Business News
Swiggy Moves Closer to INR 10,000 Cr QIP After Shareholder Vote
With the approval now in place, the issue could be launched as early as this week.
rapido
Business News
Swiggy Exits Rapido Investment; Prosus and WestBridge Take Over Stake
Deal valued at INR 2,399.5 crore delivers over 2.3 times return on Swiggy's original investment.
Business News
India Adds 11 New Unicorns in 2025, Ai.tech Becomes Fastest to Hit USD 1.5 Bn: Report
Peak XV leads unicorn investments; Zepto's 22-year-olds are the youngest founders.
Business News
Autonomous Vehicles, Market Disruption, and Drivers: Uber’s Vision for the Future of Indian Mobility
I personally believe that autonomous vehicles have to have superhuman levels of safety. It's not good enough for them to be better than humans, says Dara Khosrowshahi, CEO Uber
Business News
Tummoc Expands to Nepal, Eyes Global Growth in Mobility-as-a-Service
In India, Tummoc is active in 22 cities and is targeting expansion to 32–35 cities by the end of 2025, with a goal of reaching 50 cities by 2026.
Business News
Biggest Startup Investments This Week: Feb 08–14
The Indian startup ecosystem saw a flurry of funding activity this week, with major investments pouring into fintech, legal tech, cloud computing, and mobility startups. Here's a look at the biggest funding rounds of the week:
Business News
Rapido Secures INR 250 Cr from Prosus in Series E Round
This latest investment comes just seven months after the company secured USD 120 million in a round led by WestBridge.
Business News
India’s Tech IPO Market Booms in 2024 with Swiggy’s USD 1.34 Billion Debut and Zomato’s Sensex Milestone: Report
Among India's 29 profitable unicorns, Zerodha led the pack, emphasising the ecosystem's shift toward sustainability. Inclusivity also shone through, with 19 unicorns led by women founders, showcasing the evolving entrepreneurial landscape.
Business News
Year in Review: The Best Funded Startups of 2024
Highlighting 2024 key funding deals, innovative startups across industries secured substantial investments, driving growth, fostering innovation, and unlocking new opportunities for market expansion and development.
Business News
Playbook Partners Raises USD 130 Mn in First Close, Eyes USD 250 Mn Target
The funds have been raised through established global investors from Europe, the US, the Middle East, and India. With the green shoe option in play, Playbook Partners aims to increase the fund to USD 250 million.
Business News
Rapido Hits Unicorn Status with USD 1.1 Bn Valuation After USD 200 Mn Series E Funding
The newly raised capital will be utilised to fuel Rapido's expansion across India and further enhance its technological platform, which is aimed at improving service delivery and user experience.
Business News
The Best Startup Funding This Week: July 27–Aug 2
Here is a list of the startups that have raised the most money this week, from July 27 to Aug 2.
Business News
Rapido Achieves Unicorn Status with USD 120 Mn Series E Round Led by WestBridge Capital
Rapido is the third company to join the unicorn club this year, following fintech Perfios and AI startup Krutrim.
Business News
This 30-Year-Old Introduced The Original Bike Taxi Segment In India
Founded by Aravind Sanka along with his co-founders Pavan Guntunpalli and Rishikesh SR, Rapido now enjoys a customer base of 10 million users with a presence in 100 cities
Business News
This Bike Taxi Start-up Aims To Make Transportation Accessible to Next 200 million Users This Year
Bengaluru-based bike taxi provider, Rapido is working towards making commuting easier and affordable by allowing users to book a two-wheeler ride through its mobile app
Business News
Bengaluru-based Taxi Start-up Rapido Raises US$55 million in Series C round of funding led by WestBridge Capital & Others
Rapido Raises US$55 million in Series C round of funding led by WestBridge Capital & Others