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The Latest Breaking News from Rapido

Rapido's early backers look to sell shares worth Rs 100 crore

Angel investors are offloading Rapido shares worth Rs 100 crore as part of a larger $730 million funding round. Swiggy, an early investor, has fully exited its stake. The deal aims for a $3 billion valuation, though some investors are pushing back on pricing.

The Economic Times

Noida airport gets round-the-clock cabs, fares range from Rs 1k to Rs 3k

Noida International Airport passengers found taxis to be a dependable transport option. Several cab aggregators like Uber, Ola, and Rapido offered services with introductory discounts. Premium cab operators also provided chauffeur-driven options. UPSRTC buses are also serving the airport, though with a shuttle requirement. These services ensured smooth connectivity for…

The Economic Times

Noida airport to rely on cabs as flights begin on June 15

Noida International Airport opens on June 15. Passengers will primarily use cabs and private vehicles. App-based taxis like Uber and Ola will be available. Local taxi drivers anticipate increased demand. Electric bus services are expected to launch soon. Airport authorities are coordinating with mobility providers for smooth operations.

The Economic Times

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ETtech Deals Digest: Startups raised $1.11 billion in May, up 37% on-year

Indian startups secured approximately $1.1 billion in May, a significant 37% year-over-year increase, driven by Rapido's substantial $240 million funding round. While overall capital raised surged, the number of funding rounds saw a decline compared to the previous year. Late-stage deals dominated the funding landscape, accounting for the majority of…

The Economic Times

ETtech Deals Digest: Startups raise $122 million this week, down 5% on-year

This week’s tally, however, was down 84% from the previous week when startups raised around $789.8 million, thanks to Rapido’s mega $730 million round.

The Economic Times

Cab, auto strike in Delhi-NCR: Three-day Chakka jam in Capital, Noida, Gurugram and Ghaziabad begins today; check what's affected for commuters

Cab strike in Delhi NCR: Delhi-NCR faces a three-day cab and auto strike from May 21-23. Drivers demand fare hikes due to soaring fuel costs and alleged exploitation by app-based aggregators. Over 68 transport unions are participating. Commuters may face ride cancellations and surge pricing, though Metro and DTC buses…

The Economic Times

Uber CEO Dara Khosrowshahi on India bets, Travis Kalanick, jobs in the AI era & more

Uber CEO Dara Khosrowshahi anticipates India becoming its largest market in a decade, highlighting dynamic growth and talent. The company is investing in tech centres and a data centre partnership with Adani Group, while exploring logistics and local commerce opportunities.

The Economic Times

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ETtech Deals Digest: Startups raise $790 million in second week of May

Rapido's substantial $730 million funding round significantly boosted Indian startup investments this week, reaching approximately $790 million across 18 deals. This marks a considerable increase from the previous week and the same period last year. The funding includes a $240 million late-stage round for Rapido, alongside early and seed-stage investments…

The Economic Times

Flipkart puts IPO on ice; Rapido's $240 million raise

Flipkart has hit pause on its IPO in a jittery market. This and more in today's ETtech Top 5.

The Economic Times

Rapido raises $240 million from Prosus, WestBridge, Accel; valuation hits $3 billion

Urban mobility startup Rapido has secured $240 million in a funding round led by Prosus, valuing the company at $3 billion. This raise is part of a larger $730 million round and will be used to expand markets, grow its captain network, and enhance technology.

The Economic Times

This Bengaluru Auto Ride Came With Water, Kindness And A Quiet Lesson In Humanity

In a city where most of us are used to rushed rides and curt “drop here” auto drivers, one Bengaluru auto driver is making people pause and smile. What started as a regular ride turned into something unexpectedly warm and genuine for a passenger, and a LinkedIn post about it…

Times Life

Uber, Ola, and Rapido Drivers to Strike Nationwide on February 7: Here’s Why

Commuters across India may face travel disruptions on Saturday, February 7, as drivers associated with app-based ride-hailing platforms Ola, Uber, and Rapido have announced a nationwide strike. The protest, dubbed the “All India Breakdown,” will see drivers switching off their ride-hailing apps simultaneously.

Whats Hot

Rapido, Ola, Uber must stop bike taxis within 6 weeks in Karnataka: HC

The Karnataka High Court has ordered the suspension of bike taxi services in the state within six weeks, ruling that such services cannot operate unless the government issues necessary guidelines under the Motor Vehicles Act, 1988.

Newslaundry

Top Uber rival leaks user and driver data online

Rapido was apparently exposing a feedback archive online, which included emails and phone numbers.

TechRadar

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The Hindu

Rapido free rides on polling day

Rapido offers free rides in Hyderabad on election day to promote voter turnout and inclusive electoral process.

The Hindu

Bike taxi service to offer free rides in Hyderabad on voting day

Rapido to offer free rides to 2,600+ polling stations in Hyderabad on Nov. 30 to encourage citizens to exercise their right to vote. Enter code VOTENOW to avail free rides and join movement to redefine civic participation. Aim to boost voter turnout, particularly among young user base. Previous 3 elections…

The Hindu

Rapido offers free rides to 2600 polling booths in Hyderabad on Nov 30

Rapido launches free rides to 2,600 polling stations in Hyderabad to boost voter turnout. Initiative reflects commitment to Telangana’s young user base. Co-founder Pavan Guntupalli urges citizens to exercise right to vote. Offer aims to ensure widespread participation in election process.

The Hindu

Rapido bike taxi harassment victim files complaints with Karnataka and National Commission for Women

She took the step after she allegedly ‘did not receive any acknowledgement or communication from Rapido with regard to a legal notice issued to them’.

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Dynamite News

Supreme Court seeks Centre's stand on Delhi Govt's plea against HC order on Rapido, Uber

A vacation bench of Justices Aniruddha Bose and Rajesh Bindal posts the matter for hearing on Monday. Read further on Dynamite News:

The Hindu

Affordable and available, but woes aplenty — ride hailers talk about pros and cons of bike taxis in Bengaluru

Apart from the fear of harassment, what scares travellers the most is the rash riding habits of the riders or captains of bike taxis as they are identified by brands

Dynamite News

Rapido Moves SC Against Bombay HC Order, Hearing On Jan 23

The Supreme Court on Tuesday agreed to hear on January 23 plea of Rapido, the bike taxi and auto aggregator, challenging the Bombay High Court order which directed it to stop operation in Maharashtra immediately as it does not have a license to operate bike taxi or rickshaw services. Read…

The Hindu

Taxi aggregators in Bengaluru continue auto services overlooking Transport Department order

Taxi aggregators were asked to stop services with effect from Wednesday. They are planning to approach court seeking stay on department action, say officials

The Hindu

No mobile app-based auto services till aggregators receive licences, says Transport Commissioner

They will have to stop plying from today, says official

The Hindu

Karnataka Transport Department issues notices to Ola, Uber, and Rapido for charging exorbitant fares for auto rides

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