Rapido in talks to challenge Swiggy and Zomato in food delivery space

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Ride-hailing app Rapido is in discussions with restaurateurs to add food delivery as a service on its platform, two people aware of the company’s plan told ET.

Senior Rapido executives have been meeting restaurant owners and are working out a business model that challenges the current commission structures charged by Zomato and Swiggy, one of the people cited earlier said.

An email query sent to Bengaluru-based Rapido did not get an immediate response.

The startup, which began operations in 2015 as a bike-taxi platform, has become the number two…



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Rapido in talks to challenge Swiggy and Zomato in food delivery space


Ride-hailing app Rapido is in discussions with restaurateurs to add food delivery as a service on its platform, two people aware of the company’s plan told ET.

Senior Rapido executives have been meeting restaurant owners and are working out a business model that challenges the current commission structures charged by Zomato and Swiggy, one of the people cited earlier said.

An email query sent to Bengaluru-based Rapido did not get an immediate response.

The startup, which began operations in 2015 as a bike-taxi platform, has become the number two…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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