Uber CEO Dara Khosrowshahi has named Rapido—not Ola—as the corporate’s hardest rival in India, signaling a significant shake-up within the nation’s ride-hailing hierarchy.
Talking on the Folks by WTF podcast hosted by Zerodha cofounder Nikhil Kamath, Khosrowshahi mentioned, “Ola was our fundamental competitors. Now, the more durable competitors in India is Rapido.”
Rapido has quickly grown its market presence throughout car classes. Within the four-wheeler phase, it now holds an estimated 20% market share—narrowing the hole with Ola’s 30%, whereas Uber leads with round 50%. Sources say Rapido continues to realize floor on each opponents.
The Hyderabad-based startup’s gross order worth (GOV) surged to $1.25 billion in FY25, up from $500 million the earlier yr. The expansion has been fueled by aggressive service growth however has additionally include excessive money burn and mounting losses.
When requested what recommendation he’d give younger entrepreneurs in mobility or supply, Khosrowshahi joked, “Don’t construct something like Uber as a result of we’ll kick your ass.” Kamath quipped again, “You should purchase us later.”
Rapido lately resumed bike-taxi providers in Bengaluru after the Karnataka Excessive Court docket questioned the legality of the state authorities’s ban. Earlier this month, it additionally entered meals supply with a brand new service referred to as Ownly, now stay in choose Bengaluru areas, the place it goals to undercut Swiggy and Zomato with decrease costs and flat supply charges.
As Rapido pushes into each mobility and meals supply, it’s changing into a formidable participant in India’s crowded tech panorama.
