Ride-hailing firm Rapido has denied having any involvement in an investigation being carried out by the Enforcement Directorate in the Rs 331-crore money deposit trail in a bike taxi driver account, the company said on Saturday. The driver's bank account received deposits worth Rs 331.36 crore between August 19, 2024, and April 16, 2025, according to ED officials. This was a classic case of a "mule" account being used to pump dirty money. A mule account is used to funnel illicit funds generated from financial crimes, and the actual owner is not its user. Such accounts are created using fake or hired KYC, where someone lends their account in lieu of a commission. The ED officials stumbled upon the Rapido bike driver while investigating the 1xbet online betting-linked money-laundering case. Rapido said that it is providing the required information to the Enforcement Directorate. "The individual mentioned is one of the two crore registered captains associated with us for bike taxi ..
About 59 per cent of app-based taxi users said they have faced hidden charges -- fees not shown upfront but added at the end of the ride
Uber has launched a women-only ride option in the US, starting in Los Angeles, allowing women riders and drivers to choose each other for a safer travel experience
With BluSmart suspending metro operations, Uber, Rapido, and others are intensifying their push into high-growth airport routes, driven by a steady rise in domestic air passenger traffic
The web of companies they created has now come to haunt them, especially when their latest creation BluSmart was just catching the public eye and the Jaggis were walking into stardom
BluSmart co-founder Anmol Singh Jaggi has been accused by Sebi of diverting ₹26 crore from Gensol for personal expenses, including transfers to linked entities
Low-cost mobility platform reports more than two-fold increase in gross order value of Rs 2,461 cr in Q2 FY25
BluSmart has raised $109 million across its seed and Series A rounds to date
Ride-hailing app said that its chauffeur-driven luxury service in Dubai will commence with a premium Audi e-tron car fleet
BluSmart operates in Delhi NCR and Bangalore using car models such as Tata Tigor EV, MG ZS EV, and BYD E6
Khosrowshahi explored the Uber Shuttle in Bengaluru along with members of the Uber Tech team that is building the product for India and the world
With nearly 10,000 drivers already on board, Namma Yatri plans to add 100,000 drivers in the next six months, the company said
The announcement said that the investment will help BluSmart expand its EV charging infrastructure across the country
Even before he joined Lyft's board in 2021, David Risher had taken hundreds of trips as a passenger so he felt like he knew a lot about the ride-hailing service. But he never expected to be thrust into the driver's seat at a time when Lyft was running like a jalopy. I really was gobsmacked, Risher said during an interview with The Associated Press as he recalled being recently asked to replace Lyft co-founder Logan Green as CEO. Risher quickly shook off his initial shock and is now making an effort to reverse the San Francisco company's mounting losses and sagging stock price. Just days after taking over as CEO, Risher came up with a restructuring plan that includes laying off nearly 1,100 employees whose job losses could help him attain stock price incentives potentially worth nearly USD 1 billion. Like any mass layoff, the payroll purge will uproot the lives of those suddenly out of a job while sowing uncertainty among Lyft's remaining 3,000 employees. But Risher believes the deep
Commuters are most likely to forget their belongings in Ubers on Saturdays
Uber announced a slew of new technology-led safety features like audio rear seatbelt reminder, proactively detecting trip anomalies, customer SOS integration with local police and more
Industry sources say the service was not proving any value to the ride-hailing company
Experts say Karnataka authority's ruling would not apply to Uber, Ola and other cab aggregators
Action after complaints of overcharging
Ride-hailing platform Lyft has announced to freeze all hirings amid the economic instability and recession fears