RAPIDO RESTAURANT COMMISSION RATE
Ola launches zero percent commission model across India; drivers to keep entire fare earnings
However, according to Shaik Salauddin, founder president of the Telangana Gig and Platform Workers Union, before the ride, the drivers have to pay for a recharge. So, though the commissions may have been removed, the drivers still end up paying the aggregator firms in the form of subscription fees.
Why are there no Ola or Uber cab services in Goa? IIM graduate decodes the simple math
Goa faces challenges in introducing national ride-hailing apps like Ola and Uber. Local taxi operators, a significant voting bloc, resist competition. Political dynamics and economic factors favor local taxis. High vehicle ownership among residents reduces demand for app-based services. Goa's Chief Minister Pramod Sawant confirms that draft guidelines will not permit national players.
Buy Eternal & Swiggy, sell Nykaa & BSE: Latest investing mantra of mutual funds
Mutual funds significantly increased their investments in Eternal and Swiggy, allocating approximately Rs 7,500 crore in May, while simultaneously reducing their holdings in Nykaa and BSE. This shift reflects growing confidence in the long-term potential of food delivery and quick commerce, despite current market challenges.
Stage set for micro-dramas; WhatsApp’s monetisation bid
Investors are flocking to micro-drama startups as the next big thing in India’s content and entertainment industry. This and more in today’s ETtech Morning Dispatch.
Bike-taxi platforms halt services in Bengaluru as HC ban order takes effect
Bike-taxi services like Rapido, Uber, and Ola have been suspended in Bengaluru following a Karnataka High Court order, leading to the seizure of over 100 two-wheelers. This ban has disrupted transport for commuters and gig workers, prompting concerns about affordable mobility options. Meanwhile, platforms are in talks with the state government to work out a solution.
ETtech Explainer: How the ban on Karnataka's bike taxis affects gig workers, commuters
While Rapido and Uber have changed their bike taxi options to courier services on their apps, Ola has removed the option from its app. Users feel that the renaming has been done to escape the regulations. Per Shaik Salauddin, Telangana Gig and Platform Workers Union founder president, this non-transparent act puts the jobs of the gig workers involved at risk.
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Bike taxis slam brakes in K’taka; Meesho’s flipback nod
Ride-hailing apps halted bike-taxi operations in Karnataka from Monday, as the high court-imposed ban came into effect. This and more in today’s ETtech Top 5.
Karnataka's ban on bike taxis: A timeline
A lack of regulatory framework, concerns surrounding safety and helmet quality, and heightened accident risks were factors responsible for the ban. Also, auto-rickshaw driver unions have opposed the bike taxi service, arguing they operate illegally, impacting their livelihoods.
Commuters can now access premium travel on Namo Bharat trains with just 20% extra fare
Namo Bharat train passengers can now enjoy premium facilities for just 20% more than the standard fare, thanks to a recent fare revision by NCRTC. This upgrade offers a comfortable, less crowded travel experience and access to premium lounges at select stations.
Rapido, Ola, Uber change bike taxi to parcel delivery service on app
Following a Karnataka High Court directive, Rapido, Ola, and Uber have suspended their bike taxi services in the state. The platforms are now offering courier services as an alternative. While users speculate this is a workaround, Rapido stated they respect the law and are working with the government to reinstate bike taxis.
Bengaluru Rapido rider slaps woman amid heated argument in Jayanagar, watch viral video
In Bengaluru, a Rapido driver is accused of assaulting a woman in Jayanagar after she challenged him about reckless driving; a video shows the driver slapping her, causing her to fall. This incident follows a similar case from September of the previous year, where an Ola auto driver allegedly harassed and assaulted a woman for canceling her booking.
Karnataka bike taxi pilots urge Rahul Gandhi and CM Siddaramaiah to intervene as ban kicks in
Bike taxi service providers in Karnataka are appealing to political leaders to lift the ban on their operations, which impacts over 100,000 gig workers. The High Court declined to stay the ban, urging the government to consider regulations. Nasscom supports bike taxis, stating that safety concerns can be addressed through proper rules and licensing, rather than a complete ban.
Fitness freak Shah Rukh Khan has one food weakness, and it is his favourite. Gauri Khan’s restaurant chef tells all
Gauri Khan's Mumbai restaurant, Torii, frequented by Bollywood stars like Shah Rukh Khan, offers a sophisticated dining experience. Chef Stefan Gadit reveals the Khan family's favorite dishes, including Shah Rukh's preferred lamb chops and AbRam's love for sushi. Despite a paneer quality accusation, Torii maintains its commitment to high standards, with Gauri Khan actively involved in menu decisions.
Father’s Day 2025 Food Deals: Freebies, BOGO Offers, Gift Card bonuses from Krispy Kreme, Dunkin’, Marco’s Pizza & more
These Father's Day 2025 deals present opportunities for families to bond over food while enjoying savings and special treats. Whether dining in or ordering online, dads across the country are set to be celebrated with hearty meals and thoughtful offers.
Top tech and startup stories this week
Welcome to a new edition of ETtech Unwrapped – our weekend newsletter packed with the most important stories this week. Let’s take a look.
