StopDownOpen the app

Launch · Mobility & Logistics

Rapido launches Ownly food delivery app

By ·

Rapido logo
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

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.

Read it as a card in the app

More on Rapido

Everything on Rapido →

Same day

All startup news on 28 March 2026 →