Maharashtra Moves To Shut Down Ola, Uber, Rapido Bike Taxis; FIRs Sought Against Management
State transport minister has directed cyber police to halt bike taxi operations of Ola, Uber and Rapido and file FIRs against their leadership, citing illegal running after March 2025 licence revocation, safety concerns and threat to autorickshaw drivers' livelihoods.
Maharashtra transport minister has asked cyber police to shut down Ola, Uber and Rapido bike taxi services and file FIRs against management, citing illegal operations, safety lapses and harm to autorickshaw livelihoods after provisional licences were revoked in March 2025.
Why this matters
Regulatory blow lands months after Rapido hit a $2.82B valuation on a $240M Series F that gave WestBridge and Prosus a 56% combined stake, intensifying scrutiny of its core bike taxi model.
Retail-company signals steady at 2,009 in last 90 days.