{
  "id": 17896135,
  "title": "OpenAI’s India user base doubles; Rapido GOV quadruples",
  "url": "https://urgent.news/2026/11/03/openais-india-user-base-doubles-rapido-gov-quadruples",
  "topic": "ai",
  "section": "AI",
  "published": "2026-11-03T02:06:27.000Z",
  "source": {
    "name": "Economic Times Tech",
    "slug": "economic-times-tech",
    "url": "https://economictimes.indiatimes.com/tech/newsletters/morning-dispatch/openais-india-user-base-doubles-rapido-gov-quadruples/articleshow/135478625.cms"
  },
  "original_language": "en",
  "account": "India has emerged as ChatGPT's largest market globally, with its user base doubling since January this year. According to OpenAI India managing director Prabhjeet Singh, this growth signifies how people are discovering relevance and deep use cases for the AI platform. OpenAI is set to unveil announcements related to UPI and payments in the near future. The company has also observed a shift from pilot projects to scaled adoption and production-scale deployments in the enterprise sphere. Concerns over AI misuse have prompted OpenAI to collaborate with government agencies and enterprises to safeguard critical infrastructure. Looking ahead, the company anticipates more localized offerings and investments in the ecosystem, including product enhancements, partnerships, government collaborations, and community engagement.\n\nRide-hailing startup Rapido has reached a significant milestone, with its gross order value (GOV) quadrupling to $4 billion over two years. This surge in scale comes as Rapido expands its operations in mobility and food delivery. The company recently raised $240 million in May this year, valuing itself at $3 billion. Daily orders have reached around 8.3 million, with ride-hailing accounting for over 95% of the transactions. User base has expanded to nearly 500 cities, up from 100 a few years ago, and market share is estimated at 60% across bikes, auto rickshaws, and four-wheeler cabs. Rapido has also ventured into food delivery, launching its Ownly platform in Bengaluru, which has since expanded to Hyderabad, Kolkata, and New Delhi.\n\nFireside Ventures, a Bengaluru-based venture capital firm, is set to lose cofounder and partner Vinay Singh after nearly a decade in the firm. Singh's decision to step away comes as he seeks to focus more on exploring the frontiers of agentic commerce and its implications for the future of consumption. Fireside has backed over 65 consumer brands across four funds since its inception in 2017, including Mamaearth, Boat, Yoga Bar, Slurpp Farm, Pilgrim, Underneat, and more.\n\nSpacetech startup Pixxel Space, which develops hyperspectral satellites, has defended its Indian ownership and control following the establishment of a US subsidiary. The subsidiary, Pixxel Federal, will focus on serving US civilian, defense, and intelligence agencies, led by Allyson Jenkins. Pixxel founder and CEO Awais Ahmed dismissed concerns about the company's Indian credentials due to its multiple entities, stating that separate entities are often necessary in regulated sectors to meet local requirements.\n\nThe Indian government is contemplating granting enforcement powers to the nodal cybersecurity agency, Cert-In, similar to the approach taken by the US and the European Union. This move is being considered in response to a sharp increase in cyberattacks facilitated by artificial intelligence. Meanwhile, MobiKwik, a fintech company, anticipates a significant boost to its payment revenue, targeting at least Rs 100 crore in Unified Payments Interface (UPI) merchant discount rate (MDR) revenue in FY28.",
  "summary": "Happy Tuesday! India has become ChatGPT’s largest market globally, with its user base doubling. This and more in today’s ETtech Morning Dispatch.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}