April 22, 2026

rapido

Deal watch: TVS Motor sells Rapido stake for Rs 288 cr; marks full exit from 2022 partnership – The Times of India

Deal watch: TVS Motor sells Rapido stake for Rs 288 cr; marks full exit from 2022 partnership – The Times of India

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TVS Motor Company on Thursday said it has entered into agreements to divest its stake in bike-taxi aggregator Rapido for Rs 287.93 crore, marking a monetisation of its earlier investment in the Bengaluru-based mobility platform, PTI reported.In an exchange filing, the two- and three-wheeler maker said it has signed agreements with Accel India VIII (Mauritius)…

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Ride-hailing battle: Rapido gains users and market share driven by bike-taxi operations; surpasses Uber and Ola – The Times of India

Ride-hailing battle: Rapido gains users and market share driven by bike-taxi operations; surpasses Uber and Ola – The Times of India

admin010 mins

Rapido has emerged as India’s leading ride-hailing service, commanding nearly half the market share, surpassing both Uber and Ola, despite its initial perception as a specialised bike-taxi service.The company’s significant market share stems primarily from its two-wheeler taxi operations, affecting Ola‘s business substantially. Additionally, Uber is experiencing mounting pressure in one of its crucial markets.Data…

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