Uber is remarking its main competition in India. In a tease shared by Zerodha Co-founder Nikhil Kamath for his podcast 'People By WTF', the global ride-hailing giant's CEO Dara Khosrowshahi has said that Rapido has replaced Ola as its prime rival and competition.
The statement comes after Ola saw a tough year filled with multiple issues across its products, including its electric scooter, commission complaints by cab drivers, and service-related issues reported by users.
-
Indian Markets Turning Corner After Two Tough Years, Says Sandeep Tandon -
NDTV Profit Ignite 2026: Experts See Opportunity In Equities, Stay Bullish For Long-Term -
Buy Right, Sit Tight Does Not Work for Individual Stocks, Says Dinshaw Irani -
'Worst Is Behind': Quant MF Sees Market Bottom, Flags 'Extreme Euphoria' In Midcaps -
India's Mutual Fund Industry Could Become A $1 Trillion Opportunity, Say Fund Managers -
'Foreign Investors Are Baraatis': Raamdeo Agrawal's Take On LTCG Tax -
Stay Invested Through Market Cycles: Raamdeo Agrawal at NDTV Profit Ignite -
Ramesh Damani Remains Bullish On India For Next 20-30 Years, Sees Bargains Amid Market Weakness -
CAS Came After A Long Consultation Process: SEBI Chairman Tuhin Kanta Pandey AT NDTV PROFIT IGNITE -
Aim To Cut FPI Onboarding Time From Mth To Five Days: SEBI Chairman Tuhin Kanta Pandey AT NDTV PROFI
Meanwhile, Rapido, an unlisted company founded in 2015 as theKarrie by two IIT alumni and a PESU alumnus – Aravind Sanka, Pavan Guntupalli, and SR Rishikesh gained traction with its 'Bike-Taxi' offering.
Raipdo was the first company to offer two-wheeler taxi service in the market and quickly gained market share between 2015-2018, soon after which it launched three-wheelers as well as cab service.
People episode 14, CEO of Uber - Dara Khosrowshahi.
August 22, 2025
Coming soon...@dkhos pic.twitter.com/CZGa8oU6IOOther major brands, including Ola and Uber, followed soon in launching three-wheelers and two-wheeler services, but by that time, Rapido had an edge and consumer command over this segment.
What is still working for the company as compared to other ride-hailing giants is low commission and competitive fares. Rapido reportedly charges 0-5% commission per ride, while Uber and Ola charge a commission ranging between 18-22%.
AdvertisementIn February, Rapido, co-founder Aravind Sanka told NDTV Profit that the company does not take any daily commissions. Drivers just pay a subscription fee upfront and keep the fare. Two million drivers work on Rapido platforms every month, according to the co-founder.
Essential Business Intelligence, Sharp Market Insights, Practical Personal Finance Advice, Daily Fuel, Gold and Silver Prices and Latest Stories — On NDTV Profit.