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.
Tag: Rapido
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.
Post-CCPA Notice: Tipping Trends Rise for Ola, Uber, Rapido, and Namma Yatri
The advance tipping feature on ride-hailing apps remains active despite user criticism and a CCPA notice.
Delhivery Launches ‘Delhivery Direct’: A Bold Move into On-Demand Intracity Shipping, Competing with Porter and Uber
Delhivery launches its on-demand delivery service, Delhivery Direct, in Delhi-NCR and Bengaluru.
Karnataka’s Ongoing Ban on Ola, Uber, and Rapido Bike Taxis
The Karnataka High Court upheld the suspension of bike taxi services, affecting drivers and commuters.
Rapido Secures ₹125 Crore Investment from Nexus Ventures
Rapido is raising Rs 125 crore from Nexus Ventures as part of its Series E round, valuing it at $1.1B.
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