<ul><li>Bengaluru-based ride-hailing unicorn Rapido plans to launch a separate subsidiary for fintech operations.</li><li>The new unit will operate independently from Rapido's core mobility business.</li><li>The fintech arm is expected to focus on lending and related areas within financial services.</li><li>Rapido aims to diversify and reduce its dependence on the ride-hailing business due to increasing competition and regulatory challenges.</li></ul>

Ola, Uber rival Rapido plans to launch new subsidiary for fintech operations: Report

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