Rapido crashes food delivery party. Should Swiggy and Eternal investors be worried?
Just when Swiggy and Zomato thought they had the food delivery turf locked down, ride-hailing app Rapido has kicked the door open, threatening to shake up the duopoly with a bold, undercutting strategy. The bike-taxi platform has entered the food delivery business, charging restaurants commissions nearly half of what Zomato and Swiggy do. That single…
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