Rapido, an Indian ride-hailing app, enters food delivery market with lower commission rates for restaurants.

Rapido, an Indian ride-hailing app, is entering the food delivery market by offering restaurants lower commission rates compared to dominant players Zomato and Swiggy. Rapido will charge 8-15%, much lower than the 16-30% of its competitors, aiming to ease financial pressure on restaurants and potentially lower food prices for consumers. The service is set to launch in Bengaluru in June or early July.