New Delhi, Aug. 14 -- Rapido, the popular bike taxi and ride-hailing platform, has stepped into the food delivery business with the launch of its new app, Ownly. The service has been rolled out in three Bengaluru neighbourhoods - Koramangala, HSR Layout, and BTM Layout - and aims to compete directly with Swiggy and Zomato.

What sets Ownly apart is its zero-commission model. Unlike other delivery platforms that charge restaurants commissions of up to 30 per cent, Rapido will not take a cut from restaurant earnings. Instead, it will levy a fixed delivery fee per order, allowing customers to enjoy food at prices up to 15 per cent lower than rival apps, as per a report by NDTV.

Under terms agreed with the National Restaurant Association of ...