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