.Representative imageRide-hailing startup Rapido, which turned unicorn just recently, resides in talks along with fast commerce start-up Zepto and grocers Pincode as well as KPN to foray into the simple trade shipment company, sources informed TOI.Aadit Palicha, the owner and chief executive officer of Zepto, told TOI that the company keeps control over much more than 90% of its own distribution fleet internally. Nevertheless, he declined to discuss any prospective discussions in between Zepto and also Rapido.Similarly, Rapido rejected to comment on its own proposed relationship with Zepto. "The talks are preliminary in nature however bring in excellent sense because Nexus Venture Allies is a popular client in the 2 business and also the harmonies simply make sense along with plenty of source at Rapido's end," a person knowledgeable about the talks told TOI. Currently, Bengaluru-based Rapido collaborates with just two players on its business-to-business (B2B) logistics arm, yet only in food items shipment-- Swiggy as well as Open Up Network for Digital Business. Swiggy is actually a client in Rapido." Bike taxi solutions top in the morning hrs during the course of schools, workplaces and colleges commute time. These relationships aid use the cars effectively throughout the day. For chauffeurs and bicycle riders, their incomes boost by 25% for the same time they invest in the platform," Rapido founder and chief executive officer Aravind Sanka informed TOI.Rapido, which secured USD 200 thousand in a financing cycle led through existing entrepreneur WestBridge Resources at a USD 1.1 billion valuation last week, presently handles 2.5 thousand orders each day, he claimed. These purchases are spread around bike taxis, car and also taxicab experiences." Our B2B organization is lower than 7% of the overall organization. This edge does distributions utilizing two-wheelers," Sanka included. The firm is present around one hundred areas in the country presently. Sanka claimed that the provider runs a squadron of 700,000 bikers. "This is a line that is bigger than leading gamers in the food items or even grocery delivery categories," he added.Apart from Rapido, other two-wheeler line operators like Tiger Global-backed Loadshare and Flipkart-backed Shadowfax are engaged in food as well as fast business deliveries.
Released On Sep 14, 2024 at 03:57 PM IST.
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