Entrepreneur News Network

This Tamil Nadu Startup Lets Drivers Keep 100% of Their Fare — And Investors Are Betting It Can Outlast Ola and Uber’s Commission Model

Taxina Founders Story

While millions of Indian gig drivers absorb commissions of up to 40% per ride, a Salem-based startup backed by Tamil Nadu’s taxi unions is betting that the real disruption in ride-hailing isn’t a better app — it’s a fairer business model. For the better part of a decade, India’s ride-hailing economy has run on a … Read more

Rapido Raises $240 Million Led by Prosus, Valuation Climbs to $3 Billion

Rapido

Indian mobility platform Rapido has raised $240 million in a fresh funding round led by Prosus, with participation from existing investors including WestBridge Capital and Accel. The investment is part of a broader $730 million transaction that includes both primary capital infusion and secondary share sales by existing shareholders. Following the latest round, Rapido’s valuation … Read more