Rapido plans to undercut Swiggy, Zomato duopoly

Ride-hailing platform Rapido is in advanced talks with restaurants and industry associations across four major metro cities to challenge the dominance of Swiggy and Zomato, which together command an estimated 95% market share. The move comes at a time when restaurants have been voicing growing concerns over high commission rates and potential conflicts of interest following the launch of Swiggy’s ‘Snacc’ and Zomato’s ‘Bistro,’ both of which promise ultra-fast 15-minute deliveries.