CosmicTaco
Rapido Eyes Quick Commerce Amid Fierce Competition
- 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
15mo ago
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ZestyQuokka
Hinge15mo
Kyu karna hai quick commerce!
Do it for B2B sector instead, too many businesses would die for faster deliveries.
JumpyPickle
Stealth15mo
which ones do you have in mind?
SnoozyWalrus
Mott MacDonald15mo
Funding aayi hai utilisation karna hai, toh (perceived) booming problem ko solve karna hai.
SillyMochi
Stealth15mo
Swiggy will acquire them. Wait and watch
FluffyNugget
Swiggy15mo
I think swiggy owns stake in Rapido and this decision could be conflict of interest
SquishyQuokka
Gojek15mo
qCommerce is the new hype
SnoozyPanda
Amazon15mo
Soon nvidia and Microsoft will join delivering everything in nanoseconds.
PerkyPotato
Stealth15mo
Inc42 wasn't the first to report this :/
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