ET Startup Awards 2025: We don't see a duopoly in food delivery — Rapido's Aravind Sanka
Rapido cofounder Aravind Sanka denied the existence of a duopoly in the food delivery business, saying the company eyes an opportunity in the space.
“We don’t see a duopoly in food delivery; we see an opportunity in the market. We have Rapido users and captains (riders), and we are exploring how we can leverage both to deliver more value to our customers in the food delivery segment,” he said.
The company, backed by the likes of Prosus, Nexus Venture Partners, and WestBridge Capital, rolled out its food delivery app Ownly in August this year. Positioned against Zomato and Swiggy, the service is available in select Bengaluru pin codes, such as Koramangala, HSR, and Sarjapur.
Rapido is betting its cost structure will make the difference. On June 9, ET reported that Rapido had finalised online food delivery partnership costs and terms with restaurants. The platform is charging restaurants a commission of Rs 25 on orders below Rs 400, and Rs 50 on orders over Rs 400. This translates to about 8-15% in commissions, compared to 16-30% charged by rivals Zomato and Swiggy.
Also Read: ETtech Explainer: Rapido’s bold challenge to Zomato, Swiggy amid sector slowdown
“We don’t see a duopoly in food delivery; we see an opportunity in the market. We have Rapido users and captains (riders), and we are exploring how we can leverage both to deliver more value to our customers in the food delivery segment,” he said.
The company, backed by the likes of Prosus, Nexus Venture Partners, and WestBridge Capital, rolled out its food delivery app Ownly in August this year. Positioned against Zomato and Swiggy, the service is available in select Bengaluru pin codes, such as Koramangala, HSR, and Sarjapur.
Rapido is betting its cost structure will make the difference. On June 9, ET reported that Rapido had finalised online food delivery partnership costs and terms with restaurants. The platform is charging restaurants a commission of Rs 25 on orders below Rs 400, and Rs 50 on orders over Rs 400. This translates to about 8-15% in commissions, compared to 16-30% charged by rivals Zomato and Swiggy.
Also Read: ETtech Explainer: Rapido’s bold challenge to Zomato, Swiggy amid sector slowdown
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