“WestBridge and Prosus Acquire Majority Stake in Rapido Following $240 Million Investment Round”
Rapido raised $240 million to expand its market presence, competing with Uber and Ola in the ride-hailing sector.
Tag: Rapido
Rapido Secures $240 Million Funding Round Led by Prosus, Surpassing $3 Billion Valuation
Rapido raises $240M led by Prosus to expand in new markets and strengthen its technology infrastructure.
Bharat Taxi Surpasses 2.7 Million Downloads Amidst Pricing Challenges
India’s Bharat Taxi sees strong adoption with 2.73M downloads, but higher fares raise user concerns.
Karnataka High Court Reinstates Bike Taxi Operations for Rapido, Ola, and Uber
The Karnataka High Court lifted the ban on bike taxis, allowing platforms like Rapido, Ola, and Uber to resume.
Rapido Surges into the ₹1,000 Crore Income League with Delivery Service Leading the Charge
Mobility firm Rapido reported 44% revenue growth to Rs 934 crore, narrowing its losses amid rising competition.
TVS Sells Its Stake in Rapido for ₹288 Crore to Accel and MIH
TVS Motor Company to divest stake in Rapido for Rs 287.93 crore, marking a complete exit from investment.
Swiggy Sells Its Share in Rapido, Reaping 2.35X Returns; Prosus and WestBridge Step In to Acquire Stake
Swiggy announced the sale of its stake in Rapido for Rs 2,399.5 crore, securing over a 2.3X return.
Uber CEO Identifies Rapido as a Greater Competitor than Ola in India
Uber's Khosrowshahi sees Rapido as India's main rival, praising its subscription model for drivers.
Rapido Launches Ownly Food Delivery Service in Select Areas of Bengaluru
Rapido has launched its food delivery app Ownly in select Bengaluru neighborhoods amid pilot challenges.
New Regulations Unveiled for Ride-Hailing: Double Surge Caps, Cancellation Charges, and a Boost for Bike Taxis
The new Motor Vehicle Aggregator Guidelines 2025 allow surge pricing and support bike-taxi services.
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