Don’t miss the latest developments in business and finance.

Bike Sharing

Rapido to launch 'pink' bikes in Karnataka, creating 25,000 jobs for women

Ride-hailing service provider Rapido is set to roll out its new fleet of 'Pink Rapido' bikes in Karnataka -- all driven by women, for women -- by the end of this year.The company's co-founder, Pavan Guntupalli, revealed this ambitious plan while answering a query at the 'Global Investment Summit' on Friday here."Our goal is to provide 25,000 job opportunities for women by introducing women captains on Rapido bikes. If a woman can safely travel with an unknown driver, reaching her destination with ease, it can be considered our success," Guntupalli said.He emphasised that the initiative is not just about creating jobs, but about offering women a safe and empowering work environment. "We have implemented several safety measures to ensure a secure ride experience. Even women without advanced education or skills are finding opportunities in nearby towns, which is a matter of pride for us. Around 35 per cent of our workforce comes from smaller cities and towns," he added.Guntupalli also ...

Updated On: 14 Feb 2025 | 10:25 PM IST

Bike startups had boomed just before the bans rolled out in Mumbai, Delhi

Funding, number of new startups had both risen significantly since the pandemic began

Updated On: 24 Feb 2023 | 5:30 PM IST

These entrepreneurs are turning their fleet into e-scooters after Covid hit

Bounce has crossed six million km on its electric scooters fleet, using a network of kirana owners, who have enabled over 150,000 battery swaps

Updated On: 05 May 2021 | 10:05 AM IST

Ola sees full recovery in cities, says demand to continue after festivals

The SoftBank-backed ride-hailing firm had seen a massive slump during the lockdown but is now seeing close to 100 per cent recovery in key cities

Updated On: 13 Nov 2020 | 7:43 PM IST

Uber loses $2.9 bn in coronavirus crisis, drops bike and scooter business

Demand for the Eats business grew 89 per cent in April, excluding India, and we've seen an enormous acceleration in demand since mid-March, Khosrowshahi said

Updated On: 08 May 2020 | 5:34 PM IST

Bengaluru's Bounce becomes world's fastest-growing bike-sharing start-up

Start-up clocks 60,000 rides per day; this puts it at par with global players such as scooter-rental companies Lime and Bird

Updated On: 31 Jul 2019 | 12:56 PM IST

Bike-sharing platforms bring last-mile connectivity to India

Are these platforms scalable?

Updated On: 02 May 2019 | 10:34 AM IST