Rapido’s big food delivery bet: Can 4-million fleet and cheaper commissions challenge Swiggy, Zomato?

The ride-hailing platform Rapido plans a foray into the food delivery business. The company is betting on its 4 million-strong, ready-to-deliver logistics fleet. However, the food delivery space in India has been tested by other similar models like Ola and Uber, and have failed. Elara Capital highlights the dynamics of the food delivery industry and elaborates on whether this can be a game-changer.