Uber Increases Investment Amid Rapido's Growth and Food Delivery Expansion in India

Uber and Rapido are intensifying competition in India's ride-hailing market, with Uber investing nearly ₹3,000 crore recently to counter Rapido's rapid growth and stronger cash position. While Uber focuses on expanding its financial resources, Rapido is diversifying into food delivery with its Ownly app, offering a zero-commission model but facing challenges like limited restaurant partnerships and technical issues. Experts note that Rapido's success in ride-hailing may not easily translate to food delivery due to market dynamics and competition from established players like Swiggy and Zomato.