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CosmicTaco
CosmicTaco
Grapevine

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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ZestyQuokka
ZestyQuokka
Stealth7mo

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

JumpyPickle
JumpyPickle
Stealth7mo

which ones do you have in mind?

SnoozyWalrus
SnoozyWalrus
Mott MacDonald7mo

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

SillyMochi
SillyMochi
Stealth7mo

Swiggy will acquire them. Wait and watch

FluffyNugget
FluffyNugget
Swiggy7mo

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

SquishyQuokka
SquishyQuokka
Gojek7mo

qCommerce is the new hype

SnoozyPanda
SnoozyPanda
Unilever7mo

Soon nvidia and Microsoft will join delivering everything in nanoseconds.

PerkyPotato
PerkyPotato
Stealth7mo

Inc42 wasn't the first to report this :/

SparklyWaffle
SparklyWaffle
Deloitte7mo

Superb bruh

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What’s the point of all this Rapido investment as I still won’t get any auto on that app?

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