Uber, Rapido held talks to combine India ops; deal collapsed over control: sources
Uber and Rapido discussed merging their India ride-hailing operations in May, sources told us. Talks collapsed after disagreements over the proposed deal's structure. Uber sought to combine operations with Rapido running the combined entity while Rapido countered with an acquisition proposal which Uber rejected. The failed merger highlights intense competition in India's mobility market.
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