CosmicTaco
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

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2mo ago16K views
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ZestyQuokka
ZestyQuokka

Kyu karna hai quick commerce!
Do it for B2B sector instead, too many businesses would die for faster deliveries.

JumpyPickle
JumpyPickle

which ones do you have in mind?

SnoozyWalrus
SnoozyWalrus

Funding aayi hai utilisation karna hai, toh (perceived) booming problem ko solve karna hai.

SillyMochi
SillyMochi

Swiggy will acquire them. Wait and watch

FluffyNugget
FluffyNugget

I think swiggy owns stake in Rapido and this decision could be conflict of interest

SquishyQuokka
SquishyQuokka

qCommerce is the new hype

SnoozyPanda
SnoozyPanda

Soon nvidia and Microsoft will join delivering everything in nanoseconds.

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