Overview
- Reports say Ownly will tap more than 80,000 restaurants nationwide once onboarding is complete.
- magicpin is expected to access Rapido’s delivery captains in select cities for order fulfillment.
- Rapido said most restaurants are on-boarded directly, with only a small share coming via partners such as magicpin.
- Ownly launched in August and is targeting expansion beyond Bengaluru through partnerships and direct sign-ups.
- Coverage highlights thin margins and execution risk, and notes Zomato’s roughly 15% stake in magicpin and Swiggy’s approved sale of its stake in Rapido’s operator.