Rapido Plans to Enter the Food Delivery Market
Rapido, a leading cab booking service in India, is preparing to enter the food delivery industry. According to sources, the company has already started working on this plan. Rapido representatives have been meeting with restaurant owners to discuss commission structures and other business details.
The Indian food delivery market is currently led by Swiggy and Zomato. To compete with these companies, Rapido is planning to offer lower commission charges, making its service more attractive to restaurants. The company is working on a unique business model that challenges the high commission fees of existing food delivery platforms.
Rapido started its journey in 2015 as a cab booking service and later expanded into bike taxi services. It quickly became one of the top three companies in the bike taxi industry. Today, Rapido operates in more than 100 cities across India and continues to grow in various sectors.