Rapido’s standalone food delivery app Ownly has launched in Hyderabad, its second market after Bengaluru. The platform follows a zero-commission model for restaurants, while Rapido Captains will handle deliveries and customers will pay food prices and delivery fees.
Total expenses shot up to Rs 5,609.6 crore during the the March quarter of FY25, as against Rs 3,668 crore in the corresponding period of the previous year
The partnership between ONDC, the Telangana State Hotels Association, and the WAAYU app highlights the need to address high commissions and platform fees on other quick e-commerce platforms, which create a barrier between consumers and restaurants, according to a press release.
According to TechCrunch, the proposed investment values the seven-year-old startup Grofers, which counts SoftBank as its largest investor, at over $1 billion.