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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
As Rapido and Uber pull ahead, falling traction and mounting financial stress leave Ola with few options.
Bhavish Aggarwal’s Ola Consumer (erstwhile Ola Cabs) is fast fading into irrelevance. Once a promising—if constantly troubled—business, it now trails both its old rival Uber and the new challenger Rapido, largely at its own expense.
The shift is clear in user traction. Rapido has raced ahead in both downloads and monthly active users (MAUs). In June 2026, it had 87 million MAUs compared with Ola’s 25 million, according to market intelligence firm Sensor Tower. Over the past year, Rapido has added 32 million users, while Ola has lost 5 million. Uber, too, is pulling away, with MAUs rising 3.2 million …
The EV maker is back for fresh capital as its businesses fail to generate enough to sustain themselves.
Despite reducing total losses, the electric scooter maker is losing double the money for every rupee it earns. Collapsing sales, shrinking market share and mounting cash pressure expose its vulnerabilities.
Shared rides seemed tailor-made for India’s congested cities. Yet, economics, trust and regulation kept the idea from scaling.
