RRapido is a technology platform in India that connects riders with a large network of driver partners via a mobile app to provide on-demand transport. Its main offering is bike taxis, but it also supports auto-rickshaws, cars, logistics, and a food delivery vertical called Ownly. Riders see real-time tracking, upfront pricing, and automated dispatching; drivers access the platform through a SaaS-based subscription with a nominal daily fee and no commission on earnings. The company aims to ease urban congestion by delivering fast, affordable, multi-modal mobility and last-mile logistics across more than 150 cities, using a low-asset model and data-driven operations.
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Industries
Company Size
5,001-10,000
Company Stage
Private
Total Funding
$825.3M
Headquarters
Bengaluru, India
Founded
2015
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Total Funding
$825.3M
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MakeMyTrip, Zen Technologies and Persistent Systems drive a busy week for Indian acquisitions. Table of Contents Indian companies are making strategic moves across travel, defence technology and IT services. MakeMyTrip is reportedly examining a deal for carpooling platform Quick Ride, Zen Technologies has approved a majority investment in Cogknit Semantics, and Persistent Systems is preparing longer-term funding for its Nagarro acquisition. These are not identical transactions. One remains under discussion, one is board-approved but awaits closing conditions, and one is part of a large acquisition already moving towards completion. MakeMyTrip explores a Quick Ride acquisition. MakeMyTrip is reportedly in due diligence to acquire Quick Ride through its redBus business. Due diligence is the stage where a potential buyer studies a company's finances, technology, legal matters and business operations before signing a final agreement. Find Travel Agents Quick Ride was founded in 2014 by K.N.M. Rao and Shobhana Sriram. It connects people travelling on similar routes for carpooling and bike pooling, with a strong focus on office commuters. The reported deal may involve cash and equity, but no official valuation, price or closing date has been announced. This means the transaction could still change or fail to close. The move makes strategic sense because redBus already operates rPool, its own carpooling offering for verified professionals. Quick Ride could add users, commuter routes and operational experience in a market where daily traffic congestion remains a serious issue. Quick Ride competes with carpooling alternatives and, more broadly, with ride-hailing services such as Ola, Uber and Rapido. However, its shared-commute model is designed more around lowering travel costs than booking an individual cab. Zen Technologies targets Cogknit Semantics. Zen Technologies has approved an investment of up to Rs. 135.15 crore for a 51.98% stake in Cogknit Semantics as per its Press release. Once customary closing conditions are met, Cogknit will become a Zen Technologies subsidiary. Cogknit is a Bengaluru-based defence technology company that builds battlefield management and situational-awareness systems. A battlefield management system is software that helps military units view and share important information, such as location, equipment status and field updates, in real time. Zen is known for defence training simulators and anti-drone systems. Cogknit's technology could help Zen move further into software-led defence operations, rather than focusing only on simulation and training equipment. The company said its investment includes fresh funding for Cogknit as well as the purchase of existing shares. Cogknit's founding team is expected to continue leading the business after the transaction. Persistent's Nagarro funding plan. Persistent Systems is reportedly preparing to raise up to $450 million through equity, a Qualified Institutional Placement or QIP, and other equity-linked instruments as per Moneycontrol. Read Company News A QIP allows a listed Indian company to raise money from qualified institutional investors, such as mutual funds and insurance companies. It can provide capital quickly, but issuing new shares may reduce the ownership percentage of existing shareholders. The planned funding is linked to Persistent's acquisition of German digital engineering company Nagarro. Persistent has already secured about 94.04% of Nagarro's share capital through its takeover offer, according to the company. The transaction is expected to close by the end of the first quarter of calendar year 2027, subject to remaining approvals. Persistent wants to replace short-term bridge financing with longer-duration debt and equity. The combined business would strengthen its presence in Europe and broaden its AI-led digital engineering capabilities.
