# Uber-Rapido India merger talks collapse over control

2026-08-14T03:23:00+00:00 | Business & Economy | Indian Opinion Desk

Corroboration: 2 independent outlets

Uber and Rapido discussed merging their India ride-hailing businesses in May during Uber CEO Dara Khosrowshahi's visit, but talks broke down over how to structure the deal. Uber wanted a combined entity run by Rapido’s management, while Rapido countered with a cash-and-stock acquisition that would leave Uber a minority stakeholder. Uber refused to cede control or exit India, sources told Economic Times. Rapido has denied the report. An Uber-Rapido tie-up would have united two of India’s largest mobility platforms; Rapido leads the overall market with 50% share, while Uber holds 40-45% in four-wheelers. Mamaearth parent Honasa Consumer posted a record Rs 90 crore profit, up 116.5% year-on-year. FirstCry reported 13% revenue growth and 34% lower losses. Amagi’s quarterly net profit surged eight-fold to Rs 34 crore.

## Coverage

- economictimes.indiatimes.com <https://economictimes.indiatimes.com/tech/newsletters/morning-dispatch/inside-failed-uber-rapido-merger-talks-honasas-strong-q1-report/articleshow/133227064.cms>
- economictimes.indiatimes.com <https://economictimes.indiatimes.com/tech/startups/uber-rapido-merger-talks-unravel-over-control-row/articleshow/133220005.cms>
- inc42.com <https://inc42.com/buzz/uber-rapido-held-talks-to-combine-india-operations-says-report-rapido-denies/>

Tags: Honasa Consumer, merger talks, Q1 earnings, Rapido, ride-hailing, Uber
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