VinGroup's Green SM launches its electric taxi service at Bharat Mandapam on June 5, deploying 10,000 VinFast EV MPVs across Delhi-NCR with a company-owned fleet and salaried drivers. The Vietnamese major also plans 1,00,000 e-two-wheelers, escalating competitive pressure on incumbent ride-hailing players.

Business Today · Latest · 6/2/2026, 12:27:58 PM

Government-backed ONDC now processes 300,000+ daily metro and bus tickets across seven cities through 30+ apps, having crossed 450 million cumulative transactions. The network is expanding into tourism with 850 experiences, 170 ASI monuments, and 12 National Museums onboard.

Business Standard · Companies · 6/1/2026, 8:28:20 AM

May 2026 funding fell to $630M, down 27.2% MoM and 45% YoY, despite Rapido's $240M Series F and Skyroot's $60M raise. Bengaluru captured 65% of capital; fintech led sectors at $97M. Zepto secured SEBI IPO nod, Emami took 60% in InCut Digital, while 680 layoffs at Apna Mart and others signal cautious investor mood.

Entrackr · Newsletter · 6/1/2026, 6:15:02 AM

Yatra Online's promoters have reportedly approached MakeMyTrip, Paytm Travel, Rapido, Ixigo and a PE fund to offload a controlling stake, even as founder Dhruv Shringi denies the talks. The move signals deepening consolidation pressure in India's online travel market, where Yatra posted FY26 income of ₹1,032 cr and net profit of ₹47 cr.

ET Retail · 6/1/2026, 5:23:05 AM

Inc42's weekly buzz: Awfis chases Grade A+ supply with 20% larger centres targeting the $100 Bn GCC stack; CCI dismisses bike-taxi complaint against Rapido; EaseMyTrip swings to ₹15.4 Cr Q4 loss on ₹535.7 Cr FY26 revenue; Anushka Sharma takes minority stake in Agilitas to co-build One8 yoga line.

Inc42 · Buzz · 6/1/2026, 2:31:56 AM

Founders Shringi, Amin and Chopra have approached MakeMyTrip, Paytm Travel, Rapido, Ixigo and a PE fund for a controlling stake sale, with non-binding term sheets expected next week. Yatra posted ₹199.3 cr Q4 income and ₹8.2 cr net profit; founders publicly deny the talks.

ET Small Business · 5/31/2026, 7:45:02 PM

India's competition watchdog dismissed allegations that Rapido abused dominance through predatory pricing, ruling fare and tax grievances fall outside Section 4 scope. The regulator pointed to Uttarakhand's contract carriage fare caps, handing the bike-taxi major a clean slate as it scales against Uber and Ola.

Inc42 · Buzz · 5/30/2026, 7:18:21 AM

India's competition watchdog dismissed allegations of predatory pricing and abuse of dominance against Rapido in Uttarakhand, ruling the grievances fall under the Motor Vehicles Act. Separately, the bike-taxi operator closed a $240M round led by Prosus at a $3B valuation, taking total capital raised to $730M across 400+ cities.

Mint · Companies · 5/29/2026, 11:46:05 AM

Zomato is targeting India's $25 Bn healthy F&B opportunity with a subscription-led meal-plan feature in three metros, while peers like PhonePe (47% UPI share) and TBO Tek dominate adjacent newsletter headlines.

Inc42 · 5/29/2026, 2:34:58 AM

Sustained crude price spike from US-Iran tensions threatens ride-hailing unit economics, with fuel making up 40% of driver opex. A 25-30% fare hike could trigger a 40% demand drop on a 20% cost rise, accelerating shifts to shared mobility, EV two-wheelers and pooled enterprise transport across Delhi-NCR, Bengaluru and Chennai.

Inc42 · 5/24/2026, 4:58:06 PM

Prosus-led $240M round values Rapido at $3B as bike-taxi player captures 25-30% share, surpassing Ola (15-20%). FY25 revenue up 44% to ₹934 cr; losses narrow 30%. SaaS driver-fee model, Tier-2/3 expansion and new Ownly food delivery underpin the surge — though bike-taxi regulation looms.

Mint · Industry · 5/24/2026, 1:39:09 AM

Delhi auto and taxi unions launch a three-day chakka jam (May 21-23) protesting unrevised fares, fuel hikes and aggregator commission cuts. Ola, Uber and Rapido riders face surge pricing and long queues, while grocery and produce flows risk disruption across Delhi-NCR retail catchments.

NDTV Profit · 5/21/2026, 4:33:06 AM

Haryana's new aggregator framework mandates licences, ₹50L security deposits, a 20% commission ceiling with 80% driver share, daily settlements, ₹5L health and ₹10L life cover, and bans new ICE fleet inductions after Dec 2025—reshaping unit economics for Ola, Uber, Rapido, Porter, Swiggy, Zomato and Zepto across Gurugram-Faridabad.

Inc42 · 5/20/2026, 5:43:40 PM

GST Council may clarify whether 5% GST applies on full ride fare or only platform commission for Ola, Uber and Rapido. While the move aims to ease compliance for aggregators, commuters could face higher fares if the tax is passed through end-to-end.

Business Today · Latest · 5/20/2026, 11:56:51 AM

State is drafting stricter bike-taxi norms that could bar drivers from working across multiple aggregators in a single day, citing passenger safety and verification gaps. Authorities have already revoked licences and levied ₹11.85 Lakh in fines, with 715 Rapido, 43 Uber and 18 Ola bikes flagged.

