| Date | Title | Description |
| 24.04.2025 | Exclusive: Rapido Pilots Non-AC Cabs For Lower Fares | SUMMARY
Rapido’s new feature to book non-AC cabs at lower fares is now available in Bengaluru
The Cab Non AC feature on the ride hailing platform is currently in beta stage
A month ago, cab drivers of Ola, Uber and Rapido launched a ‘No-AC’... |
| 17.04.2025 | Indian Automotive Sector Records Six-Fold Uptick in PE Deals in Q1: Report The growth was primarily driven by a USD 1 billion investment in Erisha E mobility by an undisclosed investor based in of UAE... | After a sombre final quarter of 2024, PE activity in the Indian automotive sector experienced a six-fold growth in deal values, according to a report by Grant Thornton, titled 'Automotive Dealtracker: Providing M&A and PE deal insights.... |
| 14.04.2025 | Internet body requests Karnataka government to formulate balanced regulatory framework for bike-taxis | - |
| 02.04.2025 | Cooperative Taxi Service: A New Chapter for India's Ride-Hailing Market? If executed well, Sahkar Taxi could mark a pivotal shift not just in the cab market, but in how we reimagine fair, inclusive, a... | The recent announcement by Union Home Minister and Minister of Cooperation Amit Shah regarding the launch of a cooperative taxi service (Sahkar Taxi) in India has made headlines across the country. If successfully implemented, this initiati... |
| 02.04.2025 | Karnataka HC Bans Bike Taxi Services Till Rules Are Framed | SUMMARY
The Karnataka HC has given a time of six weeks to the companies to halt their operations
The HC was hearing a petition filed by Ola, Uber, Rapido, among others, to recognise bike taxis by allowing registrations of vehicles as transp... |
| 28.03.2025 | Infrastructure and Tax: Speed Bumps on the Road to EV Adoption While metro cities like Delhi, Mumbai, and Bangalore have long been the face of India's mobility shift, it's the Tier 2 and Tier 3 towns ... | India's electric vehicle (EV) market was valued at USD 8.03 billion in 2023 and is expected to grow to USD 117.78 billion by 2032, with a compound annual growth rate (CAGR) of 22.4 per cent, according to Fortune Business Insights.
One of th... |
| 25.03.2025 | WestBridge joins Nexthop AI's $110-mn funding round | Anshul Sadana, founder & CEO, Nexthop AI
Indian private equity firm WestBridge Capital, which backs unlisted companies and also makes private investments in public equities, is investing in California-based artificial intelligence infra... |
| 23.03.2025 | Outline Mechanism For Disabled-Friendly Taxi Apps: HC To Govt | SUMMARY
The HC granted a “last opportunity” to the Ministry of Road Transport and Highways (MoRTH) to submit an affidavit regarding the same within four weeks
The HC also warned that if the ministry fails to comply, MoRTH joint secretary wi... |
| 20.03.2025 | ESOP buyback worth $5.3 M launched by Dezerv | The Employee Stock Ownership Plan (ESOP) buyback program, which was completed by wealthtech platform Dezerv, will help current and former employees liquidate vested stock valued at Rs 46 crore, or roughly $5.3 million.
The Mumbai-based busi... |
| 20.03.2025 | Make App Accessible-Friendly For Specially-Abled Or Pack Up: Delhi HC To Rapido | SUMMARY
While hearing a petition filed by a visually impaired person, the Court questioned how the app was allowed to function without complying with existing laws in the matter
The HC also reportedly directed MoRTH joint secretary to be pr... |
| 11.03.2025 | 12-15 companies to receive $20 M investment from Playbook Partners | Over the next two years, the growth capital firm Playbook Partners intends to invest about $20 million, or roughly Rs 175 crore, in 12–15 different companies.
“Our focus is on companies that have surpassed Rs 100 crore in turnover, where ou... |
| 06.03.2025 | Beacon.li's $7 Million Funding: A Beacon of Change in AI Automation | In the bustling world of technology, where innovation is the lifeblood, Beacon.li shines brightly. This AI-driven product assistant has just secured $7 million in a Series A funding round, led by Sorin Investments. The funding is not just a... |
| 06.03.2025 | Beacon.li Secures USD 7 Mn Funding Led by Sorin Investments to Scale AI Automation With the fresh capital, Beacon.li plans to expand its AI capabilities, scale globally, and refine its enterprise auto... | Beacon.li, an AI-powered product assistant transforming enterprise software adoption, has raised USD 7 million in a Series A funding round led by Sorin Investments.
