Launch · Mobility & Logistics
Rapido launches Ownly food delivery app
By Startup Enthusiast ·
- Date
- Company
- Rapido
- What it does
- Bike taxi and delivery platform
- Kind
- Launch
- Based in
- Bengaluru
- Founded
- 2015
- Sector
- Mobility & Logistics
What they do
Rapido runs bike taxis, autos, cabs, and delivery services across India
What happened
It launched Ownly, a zero-commission food delivery app for restaurants not on Swiggy or Zomato
Why it matters
Ownly targets the 200-300 million Indians eating out, far more than the 25-30 million transacting online
The details
- Rapido launched Ownly, a standalone food delivery app, on March 3, 2026, after a pilot in Bengaluru since June 2025.
- Ownly targets restaurants not listed on Swiggy or Zomato, offering zero commission, no platform fee, and no added cost for online orders.
- In Bengaluru, over 1 lakh restaurants have FSSAI licenses, but fewer than 30,000 are listed on Swiggy or Zomato.
- Ownly has onboarded 2,300+ restaurants in Bengaluru since launch, with 15% new to online food delivery.
- The average ticket size for eating out in India is around ₹100, while average order value on incumbent platforms is around ₹400.
- Swiggy and Zomato control over 90% of the organised food delivery market, but growth has plateaued in metros in recent quarters.
- Rapido already delivers for Zomato, Swiggy, ONDC, Instamart, and Zepto, leveraging its large bike-taxi fleet.
- Nexus Venture Partners provided a ₹125 crore war chest for Rapido's food delivery push.
The bigger picture
- Swiggy and Zomato have raised platform fees sharply: Swiggy from ₹2 in April 2023 to ₹17.58, a 790% jump, and Zomato from ₹2 in August 2023 to ₹14.90, a 645% rise.
- Restaurant commissions on incumbent platforms reach 30-40%, inflating menu prices by 20-30% on apps.
- India's food services market is over $85 billion in 2025, growing at over 10% CAGR, with dine-in making up 60%.
- Only 25-30 million Indians transact monthly on food delivery platforms, versus 200-300 million who eat out, showing untapped potential.
- The Meesho analogy shows how cost efficiency and volume can unlock markets ignored by larger players like Flipkart and Amazon.
About the business
- Rapido operates bike taxis, autos, cabs, and food delivery through Ownly.
- It also offers corporate and enterprise services.
- Rapido is one of India's largest bike-taxi fleets and delivers for major platforms like Zomato, Swiggy, ONDC, Instamart, and Zepto.
- Ownly's model charges zero commission to restaurants, with no platform fee for customers.
- The app focuses on restaurants not listed on Swiggy or Zomato, expanding the online food delivery market.
- Rapido is headquartered in Bengaluru and was founded in 2015.
What happens next
- Ownly aims to expand beyond Bengaluru, leveraging Rapido's existing delivery network.
- The company plans to use the ₹125 crore war chest to scale the food delivery push.
The deal
- Type
- launch
Investors
- Nexus Venture Partners (investor) — Provided ₹125 crore war chest for Rapido's food delivery push.
Founders
- Aravind Sanka, CEO and co-founder
- Rishikesh S R, Co-founder
- Pavan Guntupalli, Co-founder
About Rapido
- Product
- A ride-hailing app focused on bike taxis, with expanding mobility and delivery offerings.
- Customers
- Commuters and riders seeking low-cost transport, plus drivers earning through the platform.
- How it makes money
- Charges commissions or service fees on rides and related marketplace transactions.
- What sets it apart
- Uses two-wheelers to provide low-cost, flexible urban transport and matching.
- Operations
- Operates in multiple Indian cities and is building a broader super-app model.
More on Rapido
- Rapido takes food app Ownly to Hyderabad25 September 2026 · Launch
- Rapido penalised for dark patterns and misleading pricing9 September 2026 · Policy · ₹10 lakh
- Rapido's app outage lasted about one hour due to a technical issue27 August 2026 · News
- Rapido and Uber held merger talks that fell through14 August 2026 · Partnership
- Rapido founders booked in Nagpur over unauthorised bike taxi operations13 August 2026 · Legal
- Rapido secures five-year cab licence in Karnataka13 August 2026 · Policy
- Rapido launches Ownly food delivery service in Bengaluru10 August 2026 · Launch
- Rapido launches zero-commission food delivery app Ownly30 July 2026 · Launch
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