BENGALURU: Trip-hailing startup Rapido, which turned unicorn just lately, is in talks with fast commerce startup Zepto and grocers Pincode and KPN to foray into the short commerce supply enterprise, sources advised TOI.
Aadit Palicha, founder and CEO of Zepto, advised TOI that the corporate maintains management over greater than 90% of its supply fleet internally.Nonetheless, he declined to touch upon any potential talks between Zepto and Rapido.
Equally, Rapido declined to touch upon its proposed partnership with Zepto. “The talks are preliminary in nature however make excellent sense since Nexus Enterprise Companions is a standard investor within the two firms and the synergies simply add up with ample provide at Rapido’s finish,” an individual aware of the talks advised TOI.
At present, Bengaluru-based Rapido works with solely two gamers on its business-to-business (B2B) logistics arm, however solely in meals supply – Swiggy and Open Community for Digital Commerce. Swiggy is an investor in Rapido.
“Bike taxi providers peak within the morning hours throughout colleges, workplaces and schools commute time. These partnerships assist utilise the automobiles effectively all through the day. For drivers and bikers, their earnings improve by 25% for a similar time they spend on the platform,” Rapido founder and CEO Aravind Sanka advised TOI.
Rapido, which secured $200 million in a funding spherical led by current investor WestBridge Capital at a $1.1 billion valuation final week, at present handles 2.5 million orders per day, he mentioned. These orders are unfold throughout bike taxis, auto in addition to cab rides.
“Our B2B enterprise is lower than 7% of the general enterprise. This aspect does deliveries utilizing two-wheelers,” Sanka added. The corporate is current throughout 100 cities within the nation at present. Sanka mentioned that the corporate operates a fleet of 700,000 riders.
Aadit Palicha, founder and CEO of Zepto, advised TOI that the corporate maintains management over greater than 90% of its supply fleet internally.Nonetheless, he declined to touch upon any potential talks between Zepto and Rapido.
Equally, Rapido declined to touch upon its proposed partnership with Zepto. “The talks are preliminary in nature however make excellent sense since Nexus Enterprise Companions is a standard investor within the two firms and the synergies simply add up with ample provide at Rapido’s finish,” an individual aware of the talks advised TOI.
At present, Bengaluru-based Rapido works with solely two gamers on its business-to-business (B2B) logistics arm, however solely in meals supply – Swiggy and Open Community for Digital Commerce. Swiggy is an investor in Rapido.
“Bike taxi providers peak within the morning hours throughout colleges, workplaces and schools commute time. These partnerships assist utilise the automobiles effectively all through the day. For drivers and bikers, their earnings improve by 25% for a similar time they spend on the platform,” Rapido founder and CEO Aravind Sanka advised TOI.
Rapido, which secured $200 million in a funding spherical led by current investor WestBridge Capital at a $1.1 billion valuation final week, at present handles 2.5 million orders per day, he mentioned. These orders are unfold throughout bike taxis, auto in addition to cab rides.
“Our B2B enterprise is lower than 7% of the general enterprise. This aspect does deliveries utilizing two-wheelers,” Sanka added. The corporate is current throughout 100 cities within the nation at present. Sanka mentioned that the corporate operates a fleet of 700,000 riders.
