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Ask about this →0 mentions · last seen 6/5/2026
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Rapido overtakes Ola as Uber's top India rival, raises $240M at $3B valuation
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