Athera Venture Partners, JAFCO Asia, and existing investor Unicorn India Ve... |
| 18.02.2025 | Exclusive: Uber Follows Rapido, Rolls Out Zero Commission Model For Auto Drivers | SUMMARY
Uber said that starting today (February 18) it will solely act as a technology platform connecting riders with independent driver partners
The company will no longer have control over the execution, completion or quality of the ride... |
| 17.02.2025 | Indian ride-sharing startup Rapido bags around $30m from Prosus | Indian ride-hailing platform Rapido has secured around $30 million (Rs 250 crore) in a Series E extension round from Prosus, a global technology investor and consumer Internet group. |
| 15.02.2025 | Rapido To Launch Women-Only Bike Taxi Service In Karnataka: Report | SUMMARY
The yet to be launched service will cater exclusively to women customers and wille only employ female drivers
With this, the mobility unicorn claims to have set its eyes on generating 25,000 jobs in the city for its women “captains”... |
| 15.02.2025 | Biggest Startup Investments This Week: Feb 08–14 The Indian startup ecosystem saw a flurry of funding activity this week, with major investments pouring into fintech, legal tech, cloud computing, and ... |
Bengaluru-based ToneTag is a fintech startup specialising in sound-based contactless transactions. Founded in 2013 by Vivek Singh and Kumar Abhishek, ToneTag offers voice commerce solutions that enable businesses to integrate voice-powered... |
| 13.02.2025 | Rapido's Bold Ride: Securing Rs 250 Crore from Prosus | In the bustling streets of India, a new player is steering the ride-hailing game. Rapido, a Bengaluru-based bike taxi startup, is making waves. The company has just secured Rs 250 crore (approximately $30 million) in Series E funding from t... |
| 13.02.2025 | Rapido Secures INR 250 Cr from Prosus in Series E Round This latest investment comes just seven months after the company secured USD 120 million in a round led by WestBridge. | Bengaluru-based mobility startup Rapido has raised INR 250 crore (around USD 29.7 million) from Prosus as part of its ongoing Series E funding round. This latest investment comes just seven months after the company secured USD 120 million i... |
| 13.02.2025 | Prosus hitching a ride on mobility unicorn Rapido | Ride-hailing platform Rapido, which entered the unicorn club last year, has secured Rs 250 crore ($28.8 million) in fresh capital from Dutch technology investor Prosus NV as a part of an extended Series E round.
The latest investment will g... |
| 12.02.2025 | Bike taxi startup Rapido raises Rs 250 crore from Prosus | ETtech(L-R) Rishikesh SR, Aravind Sanka, Pavan Guntupalli, founders, Rapido
Bengaluru-based ride hailing firm Rapido has raised Rs 250 crore (nearly $30 million) from Dutch investment firm Prosus, according to a filing made with the Registr... |
| 19.01.2025 | Rapido To Expand Footprint To 500 Cities | SUMMARY
- Rapido said that the expansion plan will be gradually rolled out in multiple phases, starting February
In the initial phases, it will roll out services in Karnataka, Gujarat, Tamil Nadu, West Bengal, and Rajasthan
The development ... |
| 16.01.2025 | India's Tech Renaissance: A Surge of Innovation and Investment | India's tech landscape is undergoing a seismic shift. The year 2024 marked a pivotal moment, a renaissance of sorts, where innovation met investment in a spectacular dance. The IPO market boomed, and new unicorns emerged like stars in a nig... |
| 13.01.2025 | India's Tech IPO Market Booms in 2024 with Swiggy's USD 1.34 Billion Debut and Zomato's Sensex Milestone: Report Among India's 29 profitable unicorns, Zerodha led the pack, emphasising the ecosystem's... | India's tech ecosystem experienced a landmark year in 2024, characterised by a surge in IPOs, the birth of new unicorns, and an unprecedented wave of strategic acquisitions, signaling the sector's maturity. According to the "Indian Tec... |
