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Rapido hosts exclusive screening of blockbuster Gadar-2 for its Auto Captains in Noida
Mumbai: Rapido, India’s leading auto and bike taxi aggregator platform, hosted an exclusive screening of the sensational hit movie Gadar-2 as a heartfelt tribute to its 100+ Auto Captains, under its Auto Dost initiatives. The event took place on 27 August, at the Cinepolis Cinemas in Noida. Over 100 Auto Captains experienced the special screening of Gadar-2.
This heart-warming initiative underscores Rapido’s unwavering commitment to recognize and celebrate the relentless dedication and service of its Auto Captains who play a pivotal role in ensuring seamless transportation across Noida.
For years, auto drivers have been the backbone of the city’s intricate transportation network, diligently connecting millions of commuters to their destinations day in and day out. The special screening of Gadar-2 was not only a gesture of appreciation but also rejuvenated Rapido’s esteemed Auto Captains, who continually strive to redefine the commuting experience.
Rapido co-founder Pavan Guntupalli expressed his thoughts on this unique initiative, “Our Auto Captains are the backbone of our services, and we are dedicated to providing them with opportunities to unwind and recharge. Gadar-2 holds a special place in the hearts of audiences, and we want our captains to share this cinematic experience together.”
Gadar-2, featuring the iconic Sunny Deol, has already achieved the remarkable status of being the second-highest grossing film of 2023. Having been made with a production budget of Rs 60 Crore, Gadar-2’s box office performance continues to impress, with earnings reaching an impressive Rs 411.10 crore within just 13 days of its release.
Under the Auto Dost initiative, the organization endeavors at enhancing the well-being of its auto captains, Rapido announced significant upgrades including the installation of seat belts and curtains in autos operating within Delhi. These initiatives underscore Rapido’s holistic approach to creating a safe, comfortable, and rewarding environment for its valued Auto Captains. Gadar emerged as one of the most monumental hits of 2001, and its sequel, Gadar-2, successfully rekindled the same level of success 22 years later.
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UK’s OnlyFans seeks US investor at $3bn valuation after owner’s death
The adult video platform is seeking stability after the death of its billionaire owner
LONDON: OnlyFans is looking for a new partner. The London-based adult video platform is in advanced talks to sell a minority stake of less than 20 per cent to Architect Capital, a San Francisco-based investment firm, in a deal that would value the business at more than $3bn (£2.2bn).
The move is driven by an urgent need for stability. Leonid Radvinsky, the Ukrainian-American billionaire who owned OnlyFans, died of cancer last month at the age of 43, leaving the future of one of Britain’s most profitable privately held businesses suddenly uncertain.
The choice of Architect Capital is not arbitrary. The firm has deep expertise in financial services, which aligns neatly with OnlyFans’ ambitions to offer banking products to its creators, many of whom have long struggled to access basic financial services because of the nature of their work.
The numbers behind OnlyFans are, by any measure, staggering. The platform posted revenues of $1.4bn in the year to 30th November 2024, with a pre-tax profit of $684m, up four per cent on the prior year. Payments to creators totalled $7.2bn over the same period, a rise of nearly ten per cent. Radvinsky personally collected $701m in dividends from the business in 2024 alone, on top of more than $1bn in such payments he had already received. The platform, run through its parent company Felix International, hosts 4.6m creator accounts, with performers keeping 80 per cent of subscription proceeds and the platform pocketing the remaining 20 per cent. It has 377m fan accounts in total.
The current minority stake talks represent a notable scaling back of ambitions. In January, OnlyFans was reported to be in discussions with Architect about selling a majority stake of 60 per cent. Before that, the company had explored a sale to a consortium led by Forest Road Company, a Los Angeles-based investment firm. Neither deal materialised.
OnlyFans has built an enormously lucrative business on content that mainstream finance has long refused to touch. Now, with its owner gone and a $3bn valuation on the table, it is looking for the kind of respectable institutional backing that might finally persuade the banks to take its calls.
