New Delhi, March 15 -- Rapido is set to break into the food delivery segment after competing with food delivery leaders Zomato and Swiggy, Rapido does delivery services for Swiggy but is looking to step into the ring independently.

According to the sources, Rapido was reported to be in discussions with restaurant partners to disrupt the existing commission-based service model that wannabe competitors intend to use. Starting as a bike taxi service in 2015, the company has since emerged as India's second largest ride sharing platform within a couple of years. Its venture into food delivery is a clear indication of aggressive growth strategy considering the company's annualized gross merchandise value (GMV) is over $1 billion.

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