Rapido launches 'Bike Lift' option amid Karnataka bike taxi row. BENGALURU: Rapido has introduced a new 'Bike Lift' option in Bengaluru, allowing two-wheeler owners to earn money by giving lifts to passengers travelling in the same direction. The move comes amid the continuing legal uncertainty surrounding bike taxi services in Karnataka. Under the feature, bike owners can view ride requests from passengers whose destinations align with their existing routes. The idea is to help riders earn from journeys they are already making while limiting additional travel and detours. How Rapido's Bike Lift feature works. The new option allows bike owners to carry passengers travelling along their route. According to reports, participating riders can earn Rs 5 per kilometre, while the platform does not charge commission for the service. Unlike a conventional bike taxi arrangement, the feature is presented as a way to connect people travelling in a similar direction. By matching passengers with riders already heading towards their destination, the service aims to make use of available two-wheeler trips. The feature is being piloted in Bengaluru and other cities. However, details about its wider availability and how the service will operate across different locations remain limited. Bike taxi services remain a legal flashpoint. Rapido's latest move comes against the backdrop of the ongoing dispute over bike taxi operations in Karnataka. The issue has involved app-based aggregators, individual bike owners and the state government, with questions surrounding permits, registration and the rules governing passenger transport on two-wheelers. In January 2026, the Karnataka High Court set aside an earlier order that had effectively halted bike taxi services. The division bench said authorities should consider applications to register motorcycles as transport vehicles and grant contract carriage permits under the Motor Vehicles Act, while allowing the government to impose appropriate conditions. The state government has challenged the ruling before the Supreme Court. The outcome of the legal proceedings is expected to influence how bike taxi services can operate in Karnataka. What the new option could mean for riders. The Bike Lift feature could provide another way for two-wheeler owners to earn money from their daily travel, particularly when they have spare space and are already heading towards a passenger's destination. For commuters, it may offer an additional travel option, depending on availability and the rules applicable to the service. However, the distinction between offering a lift and operating a commercial passenger transport service could be important amid the ongoing regulatory dispute. The precise legal and operational status of the new feature will depend on the applicable rules and any further directions from the courts or transport authorities. Rapido has not publicly commented on the rollout, according to the report. Further clarity may emerge as the legal proceedings continue. Read also. 20 October 2026 19 October 2026
Uber, Ola, Rapido get Delhi High Court notice over safety of women passengers. Published: 5:00 PM, Sep 30, 2026 Updated: 5:01 PM, Sep 30, 2026 During the hearing, counsel for petitioner Aditya Sehgal told the court that app-based ride-hailing companies operate more than two lakh cabs in the Delhi-NCR region. The counsel alleged that adequate checks on drivers are not carried out during night hours, particularly after 8 pm or 9 pm, including at airports and other strategic locations. The PIL seeks directions to ensure that the driver and vehicle operating a ride match the details shown on the app. ChatGPT generated/Representative Image The Delhi High Court on Wednesday, September 30, issued notices to ride-hailing companies Uber, Ola and Rapido, along with the Centre and the Delhi government, in a Public Interest Litigation seeking stronger safety measures for women using app-based cab and ride-hailing services. A Division Bench comprising Chief Justice Devendra Kumar Upadhyaya and Justice Tejas Karia asked the concerned parties to submit their responses and scheduled the matter for further hearing on December 16. The court said it wanted to make private operators of taxi applications accountable for the safety mechanisms provided to passengers. "We want to make the private operators of the taxi apps accountable. That is the reason we are issuing notices," the bench observed.
