action must be backed by 'robust technical findings'
The driver's bank account received deposits worth Rs 331.36 crore between August 19, 2024, and April 16, 2025, according to ED officials.
Sonjanaa Gupta said that she has been advised bed rest for two months and clarified that her intention was not to seek sympathy but to highlight accountability gaps in app-based ride services
Rapido will set up waiting area-cum-booking kiosks at KSR Bengaluru City, Sir MV Terminal in Byappanahalli, Yeswantpur and Hoodi stations. Namma Yatri will have its kiosks at Krishnarajapuram and Whitefield
Prosus recently invested as much as $67 million in the mobility firm, increasing its stake to around 10.2 percent, filings showed.
The partnership will open up magicpin's large restaurant base for Rapido, which launched Ownly in August, and has been looking to scale beyond Bengaluru.
Moneycontrol was first to report on September 24 that Accel was in talks to invest in Rapido along with Prosus.
'If Rapido charges Rs 250, Uber Rs 271, and Ola Rs 264, Bob Rides shows all options clearly so users can click, compare, and book,' Bob Rides co-founder Ansh Arora explained.
While analysts have long debated on which approach works best, most companies are now launching seperate apps for different use cases to improve the recall in consumers' minds as cross-selling becomes more and more difficult.
As it happens, both Accel and Prosus are key investors in food and grocery delivery platform Swiggy, which just sold its entire stake in Rapido to avoid any conflict of interest.
Sources said this is a fully a secondary transaction and Rapido will raise a primary round too at a valuation of $2.7-3 billion.
The STA rejected Smart-Ride's application for failing to meet the necessary terms and conditions for operating a bike taxi service.
On August 25, Rapido was the first to resume bike taxi services in Karnataka under 'Bike Direct' after a gap of more than two months.
Prosus is also considering a deal to purchase a part of Swiggy’s stake. If that deal goes through, the total round size may increase, sources told Moneycontrol.
In a letter seen by Moneycontrol, Roppen Transportation, which runs Rapido, has told state transport department it has voluntarily adopted a temporary model limited to lead generation for bike taxis and will not be earning any profit.
The Karnataka High Court on August 22 clarified that it had not passed an order allowing bike-taxi aggregators to operate and that the state was free to act, without harassing bike owners