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The official added that while the government is convinced 'there are lapses', any quasi-judicial action must be backed by 'robust technical findings'
Prosus recently invested as much as $67 million in the mobility firm, increasing its stake to around 10.2 percent, filings showed.
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.
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.
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.
Guntupalli said Rapido alone accounts for 5 lakh rides in the state, creating 1.5 lakh daily jobs, and that an estimated 8 lakh rides happen in the state across players
For many commuters, the in-app tipping trend feels like digital déjà vu of the street-side haggling they hoped to escape.
Industry sources indicate that Uber may also be considering an acquisition through its vendor, Everest Fleet.
The talks come in as BluSmart's parent company Gensol Engineering is facing liquidity issues.
Rapido has also cut its losses by around 45 percent to Rs 371 crore in FY24 from Rs 675 crore in FY23 on the back of a reduction in its overall expenses.
The firm recently raised $11 million (Rs 92 crore) in a pre-Series A funding round.
Ride-hailing firm Namma Yatri, built on top of ONDC, is expanding its offerings as the company looks to compete with rivals Uber and Ola.
In December of 2023 the platform secured $24 million in equity round in addition to raising long term and sustainable EV asset funds worth USD 200 million, backed by leading development financial institutions.
The startup will use the funds to expand the team, grow sustainably and bring the Shoffr experience to more people, co-founder Vikas Bardia has said
Despite the challenges, Khosrowshahi said the company plans to expand its low-cost service segments, particularly two-wheeler and three-wheeler services in India.
Several top companies within India and globally have said that there is a huge demand for AI talent. Ola's program will span across engineering disciplines
The fundraise for the startup founded in 2009 comes nearly six years after it raised $8 million in Series B funding round led by Nexus Venture Partners.
A Namma Yatri ride used to cost the company Rs 219.5 in January 2023 which fell to Rs 8.6 by December
The company's revenue from rides increased 74% to Rs 678 crore in FY23 as against Rs 388 crore last financial year. The firm's revenue from support services was recorded at 1,977 crore, up 52% year-on-year (YoY)
While the company has already introduced customer rating, mode of payment and destination features, the upfront pricing feature for drivers is being tested in a few cities to study the market reactions and imbalances if any, Manikandan Thangarathnam, senior director of mobility and platforms at Uber, has said
Tata Motors will be aiding Uber in electrifying their services across Delhi-NCR, Mumbai, Kolkata, Chennai, Hyderabad, Bengaluru and Ahmedabad.
In the public notice, Ola said that the company restricts any third party from any kind of usage of, modification, or transfer of the Ola Play devices more particularly during the ride-hailing services.
The state’s transport department has termed Ola, Uber and Rapido autos ‘Illegal’ and issued a directive to the companies to apply for a separate three-wheeler licence. But with some drivers being told it's "business as usual" and others asking passengers to cancel bookings, confusion prevails.
On description and calculation of fares, CCI has recommended that companies publish the break-up of total fare so as to appropriately reflect the surge component in the invoice generated on the App and sent to the riders and drivers.
The New Delhi-based company is looking to add 5,000 electric cars to its ride-hailing platform and scale up its electric vehicle (EV) hubs
