Bike-taxi service provider Rapido drives cabs into Uber, Ola lane

There’s a hint of new competition riding into a sector that has attracted attention for being in a duopoly-like situation. Rapido, a commute app known for its budget-friendly bike-taxi services, on Tuesday announced its entry into the cab market, which is currently dominated by marquee brands Uber and Ola. Rapido’s cab foray will be enabled by a software as a service (SaaS)-based platform. While BluSmart and InDrive are among the other names in the cab aggregator space, they are yet to have a pan-India reach.