Government-backed open commerce network ONDC has secured Rs 220 Cr of a Rs 430 Cr round from strategic investors including Zoho (Rs 70 Cr), Uber, Paytm and SBI (Rs 60 Cr each), and BSE Technologies (Rs 30 Cr). Capital will fund AI-led commerce, DigiCatalog and MSME digital rails as transactions hit 218M in FY26.

Entrackr · Newsletter · 6/2/2026, 5:18:17 PM

Uber and Paytm have each committed ₹60 crore to ONDC, following Zoho's ₹70 crore round, deepening ties with the government-backed network now powering 300,000 metro tickets/day across 5 cities and tracking toward 218 million transactions in FY26.

Business Standard · Companies · 6/2/2026, 3:54:27 PM

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

ONDC raised ₹220 Cr ($23.1 Mn) via private placement, with Zoho putting in ₹70 Cr, Uber and Paytm ₹60 Cr each, and BSE ₹30 Cr. The capital deepens strategic backing as the network scales to 7.64 lakh sellers across 616 cities and clocks 21.8 Cr transactions in FY26.

Inc42 · Buzz · 6/2/2026, 12:17:15 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

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

Tamanna Inamdar's column flags 90% LPA monsoon forecast and 92% El Nino odds threatening rural FMCG, two-wheeler and tractor demand. AC sales lag a scorching summer as consumer confidence erodes. Piece also spotlights Hunger Inc's Bombay Canteen, O Pedro and Bombay Sweet Shop reshaping Indian dining.

NDTV Profit · 5/30/2026, 6:02:11 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

Vietnam's Green SM stages 1,500-2,000 VinFast EVs for a mid-June Delhi-NCR launch, scaling to 10,000-12,000 by FY27. ₹8/km fares and ₹35,000 guaranteed monthly driver income undercut Uber and Ola, doubling as a shopfront for VinFast's $2 billion India EV ecosystem and 150,000-unit Thoothukudi plant.

The Hindu BusinessLine · 5/23/2026, 3:37:17 AM

JSW Green Mobility will partner Uber to design and deploy localised electric vehicles for India's ride-hailing fleets, aligning with the country's net-zero ambitions and signalling a major OEM-platform tie-up in urban mobility.

The Hindu BusinessLine · 5/21/2026, 10:31:22 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

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

Centre's Code on Social Security mandates Swiggy, Zomato, Flipkart, Uber and Ola contribute 1-2% of annual turnover (capped at 5% of payouts) to a gig welfare fund targeting 2.35 crore workers by 2029-30. Eligibility gaps and cost pass-through risks loom.

Forbes India · 5/18/2026, 12:10:56 PM

Dara Khosrowshahi says Uber is playing to win in India despite intensifying competition, flagging expansion into allied businesses, a possible return to food delivery, and a larger India role in AI infrastructure.

ET Retail · 5/18/2026, 3:45:28 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

Gig and Platform Services Workers Union (GIPSWU) has called a five-hour nationwide strike Saturday protesting a Rs 3/litre fuel hike (Petrol Rs 97.77/L Delhi, Rs 110.8/L Hyderabad) and low platform payouts. Action threatens cab rides and delivery fulfilment across India's largest quick commerce and ride-hailing platforms.

Times of India · Business · 5/16/2026, 2:22:07 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

Rapido raised $240M primary led by Prosus at a $3B valuation, part of a wider $730M round with WestBridge and Accel. Capital will scale mobility, parcel, food delivery and flight booking across 400+ cities, sharpening the fight with Uber and Ola.

YourStory · Capital · 5/15/2026, 10:18:12 AM

Bengaluru-based Rapido raised $240M in primary capital led by Prosus, valuing the bike-taxi unicorn at $3B as part of a larger $730M round. Capital will fund deeper penetration in 400+ cities, new market entries, and tech investment, sharpening its battle with Uber, Ola, and Namma Yatri.

YourStory · 5/15/2026, 10:18:03 AM