Ride-hailing battle: Rapido gains users and market share; surpasses Uber and Ola

Rapido, initially known for bike taxis, has overtaken Uber and Ola in India's ride-hailing market, driven by its two-wheeler dominance. Uber CEO acknowledges Rapido as tougher competition, prompting fare cuts and a driver subscription model. While Uber leverages its financial strength to compete, Rapido focuses on sustainable growth despite cash burn.

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