Rapido foraying into Food Delivery could be a game-changer esp. following its disruptive impact on ride-hailing services.
🗓️Back in 2017 → Uber via 'Uber Eats' made a similar attempt but struggled to compete with Zomato/Swiggy.
So, why does Rapido
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Anonymous 1
Hey I am on Medial • 2d
swiggy invested in rapido… so they either see a goldmine or their biggest threat 😏
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Rapido foraying into Food Delivery could be a game-changer esp. following its disruptive impact on ride-hailing services.
🗓️Back in 2017 → Uber via 'Uber Eats' made a similar attempt but struggled to compete with Zomato/Swiggy.
So, why does Rapido
The duopoly of zomato swiggy is the biggest threat for Restaurant and cloud kitchen industry in india.
Why?
Most of the restaurant and cloud kitchen owners are making loss or making razor thin profit when we order through zomato- swiggy
Approx 30
Zomato has reduced their discounts significantly. All these marketing gimmicks are just to divert our attention from that, so they can silently become more profitable.
They haven’t diverted my attention at least. They have lost me as a customer. I u
Rapido is in discussions with restaurant owners to introduce food delivery services on its platform. This move signals its entry into a market dominated by Swiggy and Zomato.
By adding food delivery, Rapido aims to leverage its existing bike taxi ne
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VCGuy
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Ixigo IPO will see VCs reaping bumper returns📈
Key investors include⤵️
- Elevation Capital (Previously SAIF) - ₹63 crore invested, ROIC ⏩ ~13X
- Peak XV - ₹67 crore invested, ROIC ⏩ ~8X
Fun Fact: MakeMyTrip, Ixigo's biggest competitor, was also a