.Agent imageRide-hailing start-up Rapido, which switched unicorn just recently, remains in talks along with fast commerce startup Zepto and also grocers Pincode as well as KPN to foray in to the fast commerce shipping service, resources told TOI.Aadit Palicha, the owner as well as CEO of Zepto, told TOI that the company maintains control over more than 90% of its own shipping line internally. Nonetheless, he declined to comment on any kind of potential discussions between Zepto and also Rapido.Similarly, Rapido rejected to talk about its own proposed collaboration with Zepto. "The talks are actually preliminary in attribute however bring in best sense because Nexus Endeavor Partners is an usual capitalist in the 2 companies and the unities only make good sense with enough source at Rapido's end," a person acquainted with the talks told TOI. Presently, Bengaluru-based Rapido deals with just pair of gamers on its own business-to-business (B2B) strategies arm, yet only in meals delivery-- Swiggy and also Open Up Network for Digital Trade. Swiggy is an entrepreneur in Rapido." Bike taxi companies peak in the morning hours during the course of institutions, offices and also colleges commute time. These partnerships help use the lorries properly throughout the day. For vehicle drivers and cyclists, their earnings increase by 25% for the same time they spend on the platform," Rapido founder and chief executive officer Aravind Sanka said to TOI.Rapido, which gotten USD 200 thousand in a funding cycle led by existing investor WestBridge Funds at a USD 1.1 billion appraisal last week, presently handles 2.5 thousand purchases per day, he pointed out. These orders are spread out all over bike taxis, auto along with cab trips." Our B2B company is less than 7% of the total service. This edge does shippings using two-wheelers," Sanka incorporated. The business is present all over one hundred urban areas in the country presently. Sanka stated that the company works a line of 700,000 cyclists. "This is a fleet that is actually higher leading gamers in the food items or grocery store shipment types," he added.Apart coming from Rapido, other two-wheeler line drivers including Tiger Global-backed Loadshare and also Flipkart-backed Shadowfax are participated in meals and also simple commerce shippings.
Posted On Sep 14, 2024 at 03:57 PM IST.
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