Uber Infuses ₹2,921 Crore into India Arm Amid Rapid Rise of Rapido

Uber has strengthened its India operations with a capital infusion of ₹2,921 crore, as competition in the ride-hailing market intensifies. The investment comes at a time when rival Rapido is expanding aggressively across segments. 

Capital Infusion and Financial Performance 

Uber India Systems Pvt Ltd allotted 14.4 million equity shares at ₹2,022.85 each, raising ₹2,921 crore. The funds were injected by parent entity Uber B.V. in 2 phases, ₹200 crore in November and ₹2,721 crore in January. 

The capital support follows a sharp decline in reported net revenue from ride-hailing operations. Net revenue fell 89% to ₹88 crore in FY25, compared with ₹807 crore in FY24. However, gross commission revenue from rides remained steady at ₹2,604 crore during the year. 

Market Competition Heats Up 

Rapido has emerged as a formidable challenger. The company crossed ₹1,000 crore in income in FY25 and previously raised ₹125 crore from Nexus Venture Partners. Swiggy recently exited its stake in Rapido at over 2.5X returns, selling to Prosus and WestBridge Capital. 

In the 4-wheeler segment, Uber holds around 45% market share, while Ola commands 25–30%. Rapido, which entered the cab business in late 2023, has already secured more than 20% of that market.  

Across all ride categories, Rapido leads with 50% share by total rides, compared with Uber’s 40%. In bike and 3-wheeler services, Rapido controls over 65% of the market. Uber CEO Dara Khosrowshahi has acknowledged Rapido as the company’s most significant competitor in India. 

Read More: ‘Pay ₹500, Become Co-Owner’: Bharat Taxi Bets on an Amul-Like Playbook That Built a ₹1.25 Lakh Crore Giant From ₹50 Contributions! 

Conclusion 

With ₹2,921 crore in fresh capital, Uber is reinforcing its position in one of its most competitive global markets. As Rapido scales rapidly across ride categories, the battle for leadership in India’s mobility sector is set to intensify further. 

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