| 07.01.2025 | Year in Review: The Best Funded Startups of 2024 Highlighting 2024 key funding deals, innovative startups across industries secured substantial investments, driving growth, fostering innovation, and u... | 2024 proved to be a transformative year for Indian startups, with significant funding fueling their growth and expanding their market footprints. Here's a closer look at the best-funded startups of the year and their journey to becoming ind... |
| 30.12.2024 | Top 5 Funding Mega Deals from the Indian Startup Ecosystem A total of 984 venture capital (VC) funding deals were announced in India during January-October 2024 recording a year-on-year (YoY) improvem... | In 2024, the Indian startup ecosystem witnessed a wave of substantial funding rounds, indicating continued investor confidence in the country's booming entrepreneurial landscape. Beyond the headlines of billion-dollar valuations and mega de... |
| 20.12.2024 | Rapido Leaks Info Of Users, Drivers Due To Security Flaw | SUMMARY
The personal data was exposed due to a flaw with a website form which collected feedback from Rapido rickshaw users and drivers
The issue was discovered by security researcher and ethical hacker Renganathan P
As of December 19, the ... |
| 18.12.2024 | Bengaluru auto rickshaw fare revision likely as transport dept calls for meeting | Bengaluru auto (representational picture)
Auto-rickshaw fares in Bengaluru are likely to increase as the Regional Transport Authority (RTA) has scheduled a meeting with auto unions in the city on December 23 to discuss a possible revision.
... |
| 24.11.2024 | NCH now has over 1000 convergence partners | Nearly 1000 companies have partnered with the National Consumer Helpline (NCH) under its Convergence Programme to expedite grievance resolution, Department of Consumer Affairs (DoCA) said in a statement. DoCA said it is also set to meet win... |
| 21.11.2024 | Zitadel's $9M Boost: A Leap into Cloud-Native Identity Solutions | In the bustling tech landscape of San Francisco, a new player is making waves. Zitadel, a provider of cloud-native identity infrastructure solutions, has secured $9 million in Series A funding. This investment, led by Nexus Venture Partners... |
| 20.11.2024 | Zitadel Raises $9M in Series A Funding | Zitadel, a San Francisco, CA-based provider of cloud-native identity infrastructure solutions, raised $9M in Series A funding.
The round was led by Nexus Venture Partners with participation from Floodgate.
The company intends to use the fun... |
| 14.11.2024 | Rapido FY24: Losses Decline 45% YoY To INR 370 Cr | SUMMARY
The ride-hailing major attributed the reduced FY24 losses to a “disciplined approach to cost management” and by optimising key cost areas
Rapido clocked 44.5 Cr orders in FY24 versus 30.7 Cr orders in FY23 while GOV zoomed 1.8X YoY ... |
| 11.10.2024 | Rapido To Get Another Tank Full Of Investments, Likely To Raise $60 Mn From Prosus | SUMMARY
The funding is said to part of the mobility giant’s ongoing $200 Mn round
The company’s valuation will remain unchanged with this round
This comes a month after Rapido turned unicorn after raising $200 Mn as part of its Series E rou... |
| 24.09.2024 | The AI Revolution: Insights from Alibaba’s Apsara Conference 2024 | The Apsara Conference 2024, held in September, was a showcase of the future. Nearly 300 companies gathered to unveil close to 1,000 new AI products. The atmosphere buzzed with innovation. Two trends emerged as clear frontrunners: multimodal... |
| 24.09.2024 | Blue collar recruitment platform Vahan raised $10 M Series B funding | Khosla Ventures led the $10 million Series B funding round for the blue collar recruitment platform Vahan.ai. Y Combinator, the US venture capital firm Gaingels, and Paytm founder Vijay Shekhar Sharma also took part in the round.
The Bengal... |
| 23.09.2024 | Rapido raised $200 M Series E funding at $1.1 B valuation | WestBridge Capital led the $200 million Series E funding round for the ride-hailing app Rapido. Think Investments, Nexus Venture Partners, and Invus Group were also involved in the round.
