India, June 10 -- Rapido Enters Swiggy-Zomato Lane

Taking on the Goliaths Zomato and Swiggy, ride-hailing unicorn Rapido is all set to introduce its food delivery platform, Ownly, in partnership with restaurants affiliated with the National Restaurant Association of India (NRAI).

The food delivery experiment came as the company is raising INR 125 Cr from Nexus Venture Partners. It also plans to raise another INR 250 Cr from Dutch investor Prosus.

Restaurants Get A Breather? Unlike the incumbent foodtech giants that are well-known for their steep commissions, Ownly will charge restaurants a fixed delivery fee between INR 10 and INR 25 per order. In total, Rapido's fixed pricing structure could cost restaurateurs a paltry 10% to 15% of t...