Rapido In Talks With Zepto To Expand Its B2B Presence To Quick Commerce: Report

Rapido, the ride-hailing platform, is gearing up to enter India’s rapidly growing quick commerce sector, according to a report by Inc42.

This move comes amid intense competition in India’s quick commerce market, where major players like Blinkit, Swiggy Instamart, and Flipkart’s new ‘Minutes’ are vying for dominance. E-commerce companies are also joining the fray to tap into this lucrative market.

Based in Bengaluru, Rapido is currently in discussions with Zepto, and grocers such as Pincode and KPN, to boost its quick commerce offerings, as reported by TOI.

Rapido joined the unicorn club

Earlier this month, Rapido, the well-known ride-sharing platform, has officially joined the unicorn club after securing $200 million in its Series E funding round.

Led by WestBridge Capital, this latest round values Rapido at an impressive $1.1 billion, marking a significant milestone for the company. It’s now one of the latest startups in India to reach a billion-dollar valuation.

The funding round also saw contributions from Think Investments, Invus Opportunities, and existing investor Nexus Ventures.

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