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Rapido's Ownly Aims to Strengthen Presence in Five Markets by 2026-End
Sentiment: NeutralHigh Priority
What Happened?
Ownly, a food delivery service by Rapido, plans to enhance its presence in Delhi NCR, Mumbai, Pune, Chennai, and Ahmedabad by the end of 2026. The company has also expanded to Kolkata.
Key points
- Ownly aims to make food delivery affordable and accessible for 100 million Indians.
- The service operates on a zero-commission model, charging consumers separately for delivery.
- Ownly leverages Rapido's technology and logistics network for its operations.
- The platform is available on Android, iOS, and the Rapido app.
- The expansion includes markets in eastern India, specifically Kolkata.
Key insights
- Ownly's zero-commission model may disrupt traditional food delivery pricing.
- The focus on affordability could attract a larger customer base.
- Leveraging Rapido's logistics may enhance delivery efficiency.
Why it matters
The expansion could impact food delivery affordability for millions in India.
Entities
Ownly· CompanyRapido· CompanyDelhi NCR· LocationMumbai· CityPune· CityChennai· CityAhmedabad· CityKolkata· City
Source
Business Standard
