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Can Rapido become Ola before Ola becomes Rapido?
This episode of The Nutgraf was first published on 10 May.
Unlock immediate access to the latest episodes and all of The Ken’s audio offerings. Subscribe to The Ken’s Premium plan at the-ken.com/pricing/, or purchase a monthly audio subscription for The Ken Premium on Apple Podcasts (Rs 299 in India).
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Earlier in May, Ola’s investors slashed Ola's valuation to $1.2 billion—a drop of over 80% from its peak in 2021. On the other hand, at least one of the investors of rival Rapido believes that Rapido is worth $1.1 billion.
Even if you ignore the specific valuations, the trend has been uncontestable. Ola is falling, Rapido is climbing, and now, their paths crossed in a moment of reversal. How did this happen?
Well, there are two theories for it, explained Praveen Gopal Krishnan in this episode of The Nutgraf. Tune in.
Update: At 3:40, we incorrectly mention that Rapido raised $200 billion from Westbridge Capital in September 2024. The correct figure is $200 million.
P.S. You can also read this edition here: https://the-ken.com/the-nutgraf/can-rapido-become-ola-before-ola-becomes-rapido
The Ken articles referenced in the episode:
Krutrim is whatever Ola wants it to be - https://the-ken.com/the-nutgraf/krutrim-is-whatever-ola-wants-it-to-be/
Here's how the Swiggy, Zomato duopoly might crack - https://the-ken.com/the-nutgraf/we-just-found-out-how-to-break-the-swiggy-zomato-duopoly/
How Ola and Uber are being disrupted in Bengaluru - https://the-ken.com/the-nutgraf/how-ola-and-uber-are-being-disrupted-in-blr/
From original podcasts to writer-narrated versions of our subscriber newsletters, you can now listen to The Ken each day. Discover them all at the-ken.com/podcasts. You can also subscribe to The Ken Premium on Apple Podcasts for an easy monthly price (Rs 299 in India). The channel will include ALL our premium podcasts and audio.
View all episodes
By The KenThis episode of The Nutgraf was first published on 10 May.
Unlock immediate access to the latest episodes and all of The Ken’s audio offerings. Subscribe to The Ken’s Premium plan at the-ken.com/pricing/, or purchase a monthly audio subscription for The Ken Premium on Apple Podcasts (Rs 299 in India).
------
Earlier in May, Ola’s investors slashed Ola's valuation to $1.2 billion—a drop of over 80% from its peak in 2021. On the other hand, at least one of the investors of rival Rapido believes that Rapido is worth $1.1 billion.
Even if you ignore the specific valuations, the trend has been uncontestable. Ola is falling, Rapido is climbing, and now, their paths crossed in a moment of reversal. How did this happen?
Well, there are two theories for it, explained Praveen Gopal Krishnan in this episode of The Nutgraf. Tune in.
Update: At 3:40, we incorrectly mention that Rapido raised $200 billion from Westbridge Capital in September 2024. The correct figure is $200 million.
P.S. You can also read this edition here: https://the-ken.com/the-nutgraf/can-rapido-become-ola-before-ola-becomes-rapido
The Ken articles referenced in the episode:
Krutrim is whatever Ola wants it to be - https://the-ken.com/the-nutgraf/krutrim-is-whatever-ola-wants-it-to-be/
Here's how the Swiggy, Zomato duopoly might crack - https://the-ken.com/the-nutgraf/we-just-found-out-how-to-break-the-swiggy-zomato-duopoly/
How Ola and Uber are being disrupted in Bengaluru - https://the-ken.com/the-nutgraf/how-ola-and-uber-are-being-disrupted-in-blr/
From original podcasts to writer-narrated versions of our subscriber newsletters, you can now listen to The Ken each day. Discover them all at the-ken.com/podcasts. You can also subscribe to The Ken Premium on Apple Podcasts for an easy monthly price (Rs 299 in India). The channel will include ALL our premium podcasts and audio.