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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
The bike taxi aggregator is exploring a sale, even as it hunts for fresh funding, given the state shared mobility is in and the flagging of investor interest.
Editor's note: From the outside, the company seems healthy. In what has been a horrible year for mobility, Rapido has closed its Series C funding this year—netting about $50 million in August. The latest round of funding valued the company at about $235 million. After Ola, Rapido has raised the most funds this year in mobility, according to data from Venture Intelligence. Surprisingly, Rapido has been considering a sale and is in talks with at least one company for a possible buyout, according to two people aware of the details, who asked not to be identified. Meanwhile, it has also been trying to raise a bigger funding round too. Whichever happens first. The company does not seem to be in a rush to sell, but it faces a knotty problem. One, this would be the third sale of a mobility startup we are hearing about in the past six months. Bus company Shuttl was forced to shut down and was eventually sold to Chalo, which has a public transport app. Scooter rental company Vogo is also in the market and in talks …
The food-tech pioneer is on the brink of losing its decade-long fight for survival, laying bare the pitfalls of the cloud kitchen business.
In light of the recent exits of top executives at Swiggy’s quick commerce business, we look at the reasons behind the departures and whether it’s impacting the business.
The ride-hailing company is gradually ramping up its food delivery business and at least one of the two major players has blinked in response. How credible is the threat?
