
CosmicTaco
Rapido Challenges Zomato-Swiggy with New Service
- Rapido is set to launch a new food delivery service, targeting the duopoly of Zomato and Swiggy.
- The service aims to offer lower fees for restaurants, potentially half or a third of current rates.
- A trial in Bengaluru is planned, with experimental models like fixed subscriptions and distance-based charges.
- Discussions with the National Restaurant Association of India have been ongoing for more viable terms.
- Rapido's entry comes as Zomato and Swiggy face slower growth; their shares fell 2.5% amid the news.
Source: The Arc
1mo ago
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