Overview
- Rapido rolled out Ownly this week as an Android-only beta in select Bengaluru neighbourhoods with a zero-commission model for restaurants.
- A published rate card charges restaurants ₹59 for orders above ₹400, ₹29.50 for orders between ₹100 and ₹400, and splits fees for orders under ₹100 between restaurants and customers.
- Rapido established Ownly under its new subsidiary Ctrlx Technologies, listing Aravind Sanka and Vivek Krishna as directors to address governance concerns.
- Swiggy has announced plans to reconsider its 12 percent stake in Rapido, citing potential conflicts following the entry into food delivery.
- The company is leveraging its existing two-wheeler fleet and curated delivery zones to test operational efficiency before planning a broader rollout.