Rapido expands food delivery service Ownly into Hyderabad
Headline by Prism · from 1 report
Rapido has launched its food delivery service Ownly in Hyderabad as part of a national expansion strategy.
The Economic TimesThe brief
Written by software from the 1 report below.
- Rapido launched its food delivery platform Ownly in Hyderabad, marking its second city after Bengaluru.
- The service operates on a zero-commission model, prioritizing cost recovery through customer delivery fees rather than merchant commissions.
- The company aims to expand into other major Indian cities by the next quarter.
- Rapido expects to achieve company-level profitability in the upcoming financial year.
What to watch next
- Expansion into additional major Indian cities next quarter
- Implementation of delivery fees in Bengaluru
- Progress toward company-level profitability for Rapido
The points restate the reports; where one says why it matters, that is Prism's reading, not a reported fact.
Who said what
Only words found exactly in the article are shown, attributed and linked to the line they came from.
Sanka
2 quotes · 1 outlet
“Sanka said 85-90% of the cost of running the food-delivery business for existing aggregators is delivery, making logistics the biggest cost for the industry.”
In the article
Sanka said 85-90% of the cost of running the food-delivery business for existing aggregators is delivery, making logistics the biggest cost for the industry. The company is leveraging Rapido’s existing technology, teams and logistics network rather than building these capabilities separately. The company is also betting that lower prices can bring new consumers into online…
“Sanka added that Ownly will not be chasing 10-minute delivery, though about 25% of its Bengaluru orders are delivered within 20 minutes.”
In the article
…Sanka says the company will soon start levying delivery fee as its order volume gains traction in Bengaluru. Ownly is doing more than 50,000 orders a day in the city, around five months after its full-scale launch. Sanka added that Ownly will not be chasing 10-minute delivery, though about 25% of its Bengaluru orders are delivered within 20 minutes. Rapido is also staying away from quick commerce for now, with Sanka saying food delivery is a more natural extension of its marketplace and asset-light logistics model. On the overall business, Sanka said Rapido…
Coverage
1 outlet
All filed from India
NamedIndia · Bengaluru · Hyderabad · Ownly · Prosus · Rapido · WestBridge Capital
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