The reports state that Rapido is likely to charge commissions in the range of 8 to 15 per cent
In an attempt to counter the market dominance by Swiggy and Zomato, ride-hailing app Rapido has finalised online food delivery terms and partnership costs with restaurants at almost half the commission charged by the two rivals, as per the media reports.
Rapido is likely to charge commissions in the range of 8 to 15 per cent, the reports noted. This is lower when compared to the 16 to 30 per cent commission charged by the two food delivery majors, the reports added. As per the partnership terms, for orders below Rs 400, Rapido will charge a fixed fee of Rs 25.
The reports highlighted that the company is expected to charge Rs 50 for orders over Rs 400. Restaurants will be listed on the Rapido app, where consumers will be able to place their orders. The reports added that the pilot is likely to go live in June-end or at the beginning of July and will start with Bengaluru.
The structure is aimed at helping the restaurants arrive at a solution which is more economical and democratic for them to sustain. The reports added that the restaurants have been calling out what they describe as steep charges levied by the two delivery giants.