Pine Labs, Meesho eye D-Street address; Rapido’s food delivery outlook
Pine Labs is set to file its draft prospectus for its IPO by June-end, while Meesho may follow suit in the coming weeks. This and more in today’s ETtech Top 5.
Rapido will need to go all out to battle Zomato, Swiggy in food delivery, say brokerages
Rapido is entering the competitive food delivery market dominated by Zomato and Swiggy, initiating a pilot program in Bengaluru. While analysts anticipate minimal immediate impact on the market leaders' shares, Rapido's lower commission structure could attract restaurants, particularly in tier-II cities. Success hinges on significant investment in customer acquisition through discounts and technology to achieve substantial GMV.
Rapido trying a bite in a market that has burned big names
Rapido, the two-wheeler ride-hailing company, is venturing into the competitive food delivery market, backed by significant funding and plans to expand its reach. Aiming to disrupt the Zomato-Swiggy duopoly, Rapido offers lower commission rates to restaurants. However, the company faces challenges, including high operational costs and the need to differentiate itself in a demanding industry.
Can JioMart, Rapido change the game for Eternal, Swiggy? Deven Choksey answers
According to Deven Choksey, most of the platform companies from investment perspective are quoting at a fancy valuations given that they have been succeeding with the price hike and the charges. But these fancy valuations might get affected if competition like JioMart could start penetrating faster and could possibly create disruption with them.
Rapido crashes food delivery party. Should Swiggy and Eternal investors be worried?
Rapido has entered the food delivery space with an aggressive low-commission model, undercutting Swiggy and Zomato and shaking investor sentiment. Shares of Swiggy’s parent, Eternal, fell as much as 4% over two sessions. While Rapido lacks a dedicated fleet, analysts say its growing rider base and disruptive pricing could pressure incumbents' profitability and challenge their dominance.
Rapido’s fresh funding; Starlink’s gotcha moment
Rapido has bagged fresh capital from an investor ahead of its food delivery rollout. This and more in today’s ETtech Top 5.
Cred’s down round; Blinkit’s food safety woes
Happy Tuesday! Cred has raised fresh funding at a steep cut in valuation. This and more in today’s ETtech Morning Dispatch.
‘Wife in hospital, payment stuck’: Driver claims to have lost 4-day income in cruel hospital scam
A Rapido captain fell victim to a clever scam involving a fake hospital emergency, losing four days' earnings after forwarding money via a QR code shared on WhatsApp. Misled by a convincing story and a seemingly valid transaction, he realised the truth too late. His Reddit post sparked widespread discussion, with users sharing similar experiences and offering advice on filing cybercrime complaints and seeking help from banks and local authorities.
Rapido cuts food delivery charges by half to counter Zomato, Swiggy
The partnership terms state Rapido will charge a fixed fee of Rs 25 on orders below Rs 400 and Rs 50 on orders over Rs 400. This translates to a range of 8-15% commissions from restaurants, compared to 16-30% charged by Zomato and Swiggy. Consumers will be able to place orders on the Rapido app where restaurants will be listed.
Shares of Eternal, Swiggy drop as Rapido undercuts food delivery commission
Zomato and Swiggy shares declined following Rapido setting significantly lower commission rates for its food delivery foray, ranging from 8–15% compared to the 16–30% charged by the established players. This move has resonated with restaurant owners who have voiced concerns over the high costs associated with Zomato and Swiggy.
Nexus Venture to invest Rs 125 crore in Rapido ahead of food delivery launch
Rapido is also chalking out plans to enter the insurance distribution space where it could target its driver partners and customers for products such as health, life, general and motor insurance. In fiscal 2025, Rapido’s gross order value (GOV) more than doubled to $1.25 billion on the back of growth in its ride-hailing services.
Rs 296 or Rs 390? Bengaluru woman’s auto ride turns ugly as driver allegedly sparks Kannada vs Hindi debate
Anya, a Bengaluru resident, faced hostility from an autorickshaw driver over a fare dispute. The driver mocked her for speaking Hindi and demanded more money. Anya posted a video of the incident, sparking outrage online. Rapido has removed the driver from their platform. The incident has ignited a debate about language and respect in cosmopolitan cities.
Consumer panel dismisses Mumbai duo's momo complaint, says ‘if strictly veg, why order from joint that serves non-veg too?’
In Mumbai, a consumer commission rejected a claim by two Dadar residents who sought ₹6 lakh in compensation after allegedly being served chicken instead of vegetarian momo at a Wow Momos outlet. Gargi Joshi and Jitesh Mundhwa claimed their religious sentiments were hurt, but the commission found insufficient evidence to support their claim, noting the bill indicated a non-vegetarian order.
Why should a vegetarian order from non-veg serving eatery if it hurts sentiments, asks consumer panel
A Mumbai consumer commission dismissed a complaint from two individuals who claimed they were wrongly served non-vegetarian food at a Wow Momos outlet. The commission questioned why the complainants ordered from a restaurant serving both vegetarian and non-vegetarian options if their religious sentiments were easily hurt by meat.
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