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