Bengaluru, Aug. 14 -- Rapido, the ride-hailing platform known for its bike taxis and autos, has just expanded its horizons - this time into the food delivery space. The company has rolled out a new service called 'Ownly', a standalone food delivery app that's now live in select parts of Bengaluru, namely, Koramangala, HSR Layout and BTM Layout.

Unlike traditional food delivery platforms that take a significant cut from restaurants, Ownly is positioning itself as a commission-free alternative. Instead of charging eateries a percentage of the order value - which can go as high as 30 per cent on other platforms - Rapido's new app adopts a flat-fee per order model, the NDTV reported. As a result, the company claims that food prices are up to...