Rapido
Tracked across 12 events · 170 articles · First seen Aug 15, 2025 · Last active May 28, 2026
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Business
Rapido, an urban mobility platform, has successfully raised $240 million in a fresh funding round, primarily led by Prosus, with significant participation from existing investors WestBridge Capital and Accel-KKR. This transaction values Rapido at $3…
Impact: Rapido raised $240 million in a funding round, increasing its valuation to $3 billion, which will be used for expansion and technology investment.
May 15, 2026 · 11 articles
Business
Impact: Rapido is the ride-hailing company whose app was mimicked by a driver to overcharge passengers. The company has suspended the driver's account and apologized for the incident, which negatively impacts its reputation and user trust.
Nov 06, 2025 · 6 articles
Accidents
Impact: Rapido is the ride-hailing company whose driver is accused of harassment, leading to negative publicity and concerns about rider safety.
Nov 07, 2025 · 8 articles
Regulatory
India — Maharashtra Transport Minister Pratap Sarnaik has directed the cyber crime department to immediately shut down unauthorized bike taxi apps operated by aggregators such as Ola Consumer, Uber, and Rapido, and to register criminal…
Impact: Rapido is specifically flagged as posing the most serious threat to public safety due to its high number of detected violations and lack of safeguards, facing immediate shutdown and criminal charges.
May 12, 2026 · 7 articles
Business
Impact: Rapido entered the food delivery market with a zero platform fee model, which could disrupt the pricing strategies of Zomato and Swiggy.
Mar 20, 2026 · 22 articles
Domestic
The Gig and Platform Service Workers Union (GIPSWU) initiated a five-hour nationwide shutdown of app-based services in India on May 16, 2026, from 12 pm to 5 pm. This protest was in response to a…
Impact: Rapido, an app-based transport service, is experiencing disruptions due to the gig worker shutdown, facing pressure to address worker demands for higher pay.
May 15, 2026 · 22 articles
Business
Impact: Rapido launched its food delivery platform, Ownly, offering lower commission rates to restaurant partners, posing new competition to Swiggy and Zomato.
Aug 15, 2025 · 7 articles
Regulatory
Impact: Rapido was mentioned as an operator whose provisional bike taxi licenses were suspended due to regulatory and safety violations, indicating potential challenges for ride-sharing companies in India — Maharashtra.
Mar 13, 2026 · 7 articles
Business
Impact: Rapido launched its food delivery service 'Only' in Bengaluru, introducing new competition to the market.
Mar 24, 2026 · 30 articles
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Rapido raised capitalRapido Raises $240M Led by Prosus
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Prosus led funding round RapidoRapido Raises $240M Led by Prosus
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Rapido expanded operationsRapido Raises $240M Led by Prosus
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India — Maharashtra detained vehicles RapidoMaharashtra Cracks Down on...
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India — Maharashtra detected bike taxis RapidoMaharashtra Cracks Down on...
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