Ola, Uber, Rapido Not Shut in Maharashtra; State Targets Only Illegal Bike Taxis
Maharashtra government has rebutted viral social media claims of a blanket shutdown of Ola, Uber and Rapido. Officials clarified that licensed ride-hailing services continue to operate, with regulatory action limited to unauthorised bike taxi operators flouting state norms.
Maharashtra government clarified that Ola, Uber, and Rapido services are not shut, countering viral social media claims. Only illegal and unauthorised bike taxi services are under regulatory scrutiny in the state.
Why this matters
Clarification lands weeks after Rapido's $240M Prosus-led round at a $3B valuation, as the firm expands into food, parcel and flight bookings across 400+ cities.
Retail-company signals steady at 432 in last 90 days, reflecting sustained sector activity.