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
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
Bengaluru-based mobility startup LetzRyd has secured $4 million in a Series A funding round led by JIF Capital. The round also saw participation from Japan-based 15th Rock, marking its first investment in India, along with existing backer UNLEASH Capital Partners. Funding to Accelerate Fleet and Technology Expansion The fresh capital will be used to: Expand … Read more