The other three investors provided the remaining fun... |
| 23.09.2024 | Deals in brief: ExceedData secures pre-Series B financing, Healius sells Lumus Imaging, India sees flurry of funding deals, and more | China’s ExceedData secures pre-Series B financing
ExceedData, a Chinese company specializing in vehicle-cloud data platforms, has wrapped up its pre-Series B round of financing, raising an eight-figure RMB sum. The round was led by BAIC Cap... |
| 19.09.2024 | Vahan.ai: Pioneering Blue-Collar Recruitment with a $10 Million Boost | In the bustling world of recruitment, Vahan.ai stands out like a lighthouse in a storm. This Bengaluru-based platform has just secured $10 million in a Series B funding round, led by Khosla Ventures. The funding marks a significant mileston... |
| 19.09.2024 | Blue-collar recruitment platform Vahan.ai picks up $10M led by Khosla Ventures
Recommended Stories For You | Vahan.ai, an AI-powered marketplace for India's 300 million blue-collared workforce, has raised $10 million in a Series B funding round led by Khosla Ventures, founded by Vinod Khosla. Y Combinator, US-based VC firm Gaingels, and Paytm Foun... |
| 19.09.2024 | Blue Collar Recruitment Platform Vahan.ai Raises $10 Million in Series B Funding The round was led by investor Khosla Ventures and saw participation from Y Combinator, Gaingels, and Paytm | Bengaluru-based startup Vahan.ai, an AI-powered recruitment platform for India's blue-collar workforce, announced it had raised USD 10 million in its Series B funding. The round was led by investor Khosla Ventures and saw participation from... |
| 13.09.2024 | Moneyview Joins Unicorn Club After Fresh Capital Raise, Bolsters Services with Jify Acquisition With this acquisition, Moneyview aims to expand its financial services by integrating employee-focused s... | Moneyview, a consumer lending platform, has achieved unicorn status following a new funding round from existing investors, Accel India and Nexus Ventures.
The company issued 60,23,382 equity shares at an issue price of INR 64.15 each, raisi... |
| 10.09.2024 | Playbook Partners: A New Force in India's Growth Capital Landscape | In the bustling world of investment, Playbook Partners has emerged as a significant player. The firm recently announced the first close of its inaugural fund, raising over $130 million in just four months. This rapid success is a testament ... |
| 10.09.2024 | Playbook Partners Raises USD 130 Mn in First Close, Eyes USD 250 Mn Target The funds have been raised through established global investors from Europe, the US, the Middle East, and India. With the gre... | Growth Capital (GC) firm Playbook Partners has marked the first close of over USD 130 million within just four months. The funds have been raised through established global investors from Europe, the US, the Middle East, and India.
With the... |
| 10.09.2024 | Playbook Partners marks first close of maiden fund | Vikas Choudhury, founder, Playbook Partners
Playbook Partners, a growth-stage focused investment firm set up by founding partner of Pivot ventures Vikas Choudhury, has marked the first close of its maiden fund launched earlier this year.
Th... |
| 07.09.2024 | From Drip Capital To Rapido – Indian Startups Raised $348 Mn This Week | SUMMARY
Between September 2 and 7, Indian startups collectively mopped up around $348 Mn in funding across 19 deals
Rapido’s fundraise, the traveltech sector became the funded sector with an investment of $204 Mn deals
Ather Energy is looki... |
| 06.09.2024 | [Weekly funding roundup Aug 31-Sep 6] Venture capital inflow trends uneven
Recommended Stories For You | The month of September has begun on a modest note for the Indian startup ecosystem as venture capital funding dropped a few notches from the previous week, primarily due to the absence of large deals.
The first week of September saw total f... |
| 05.09.2024 | Rapido's Ascent: A New Unicorn in India's Ride-Hailing Arena | In the bustling streets of India, a new player has emerged, shaking up the ride-hailing landscape. Rapido, a Bengaluru-based startup, has just secured $200 million in a Series E funding round, catapulting its valuation to a staggering $1.1 ... |
| 05.09.2024 | Rapido raises $200 million in funding led by WestBridge; valuation hits $1.1 billion | ETtechL-R: Rapido founders Rishikesh SR, Aravind Sanka and Pavan Guntupalli
Mobility startup Rapido has secured $200 million in a financing round led by existing investor WestBridge Capital, vaulting into the unicorn club of privately-held ... |
| 05.09.2024 | Rapido raises $200 Mn in Series E at $1.1 Bn valuation | Ride-hailing app Rapido has secured $200 million in its Series E funding round, led by WestBridge Capital. The round also saw participation from Think Investments, Nexus Venture Partners, and Invus Group.