Rapido files insolvency plea against Magicpin over unpaid operational dues. Rapido has filed an insolvency petition against Magicpin at the NCLT over alleged unpaid operational dues of less than ₹10 crore. Rapido takes Magicpin to NCLT over unpaid dues (Photos: X/@rapidoapp_, mymagicpin) Mobility platform Rapido has filed an insolvency petition at the National Company Law Tribunal (NCLT) against hyperlocal e-commerce platform Magicpin. Consequently, the Chandigarh Bench of the NCLT issued a notice to Magicpin, asking the company to file its response. The dispute centres on operational dues claimed by Rapido. However, the tribunal has not yet admitted the insolvency petition or determined the merits of the claim. Magicpin's response and the subsequent hearing will be important in establishing how the matter proceeds. Rapido and Magicpin had earlier partnered to expand Rapido's food delivery business, Ownly, with Magicpin providing access to its nationwide network of more than 80,000 restaurants. The partnership aimed to help Ownly scale beyond Bengaluru, while Magicpin was to leverage Rapido's delivery fleet in select locations. Notably, Magicpin has also previously powered food delivery for platforms including Paytm and PhonePe. People aware of the matter said the amount involved is less than ₹10 crore and relates, among other things, to the reconciliation of payments as well as costs incurred by Rapido for deliveries and logistics. Rapido, registered as Roppen Transportation Services Private Limited, has filed the petition under Section 9 of the Insolvency and Bankruptcy Code (IBC), 2016, which allows an operational creditor to seek the initiation of a corporate insolvency resolution process in relation to an alleged default. According to the case details provided, the tribunal issued its initial notice on August 4. At the subsequent hearing on August 25, the legal counsel representing Magicpin sought additional time to submit its response. The two-member Bench, comprising K.K. Singh, Member (Technical), and Ashok Kumar Bhardwaj, Member (Judicial), granted Magicpin one week to file its response. The tribunal also directed that any rejoinder be filed before the next hearing, which is scheduled for October 5, 2026. Rapido was represented at the August 25 hearing by advocates Gulshan Kr. Sachdev, Jatin Arora and Ishaan Goel. Magicpin was represented by advocates Prachi Johri, Monika Shahi, Sachin Jain and Himanshu Sharma.
Rapido under scrutiny for demanding additional fare and pre-ride tips from users; CCPA imposes fine for using "dark practices" Central Consumer Protection Authority (CCPA) - India's consumer watchdog - found bike-taxi aggregator Rapido guilty of using deceptive prompts, a manipulative fare slider, and pre-ride tipping requests to prompt users into paying beyond the originally quoted fare, violating dark pattern regulations. CCPA has fined Rapido Rs 10 lakh for using dark patterns like "confirm shaming" and misleading fare prompts to pressure users into paying more for rides Published on: Sep 16, 2026, 00:30 Updated on: Sep 16, 2026, 00:30 Follow NewsGram WhatsApp Channel Key Points The Central Consumer Protection Authority (CCPA) fined Rapido's parent company, Roppen Transportation Services, for using deceptive practices that pressured users into paying more than the initially quoted fare. CCPA classified Rapido's fare-increase prompts as "confirm shaming" and its price slider design as "interface interference," both violations under India's 2023 dark pattern guidelines. CCPA said tips should only be requested after a ride is completed, rejecting Rapido's defense that its tipping prompts were voluntary and mirrored real-world fare negotiation. BIKE-TAXI AGGREGATOR RAPIDO has been fined Rs 10 lakhs for deceiving customers with fraudulent practices and prompting them to pay more for rides. In an order issued on August 31, 2026, the Central Consumer Protection Authority (CCPA) - India's premier regulatory body for consumer rights protection - imposed a penalty on the service platform and found it guilty of indulging in misleading advertisements, unfair trade practices, unfair contracts, and the use of covert practices to prompt riders to pay more before their rides were confirmed. Users complain Rapido's pre-ride tipping and excess pricing during rush hours practices. The CCPA fined Rapido's parent company, Roppen Transportation Services Private Limited. The consumer watchdog body undertook a wide-scale assessment of ride hailing platforms and aggregates operating in India - including Rapido, Ola, and Uber - focusing on dynamic pricing and pre-ride tipping practices. The evaluation was prompted by a complaint filed by a user on May 16, 2026. In the complaint, the user stated that Rapido had introduced a feature prompting users to pay a "tip" to the driver before confirmation of the ride to