Overview

• Rapido plans to pilot Ownly in Bengaluru by late June or early July after finalizing terms with the National Restaurant Association of India.
• Restaurants will pay a fixed subscription fee per order without commission and maintain price parity between dine-in and delivery menus.
• Delivery costs will be cross-subsidized with capped customer charges and an option for restaurants to use their own fleets or Rapido’s two-wheeler network.
• Nexus Venture Partners’ Series E funding of about Rs. 125 crore will underwrite early delivery subsidies and support customer acquisition.
• Analysts caution that fragmented supply chains, inconsistent customer experiences and high capital intensity could hinder Rapido’s challenge to Zomato and Swiggy.