New Delhi, Aug. 24 -- Uber CEO Dara Khosrowshahi has said that his company sees domestic player Rapido as a bigger rival than Ola, signaling a shift in the country's competitive ride-hailing landscape.

In a teaser clip from Zerodha co-founder Nikhil Kamath's podcast People by WTF, Khosrowshahi said Rapido has emerged as Uber's "prime competition," displacing Ola, which was once the market leader.

"Ola used to be our main competition, now the tougher competition in India is Rapido," Khosrowshahi said in the podcast.

According to a research conducted by equity advisory firm Equentis, as of December 2024, Uber dominated the cab category with 50% market share, with Ola sitting at 34% and Rapido at 14%, reported Mint in May.

Bengaluru-base...