While WestBridge alone invested $12... |
| 05.09.2024 | Rapido turns unicorn, bags $200M in Series E funding
Recommended Stories For You | Ride-hailing platform Rapido on Wednesday said that it has raised $200 million in a Series E funding round, marking its entry into unicorn club.
The funding round was led by existing investor WestBridge Capital and also saw participation fr... |
| 05.09.2024 | Rapido Hits Unicorn Status with USD 1.1 Bn Valuation After USD 200 Mn Series E Funding The newly raised capital will be utilised to fuel Rapido's expansion across India and further enhance its technol... | Bengaluru-based ride-hailing platform Rapido has raised USD 200 million in its Series E funding round, led by WestBridge Capital.
The round saw participation from key investors such as Think Investments, Nexus Venture Partners, and Invus Gr... |
| 05.09.2024 | Rapido bags $200 mn in Series E funding, enters unicorn club | Ride-hailing platform Rapido on Thursday said it has raised $200 million in fresh funding as a part of its Series E round that valued it about $1.1 billion.
Its existing investor WestBridge Capital, which has also invested in several homegr... |
| 05.09.2024 | Rapido is India's fourth unicorn of 2024 after raising $200m led by WestBridge | Ride-hailing platform Rapido on Thursday said it has raised about $200 million in a Series E round of funding led by WestBridge Capital, at a valuation of $1.1 billion, effectively catapulting into India’s unicorn club.
The round also saw p... |
| 30.08.2024 | VC Funding Deals in India Surpass $6.3 Billion Despite Global Caution: GlobalData GlobalData, a data analytics company recently released a report on VC Funding in Indian Startups reported a significan... | GlobalData, a data analytics company recently released a report on VC Funding in Indian Startups reported a significant surge in funding during the January to July 2024 period, recording a total of 672 deals raising US$6.3 billion.
The repo... |
| 14.08.2024 | Ather Energy: A New Unicorn in the Electric Revolution | Ather Energy has officially joined the unicorn club, a coveted status that signifies a valuation of over $1 billion. The Bengaluru-based electric scooter manufacturer secured $71 million from the National Investment and Infrastructure Fund ... |
| 14.08.2024 | With $71 M from current backer NIIF, Ather becomes unicorn | With the acquisition of $71 million from current investor National Investment and Infrastructure Fund (NIIF), Bengaluru-based Ather Energy, a manufacturer of electric scooters, has joined the unicorn club.
Ather’s estimated net worth is $1.... |
| 13.08.2024 | Ather enters unicorn club with fresh funding from NIIF | Ather electric scooters are seen outside the showroom in Mumbai, India | Credit: Reuters
Electric scooter maker Ather Energy has made its entry into the unicorn club, securing $71 million (Rs 596 crore) in fresh capital from India's quasi-s... |
| 13.08.2024 | Ather Energy enters unicorn club after raising $71M funding from NIIF
Recommended Stories For You | Electric two-wheeler maker Ather Energy has turned unicorn after raising Rs 600 crore ($71 million) from existing investor National Investment Infrastructure Fund (NIIF) in a new funding round, two sources told YourStory.
This comes days ... |
| 13.08.2024 | Ather Energy becomes unicorn after raising $71 million funding from NIIF | Electric two-wheeler maker Ather Energy has turned unicorn after raising ₹600 crore ($71 million) from existing investor National Investment Infrastructure Fund (NIIF) in a new funding round, according to sources.
NIIF, the Indian soverei... |
| 13.08.2024 | Ather joins unicorn club with $71 Mn from existing backer NIIF | Electric scooter manufacturer Ather Energy has entered the unicorn club as the Bengaluru-based firm scooped up $71 million from existing investor National Investment and Infrastructure Fund (NIIF).