increase their chances of getting a ride faster. The complainant further alleged the bike taxi aggregator levied excessive pricing during peak hours. During its assessment of Rapido, the CCPA found that the ride hailing platform incited users into paying more to increase their chances of getting a ride. The Rapido application works in a specific way, which begins with it quoting a fare for the requested ride. However, after some time with no rider accepting the request, the application displays a message for the user to add 'additional fare.' "Higher the price, higher the chance of getting a ride"; "Captains aren't accepting at Rs 60. Try adding +10, +20, +30," are some of the prompts seen on the app's interface asking for additional fare. CCPA argues that such a practice deceives the users into believing that their chances of getting a confirmed ride is directly dependent upon the amount of additional fare they give. They argued that once a user has committed to booking a ride, it leaves limited scope for negotiation. The 'no-so-covert' Rapido prompts that ask for additional fares could create a sense of urgency and fear of losing the ride if the consumer declined to pay more, the CCPA further remarked. The consumer protection body has deemed this practice to be an instance of "Confirm Shaming" - identified under the Guidelines for Prevention and Regulation of Dark Patterns, 2023. According to the CCPA, asking consumers to pay an additional amount after they had already accepted the initially displayed fare could create psychological pressure. The authority said this was especially important because the rider had already reached the booking stage and was depending on the platform to arrange a ride. A message indicating that the likelihood of getting a ride was lower without paying extra could consequently encourage the consumer to spend more. The Consumer Protection Authority also reviewed Rapido's 'Set your price' feature and questioned the manner in which its fare options were displayed. Rapido's app interface allows users to suggest a custom fare amount while requesting a ride. Users can decide upon the custom price by using a "price slider" and setting it upon the desired price. CCPA observed that the slider used different colors to show options for raising or lowering the fare. When users increased the amount, a green message reading 'higher chance of getting a ride' appeared. However, attempts to reduce the fare triggered a red or orange warning. The consumer protection body further pointed out that the slider provided more room for increasing the fare than for lowering it. The authority categorized the design as 'Interface Interference', another type of dark pattern, stating that the interface could influence consumers into selecting a higher fare. CCPA questions Rapido asking for tips before ride starts. The CCPA also questioned the policy of Rapido asking for a tip even before the ride had even started. The body stated that the fare quoted at the time of the trip's booking already takes into consideration various deciding factors such as distance, time, traffic, tolls, and the amount payable to the driver. CCPA commented that it found no justification for asking a user to pay an additional amount for the same ride before the service had begun. In its defense, Rapido's parent company argued tipping wasn't a mandatory requirement after a ride has been accepted and is completely voluntary A tip is a voluntary amount that a user pays to a service provider based upon the quality of the service received, the consumer protection body observed. Citing the Motor Vehicle Aggregator Guidelines, 2025, the CCPA stated that tips should not be presented as a condition for providing the service or as a payment necessary to obtain a ride, and should only be given after the completion of the service. Rapido's Defense and CCPA's Action. In its defense, Rapido's parent company argued tipping wasn't a mandatory requirement after a ride has been accepted and is completely voluntary. It also says that its matching algorithm that connects users with riders continues functioning regardless if a tip is received. The bike-taxi aggregator further argued that the prompts its app displays asking for additional amounts mimics the real-price haggling that takes place between riders and users. The CCPA, however, rejected Rapido's submissions on tipping. As of now, the CCPA has provided Rapido a timeframe of 15 days from the date of the issue of the notice to submit a compliance report. (Edited by Agniva Ray) Suggested reading:
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Industries
Company Size
5,001-10,000
Company Stage
Private
Total Funding
$825.3M
Headquarters
Bengaluru, India
Founded
2015
Find jobs on Simplify and start your career today
We update Rapido's jobs every few hours, so check again soon!Browse all jobs