Rapido

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.

Swiggy to sell its entire Rapido stake for Rs 2,400 crore to Prosus and Westbridge Capital

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.

Ola, Uber, Rapido get provisional licences for bike taxi services in Mumbai

The STA rejected Smart-Ride's application for failing to meet the necessary terms and conditions for operating a bike taxi service.

Karnataka bike taxi row: After Rapido, Uber launches 'Bike Direct'

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 eyes additional stake in Rapido with $200 million investment

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.

Bike taxi row: Rapido turns interim facilitator of two-wheeler mobility in Karnataka, won't earn profit

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.

Karnataka bike taxis: Rapido rolls out ‘Bike Direct’, Uber and Ola halt services again

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

After two months, Rapido and Uber resume bike taxi services in Karnataka

Bike taxi services were banned in Karnataka since June 16. Moneycontrol on August 21 found that Rapido and Uber were showing bike taxi options and accepting bookings.

Rapido's standalone food delivery Ownly goes live on Play Store

The app’s landing page, similar to that of Swiggy, has a purple backdrop. The app focuses on food items that are priced below Rs 150. In fact, most of its north Indian food items, like chapati, rice, eggs and others are all priced below Rs 100.

Rapido’s food delivery offering to go live in Bengaluru’s Koramangala, HSR and BTM Layout

The zero-commission platform, called Ownly, will be available on the App Store and Play Store this week, offering offline-equivalent prices and a flat delivery fee for restaurants.

Maharashtra minister clarifies after Opposition alleges 'blackmail' over Rapido sponsoring son's event

In July, Maharashtra's Transport Minister Pratap Sarnaik directed action against Rapido for operating in Mumbai without permission.

Swiggy looks to net Rs 2,500 crore from Rapido stake sale

Swiggy looks for a 2.5X return on investment in just over three years. Rapido is being valued at Rs 23,000-26,000 crore ($2.7-$3 billion), a 2.5X jump in valuation in a year’s time, on the back of 120% growth in scale, sources told Moneycontrol.

Swiggy to sell its 12% stake in unicorn ride hailing startup Rapido

Swiggy's move comes at a time when its cash reserves are depleting and its losses are widening in an increasingly competitive market.

Re-evaluating our investment in Rapido: Swiggy on ride hailing platform's entry into food delivery

Swiggy owns a minority stake of nearly 12% in ride hailing platform Rapido.

Swiggy says it is actively re-evaluating its investment in Rapido over potential conflict of interest

Swiggy invested in Rapido in 2022 and holds a stake of around 12 percent in the company which translates to around $120 million (about Rs 1,020 crore) at the current valuation of slightly over $1 billion (around Rs 8,500 crore).

Rapido passenger records her own accident during ride, company responds. Video

The Rapido user recounted several incidents where the driver alarmed her. She initially asked for a helmet, to which he replied there was 'no need to wear it,' noting he himself wasn't wearing one.

Do not see any innovation in food delivery; Business not under any obvious threat: Eternal’s Deepinder Goyal

While Goyal did not take names, he was likely referring to Rapido’s foray into food delivery. The Swiggy-backed company is set to expand food delivery offerings in Bengaluru and other cities with an aim to disrupt the Zomato and Swiggy duopoly.

Drivers' insurance on ride-hailing platforms falls short in implementation

Despite the legal requirement, many drivers remain unaware of such coverage, and even those who are aware often lack access to formal policy documents or clear instructions on how to make a claim, say experts.

Bengaluru Metro onboards ONDC; tickets available on Telegram, Namma Yatri, Rapido, others

The expansion of digital ticketing options is part of a broader effort to integrate first, middle and last-mile connectivity within a single ecosystem, officials said

Motor vehicle aggregator guidelines cap surge pricing, penalise cancellation by drivers, riders

The Motor Vehicle Aggregator Guidelines, 2025, mandate 80% fare to drivers. From fare caps to stricter driver checks, here’s how MVAG 2025 will reshape the ride-hailing game.

Ola, Uber, Rapido rides set to get expensive during peak hours as Centre revises rules

The move is likely to hike the cost of travel at a time when some states are enforcing a strict fuel ban on old vehicles, adding to anxiety over rising cost pressures

Stranded by bike taxi ban in Bengaluru: A first-person account

Here’s a first-person account by a Moneycontrol correspondent who regularly used bike taxis before the ban came into effect on June 16

Relief for Rapido, other bike taxi operators as Centre’s aggregator guidelines 2025 permit shared mobility; states to take final call

The Motor Vehicle Aggregator Guidelines, 2025, allow states to permit non-transport bikes for shared mobility to ease traffic, cut pollution, support deliveries, offer affordable rides, and boost livelihoods.

Driver fee, pickup fee, congestion fee: Bengaluru ride-hailing users hit hard by add-on charges

Karnataka transport secretary NV Prasad told Moneycontrol that the government has received complaints of fare hikes by app-based autos after the bike-taxi ban and will take strict action.

Bengaluru Metro users can soon book tickets via Rapido, other mobility apps

BMRCL officials say they are integrating more mobility apps through Open Network for Digital Commerce (ONDC) platform to enable seamless end-to-end journey booking