Sources close to the firm indicate that At... |
| 05.08.2024 | VC funding in July rises by 103%, crosses $1B mark
Recommended Stories For You | Venture Capital (VC) funding into Indian startups on crossed the $1 billion mark on a month-on-month basis for three months in a row, and this augurs well for the ecosystem which seems to be slowly stepping away from the funding winter.
The... |
| 04.08.2024 | Riding the Wave: Rapido's Ascent to Unicorn Status and the Future of Indian Startups | In the bustling landscape of Indian startups, a new unicorn has emerged. Rapido, a bike taxi aggregator, recently secured $120 million in funding, catapulting its valuation to over $1 billion. This milestone is not just a feather in Rapido'... |
| 03.08.2024 | The Best Startup Funding This Week: July 27–Aug 2 Here is a list of the startups that have raised the most money this week, from July 27 to Aug 2. | Rapido: Founded in 2015 by Aravind Sanka, Pavan Guntupalli, and SR Rishikesh, Bengaluru's Rapido is a ride-hailing service offering bike taxis, auto rickshaws, cabs, parcel delivery, and third-party logistics, catering to diverse transporta... |
| 03.08.2024 | From Rapido To BharatPe- Indian Startups Raised $222 Mn This Week | SUMMARY
Indian startups cumulatively raised $222.2 Mn via 25 deals, a 416% increase from $43.1 Mn raised via 12 deals in the week prior
Rapido emerged as India's 116th unicorn this week when it bagged $120 Mn at a post-money valuation of a ... |
| 02.08.2024 | [Weekly funding roundup July 27- Aug 2] Sharp rise in VC inflow
Recommended Stories For You | August has brought with it a cheer in the venture capital ecosystem.
The first week of the month saw venture capital funding touching $332 million across 22 deals. In comparison, the previous week saw only $71 million coming in. The startup... |
| 31.07.2024 | WestBridge led $120 M Series E funding raised by mobility startup Rapido | With a $120 million Series E funding round led by its largest backer, WestBridge Capital, which contributed money through three different investment vehicles, Swiggy-backed mobility startup Rapido has become a unicorn.
According to Rapido’s... |
| 31.07.2024 | Rapido Achieves Unicorn Status with $120 Million
Infrastructure Today Conclave: Towards a Viksit Bharat @ 2047
Construction entities will maintain healthy revenue growth: ICRA
Top 10 listed real estat... | ECONOMY & POLICY Rapido Achieves Unicorn Status with $120 Million
31 Jul 2024 2 Min Read CW Team
Rapido, an Indian bike taxi aggregator, has achieved unicorn status following a significant funding round that raised $120 million. This mi... |
| 30.07.2024 | India's Bike Taxi Rapido Reaches $1 Billion in Valuation After $120 Million Funding | By Aldohn Domingo
Published Jul 30, 2024 7:32AM EDT
Share on Facebook Share on Twitter Share on LinkedIn Share on Reddit Share on Flipboard Share on Pocket
India's Rapido continues to show its dominance as the bike taxi startup becomes the ... |
| 30.07.2024 | Rapido Achieves Unicorn Status with USD 120 Mn Series E Round Led by WestBridge Capital Rapido is the third company to join the unicorn club this year, following fintech Perfios and AI startup Krutrim... | Swiggy-backed mobility startup Rapido has achieved unicorn status following a USD 120 million Series E funding round led by its major investor, WestBridge Capital, which has pumped in money through three different investment vehicles.
Based... |
| 30.07.2024 | Rapido Liable To Pay GST For Its Cab Services: Karnataka AAR | SUMMARY
Rapido submitted that it charges its drivers a subscription instead of a commission, without making any revenue on the fare
This also comes at a time when Rapido turned unicorn after raising a funding of $120 Mn from its existing in... |
| 29.07.2024 | Rapido raises $120M from WestBridge Capital, turns unicorn | Rapido has raised $120 million (approximately Rs 1,000 crore) in a Series E funding round led by existing investor WestBridge Capital at a valuation of $1 billion, a filing with the Registrar of Companies showed.
The ride-hailing platform t... |
| 29.07.2024 | Rapido joins unicorn club with $120 Mn round led by WestBridge | Swiggy-backed mobility startup Rapido has turned unicorn with a $120 million Series E funding round led by its largest backer WestBridge Capital which has pumped in money through three different investment vehicles.
