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In the three-wheeler segment, Rapido competes with Namma Yatri, which launched its zero-commission services in Delhi. Namma Yatri raised $180 million in funding and expanded to multiple cities.
Rapido claims that it is a SaaS-based platform that has a zero-commission model for cab captains.
Rapido also aims to expand across India by the middle of 2024, said co-founder Pavan Guntupalli
A 22-year-old woman in Bengaluru has filed a sexual harassment complaint against the driver of an auto-rickshaw she hired through Rapido.
Business correspondents (BCs) are being roped into the governments financial inclusion plans in a big way. Besides providing traditional services such as account opening and payments, these last-mile banking intermediaries have now ventured into more complex areas like credit and insurance. This and more in todays Morning Dispatch.