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August 21.2025
2 Minutes Read

How Rapido's New Food Delivery Service Ownly Aims to Compete with Swiggy and Zomato

Food delivery app screen with burger on cellphone, showing Rapido food delivery service.

Rapido Enters the Food Delivery Arena

In a bid to seize a share of India's booming food delivery market, Rapido, a prominent ride-hailing platform, has recently commenced beta testing for its food delivery service, Ownly, in Bengaluru. This strategic move positions Rapido as a fresh competitor against industry giants like Swiggy and Zomato, which have established dominance in this increasingly competitive space.

A New Business Model to Challenge the Status Quo

What sets Ownly apart is its innovative pricing strategy. Unlike traditional food delivery services that often charge restaurants hefty commissions—sometimes reaching 30%—Rapido's Ownly opts for a fixed fee model. This allows for lower prices: approximately 15% less than what major competitors currently offer. By eliminating the commission fees, Rapido provides a compelling alternative for consumers and restaurants alike, signaling a potential shift in the landscape of food delivery services.

Tech Expansion with Strategic Autonomy

To support this initiative, Rapido has established a subsidiary, Ctrlx Technologies, further emphasizing its commitment to the food delivery sector while strategically distancing itself from investors like Swiggy, which currently holds a minority stake in Rapido. The creation of Ownly thus appears not just to be about expanding services, but about safeguarding business interests amidst the intricacies of stakeholder dynamics.

The Future of Food Delivery in India

As demand for delivery services continues to escalate, driven by changing consumer habits and technological advancements, Rapido's entrance with Ownly may hint at exciting future trends in the Indian food delivery industry. The capabilities of its extensive fleet—estimated at around 10 million vehicles, including millions of two-wheelers—could play a vital role in its operational efficiency and service reach.

For financial institutions and service providers, keeping an eye on how these new entrants and innovative business models influence market dynamics is crucial. Rapido’s strategic maneuvers present both challenges and opportunities for existing players in the space.

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