Inc42 · Buzz · 5/20/2026, 6:37:21 AM

Cumulative Rs 4/litre petrol-diesel hike in seven days, plus CNG up Rs 2/kg, will lift last-mile and cold-chain costs for quick commerce, food delivery, FMCG logistics and dairy. Riders face Rs 600-900 higher monthly commute spend; aviation hit via ATF, which is 30-40% of opex.

NDTV Profit · 5/19/2026, 7:10:45 AM

Haryana Cabinet has cleared rules requiring all new vehicles onboarded by ride-hailing, delivery and e-commerce platforms in NCR to run on CNG, EV or cleaner fuels from January 1, 2026. The framework also tightens licensing, mandates passenger and driver insurance cover, and proposes EV tax concessions, directly impacting Uber, Ola, Rapido, Zomato, Swiggy, Blinkit, Zepto, Amazon and Flipkart fleet economics.

Financial Express · BrandWagon · 5/18/2026, 10:22:12 PM

Cabinet mandates CNG/EV-only fleet additions for cab and delivery platforms across Gurugram, Faridabad and NCR. Swiggy, Zomato, Blinkit, Zepto, Amazon, Flipkart, Uber and Ola face new licensing, driver insurance and grievance norms — reshaping last-mile cost structures.

NDTV Profit · 5/18/2026, 2:38:05 PM

New Haryana cabinet rules bar petrol and diesel inductions for ride-hailing and quick-commerce fleets across NCR districts, forcing Ola, Uber, Rapido, Swiggy, Zomato, Blinkit and Zepto onto clean-mobility licences. Mandate adds Rs 5 lakh passenger and driver health cover, Rs 10 lakh term insurance and grievance norms.

ET Small Business · 5/18/2026, 1:44:54 PM

Logistics major Delhivery closed FY26 with ₹10,486 Cr revenue (+17%) and ₹321 Cr net profit (+8%), shipping 306 Mn express parcels. Q4 revenue grew 30% YoY but profit stayed flat, signaling margin pressure even as quick commerce and D2C tailwinds lift parcel volumes across the ecosystem.

Inc42 · Buzz · 5/18/2026, 5:24:49 AM

Dara Khosrowshahi defends Uber's India position against Rapido's rise, pointing to robotaxi rollout and a swing from $8.5B loss in 2019 to $10B profit in 2025 as proof the turnaround since 2017 is intact.

Mint · 5/18/2026, 12:34:12 AM

Transport Minister Pratap Sarnaik wrote to the Cyber Department on May 12 seeking removal of the three ride-hailing apps from Indian app stores, citing illegal bike taxi operations in Mumbai and across Maharashtra. The move escalates a state-level crackdown that could disrupt last-mile mobility for millions of users.

NDTV Profit · 5/16/2026, 3:47:40 PM

Maharashtra government has rebutted viral social media claims of a blanket shutdown of Ola, Uber and Rapido. Officials clarified that licensed ride-hailing services continue to operate, with regulatory action limited to unauthorised bike taxi operators flouting state norms.

NDTV Profit · 5/16/2026, 12:05:30 PM

State government has directed the cyber crime department to register criminal cases against the founders of Ola, Uber and Rapido, alleging unauthorised bike taxi services in violation of state transport rules. The move escalates a long-running standoff between mobility aggregators and Maharashtra regulators.

NDTV Profit · 5/16/2026, 10:27:48 AM

State has directed legal action and FIRs against Ola, Uber and Rapido for allegedly running bike taxi services without authorisation. Officials clarified the crackdown is limited to bike taxi operations and does not extend to the platforms' cab services, marking a fresh escalation in India's mobility regulatory standoff.

Business Today · Latest · 5/16/2026, 10:01:38 AM

Rapido's $240 Mn round anchored a $303 Mn week. Retail-adjacent raises included Wingreens Farms ($12.6 Mn), Dil Foods cloud kitchen ($7.7 Mn), Legend Of Toys ($2.2 Mn), and QSR play Bobakat. EaseMyTrip launched a ₹500 Cr rights issue; Zoho committed ₹70 Cr to ONDC.

Inc42 · 5/16/2026, 3:32:39 AM

Prosus-led $240M round triples Rapido's war chest as it muscles into food delivery, parcel and flight bookings, sharpening the three-way fight with Uber and Ola. Side signals: Wingreens closes Rs 120 Cr Series D; D2C Insider readies Rs 150 Cr ConsumerX fund.

YourStory · 5/16/2026, 2:13:38 AM

Rapido raised $240M primary at a $3B valuation, part of a $730M round that saw Swiggy and TVS exit via secondary. Capital will fund tier-2 mobility expansion and scale Ownly, escalating its food-delivery challenge to Swiggy and Zomato alongside its ride-hailing fight with Uber and Ola.

Times of India · Business · 5/15/2026, 6:16:19 PM

India's startup funding window for May 9-15, 2026 closed at $323M across 22 transactions, anchored by Rapido's $240M round at a $3B valuation. Consumer plays drew material capital: Wingreens (Rs 120 cr), Dil Foods (Rs 72 cr, backed by Bikaji Foods Family Office), and Mekr Technologies (Rs 67 cr).

YourStory · 5/15/2026, 2:47:02 PM

Indian startups pulled in $323M across 22 deals during May 9-15, with Rapido's $240M round accounting for nearly three-quarters of the weekly tally. Consumer plays drew meaningful cheques: Wingreens (Rs 120cr), virtual-restaurant operator Dil Foods (Rs 72cr, backed by Bikaji Family Office), and electronics maker Mekr (Rs 67cr).

YourStory · Capital · 5/15/2026, 2:47:00 PM