Go Ad-Free
    My Alerts
    Moneycontrol
    Moneycontrol PRO
    HomeNewsRapido

    Rapido

    Jump to

    • Bengaluru airport pick-up rules spark backlash: Rapido, Namma Yatri warn of longer walks and higher fares

      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.

    • Bengaluru airport’s new pick-up rules affect Rapido, Namma Yatri, Shoffr and others

      Only aggregators authorised by Bangalore International Airport Limited can now pick up passengers from the kerbside, officials say

    • From Bharat Taxi to state-run mobility apps, Namma Yatri piggybacks on govt platforms

      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.

    • Government turns to domain experts as probe into Ola, Uber fare algorithm drags

      The official added that while the government is convinced 'there are lapses', any quasi-judicial action must be backed by 'robust technical findings'

    • Rapido denies involvement in Rs 331-cr money trail in bike taxi driver's account

      The driver's bank account received deposits worth Rs 331.36 crore between August 19, 2024, and April 16, 2025, according to ED officials.

    • Mumbai YouTuber injured during Rapido ride, has jaw, chin surgery. Company responds

      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

    • Bengaluru railway division onboards Rapido, Namma Yatri to set up booking kiosks at stations

      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

    • Rapido is India’s No.1 mobility company, says Prosus CEO Fabricio Bloisi

      Prosus recently invested as much as $67 million in the mobility firm, increasing its stake to around 10.2 percent, filings showed.

    • Magicpin, Rapido partner to challenge Zomato-Swiggy's food delivery duopoly

      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.

    • Accel picks up stake in Rapido as TVS Motor Company sells its shares

      Moneycontrol was first to report on September 24 that Accel was in talks to invest in Rapido along with Prosus.

    • Bengaluru app compares Ola, Uber, Rapido fares for cheapest ride: ‘Got Rs 2 crore grant from Microsoft'

      '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.

    • Zomato doesn’t need a separate app, like Swiggy’s Toing and Rapido’s Ownly, to solve for budget-conscious customers: CEO Deepinder Goyal

      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.

    • Prosus to pump $350 million in Uber rival Rapido; Accel likely to join as investor

      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.

    Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347