The board at Rapido has ... |
| 29.07.2024 | Rapido Enters Unicorn Club By Raising $120 Mn From WestBridge Capital | SUMMARY
Rapido raised the funding from WestBridget Capital at a valuation of over $1 Bn
The startup has become the third unicorn of 2024 with this, after Krutrim AI and Perfios
Rapido is also in talks with global investors to raise another ... |
| 05.07.2024 | Bike Taxis In Bengaluru Under Transport Dept’s Lens After Protests By Auto, Cab Drivers | SUMMARY
The autorickshaw and cab drivers laid siege to the transport department’s head office in Shanti Nagar area, protesting against bike taxis and implementing a 'one city, one cab fare'
The transport also authority issued an order, dire... |
| 05.07.2024 | Rein in errant auto drivers first, then crack down on bike taxis in Bengaluru, netizens tell Karnataka govt | Karnataka transport department seized 133 bike taxis in Bengaluru on Friday
The Karnataka government's decision to crack down on bike taxis has not gone down well with Bengaluru citizens.
Many demanded that the state government first rein i... |
| 29.05.2024 | Quick, quicker, quickest: The impatient Indian fires up an industry | - |
| 28.05.2024 | Karnataka HC maintains 5% service charge cap on app-based autos | The Karnataka High Court on Monday dismissed the writ petitions filed by ride hailing companies against capping the service charge levied at 5% in the state.
The petitions challenged the state government’s notification fixing the service ch... |
| 19.05.2024 | Decrease in road accident fatalities in Delhi till May 15, shows data | - |
| 09.05.2024 | Paytm Eyeing Foray Into Ride Hailing Space With Autorickshaw Offerings | SUMMARY
Paytm is planning to offer auto rickshaw booking services through ONDC in tier I cities such as Delhi, Bengaluru and Chennai
Paytm is currently testing the ride-hailing feature on its app with select users and might also offer cab b... |
| 09.05.2024 | LS polls: Delhi voters to get free bike taxi ride to booths on voting day | - |
| 06.05.2024 | Rapido offers free rides to voters on May 13 in Hyderabad, 3 other cities | - |
| 24.04.2024 | Lok Sabha polls: Show inked finger for free dosa and discount at Bengaluru restaurants; Rapido offers no-cost bike taxi rides | The elections for 28 Lok Sabha seats in Karnataka are being held in two phases, with South Karnataka voting on April 26 and North Karnataka on May 7.
To increase voter turnout in Bengaluru, many restaurants and commercial establishments hav... |
| 10.04.2024 | Quick-Commerce Startups in India on the Rise | Indian quick-commerce startups like Zepto are skyrocketing in sales, with Zepto hitting $1.2 billion in annualized sales in just 29 months. Competing with giants like Zomato and Swiggy, Zepto is quickly gaining market share and is on track ... |
| 05.04.2024 | Now, Kochi Metro Rail Joins ONDC Network To Fuel Mobility Experience | SUMMARY
Kochi Metro Rail has now become the second metro service to join the ONDC Network
With this, commuters will be able to purchase single journey and return journey tickets for the Kochi Metro through four buyer apps on the ONDC Networ... |
| 05.04.2024 | Nearly 5,000 polling booths identified as vulnerable in Punjab, says CEO | Punjab Chief Electoral Officer (CEO) Sibin C on Friday said that vulnerability mapping ahead of the Lok Sabha poll is going on and around 5,000 polling booths have been identified as vulnerable.
