Rapido Eyes Quick Commerce Amid Fierce Competition

CosmicTaco · 2024-09-16T12:28:12.092643+05:30

- Rapido, a ride-hailing unicorn, is exploring the quick commerce sector in India, competing with Blinkit, Swiggy Instamart, and Flipkart's Minutes. - The Bengaluru-based company is in preliminary talks with Zepto and grocers like Pincode and KPN to strengthen its position in the market. - Nexus Venture Partners, a common investor in Rapido and Zepto, is facilitating these discussions. - Rapido recently became a unicorn, raising $200 million in its Series E funding round, led by WestBridge Capital. - The company currently operates in over 100 cities, handling 2.5 million orders per day across bike taxis, autos, and cabs. Source: [Inc42](https://inc42.com/buzz/flush-with-fresh-funds-rapido-seeks-to-ride-the-quick-commerce-wave/)

Rapido, a ride-hailing unicorn, is exploring the quick commerce sector in India, competing with Blinkit, Swiggy Instamart, and Flipkart's Minutes.
The Bengaluru-based company is in preliminary talks with Zepto and grocers like Pincode and KPN to strengthen its position in the market.
Nexus Venture Partners, a common investor in Rapido and Zepto, is facilitating these discussions.
Rapido recently became a unicorn, raising $200 million in its Series E funding round, led by WestBridge Capital.
The company currently operates in over 100 cities, handling 2.5 million orders per day across bike taxis, autos, and cabs.

Source: Inc42