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Other investors in the round include Bace Fund, Integrated Growth Capital, etc
The company was speculated to be raising $50 Mn led by Westbridge Capital and ShunWei Capital
The company said it is present in over 75 cities and has over 1 Mn captains
Bengaluru-headquartered bike taxi startup Rapido has closed its…
Uber has sought permission to run 5K bike taxis for INR 5 per ride during the scheme
Delhi state regulations do not allow bike-taxi service to operate unlike in other states
Uber currently operates its bike-hailing services in 11 cities
As the Delhi government is all set to roll out the odd-even…
WestBridge Capital is investing INR 222.6 Cr
Other investors include Integrated Capital Growth Limited, BAce Capita, Shunwei Capital etc
Rapido recently acqui-hired Mumbai-based analytics startup Vahanalytics
Bengaluru-headquartered bike taxi startup Rapido is raising INR 391 Cr ($54.54 Mn)…
Two of the four cofounders of Vahanalytics will join Rapido team
Vahanalytics is a data analytics company founded in 2016
In addition to this, CBP Quilvest Trust has also invested in Rapido
Bike taxi startup Rapido has acqui-hired Mumbai-based analytics startup Vahanalytics, according to…
Madras HC had banned operations of Rapido in Tamil Nadu on July 18
The court has now stayed the ban till the state government frame rules for bike taxi operations
Rapido is already facing a ban in Bengaluru
Nearly 15 days after putting a halt on operations of bike taxi…
Around 40 bike taxi riders have protested at the Coimbatore collectorate office
The riders have filed a petition to the government stating the impact of ban
Madras High Court has banned bike taxis’ operations in Tamil Nadu, earlier this month
Earlier this week, a group of 40 bike taxi riders have reportedly…
Rapido currently has 10K active bike drivers
Apple has reportedly removed Rapido app from its store
Madras HC has asked the government to finalise framework in the next four months
Bengaluru-based bike taxi services provider Rapido has now faced the ire of…
Earlier today, Rapido sent out a strange push notification to its users
The company later followed it up with a discount announcement
Earlier this year, Paytm has also sent out a similar notification, which was later found to be a testing error
‘Test’ — that’s all a push notification by Rapido read for thousands…
The round if goes through could value the company at $150 Mn-$200 Mn
WestBridge is said to be inclined to put in $30 Mn
Earlier in January, Rapido raised $10 Mn funding round
Bengaluru-based bike taxi services provider Rapido Bikes is reportedly in final stages…
The Court said that one company cannot be singled out while rivals continue to operate bike taxi services
Has asked state transport dept to submit status on bike taxis by April 16
Karnataka HC was hearing the petition filed by Ola earlier this month
In response to Ola’s parent company ANI Technology’s petition against the Karnataka…
About 170 Rapido bike-taxis have been seized by the department
Department may file a police complaint against the company
Ola was asked to pay a fine of INR 15 Lakh in March for the same issue
After Ola, the Karnataka state transport department is now looking to stop…
The company was fined INR 15 Lakh by the state transport department
Ola has alleged inaction on the part of the department
It has asked for setting up a regulatory framework for the issue of permits for operating of bike taxis
Ola’s parent company ANI Technologies has filed a petition against the state…
