Uber and Rapido ended discussions in May regarding a potential merger of their Indian operations. The negotiations occurred during a visit to India by Uber CEO Dara Khosrowshahi.
Talks collapsed due to fundamental disagreements over the combined entity's structure and leadership. Uber proposed a combined business managed by Rapido's leadership team.
Rapido countered with a proposal to acquire Uber’s India business, leaving Uber with a minority stake. Uber rejected the deal to maintain control over its operations in the strategic Indian market.