"Vulnerability mapping is going on and a... |
| 05.04.2024 | Rapido Eyes $100 Mn Funding From Existing Backer WestBridge Capital, Others | SUMMARY
Rapido has received commitments of around $70 Mn, and is currently approaching Indian family offices for additional support
This funding may take the company’s valuation to $900 Mn
In FY23, Rapido reported a standalone loss of INR 6... |
| 04.04.2024 | Exclusive: Lenskart, Purplle, Healthkart may raise fresh funds as big-ticket startup deals gain momentum | ETtech
The Indian startup sector is seeing a return of big-ticket deals of $100 million or more for strong businesses that are growing fast and are on a path to profitability, according to industry executives who view this as a significant ... |
| 29.03.2024 | India’s top-funded tech startups reined in FY23 losses as revenue growth slowed | Premium
Credit: 123RF.com
India's top-funded technology startups, which went overboard with expenses to attract talent and customers in 2021-22 thanks to record venture capital funding, reined in their operating losses in the financ... |
| 23.03.2024 | JioCinema Gets 11.3 Cr Viewers On Day 1 Of IPL 2024 | SUMMARY
The OTT streaming platform clocked 59 Cr views on the first day of the tournament, translating into 660 Cr minutes of watch time
As many as 32 startups have associated with the IPL this year, a steep 68% increase from last year’s 19... |
| 11.03.2024 | Magicpin launches delivery service to enter logistics aggregation segment | Hyperlocal delivery startup Magicpin announced the launch of its delivery-as-a-service vertical Velocity, which the company plans to scale to 100,000 orders daily.
The platform is currently witnessing an average of 5,000 orders per day. Wit... |
| 10.03.2024 | Bengaluru man says auto drivers forcefully stopped him from using Rapido bike taxis: 'Goon behaviour' | The incident happened outside Jalahalli metro station on Saturday evening. (representational image: Unsplash)
A man in Bengaluru has claimed that auto drivers outside Jalahalli metro station forcefully stopped him from using Rapido bike tax... |
| 26.10.2023 | India’s bike taxi startup Rapido is getting into the cab business | Rapido, the eight-year-old Indian bike taxi startup, is expanding into the cab market in the South Asian nation, where Uber and its homegrown competitor Ola dominate.
The Bengaluru-based startup has begun a pilot of its cab service in the s... |
| 18.04.2022 | Indian bike taxi startup Rapido raises $180m funding led by Swiggy | Bengaluru-based bike taxi startup Rapido has raised $180 million in its Series D funding round led by food delivery giant Swiggy, per an announcement on Friday. |
| 18.04.2022 | Bike and Auto Taxi Platform Rapido raises USD 180 million in Series D Funding | Indian bike and auto taxi startup Rapido raised USD 180 million in Series D funding on April 15, 2022. Indian foodtech unicorn Swiggy led the funding for Rapido. New investor TVS motors also invested in the round. |
| 16.04.2022 | With Swiggy as lead, Rapido raises $180 million; both eye logistics scale-up | Bike-taxi platform Rapido said Friday it has raised $180 million in a funding round led by food and grocery delivery company Swiggy, along with investment from TVS Motor Company, Westbridge, Shell Ventures, and Nexus Ventures. Post this Ser... |
| 16.04.2022 | Rapido raises $180 mn at $830 mn valuation in funding round led by Swiggy | Bike taxi platform Rapido, has raised $180 million in its latest Series D round. Led by new investor Swiggy, the round also saw investment from TVS Motor Company, along with existing investors, Westbridge, Shell Ventures, and Nexus Ventures... |
| 16.04.2022 | Swiggy leads $180 million funding round in Rapido, bike taxi startup valued at $830 million | ETtech
Bengaluru: Swiggy has led an investment of $180 million in bike and auto-taxi aggregator Rapido in what is a maiden bet in the mobility sector for the food delivery major as well as its single largest cheque in a startup.
New investo... |
| 15.04.2022 | Swiggy leads $180 mn round in Rapido; TVS joins as new investor | Swiggy leads $180 mn round in Rapido; TVS joins as new investor
Premium Aravind Sanka, co-founder of bike taxi operator Rapido. 2 min read . Updated: 15 Apr 2022, 11:55 PM IST Anuj Suvarna
The Rapido deal highlights renewed investor interes... |
| 15.04.2022 | Swiggy backs bike taxi platform Rapido in $180 million funding | Swiggy has led a $180 million financing round into bike taxi startup Rapido as the Indian food delivery giant looks to broaden its fleet network across the country, the two firms said on Friday.
Rapido’s Series D financing round also saw pa... |
| 15.04.2022 | Swiggy leads $180 million funding round in Rapido, bike taxi startup valued at $830 million | ETtech
Bengaluru: Swiggy has led an investment of $180 million in bike and auto-taxi aggregator Rapido in what is a maiden bet in the mobility sector for the food delivery major as well as its single largest cheque in a startup.
New investo... |
