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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

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