Sources said that Rapido has begun onboarding restaurants for the said pilot and is also offering a flat rate of ₹25 on orders below ₹400 and ₹50 above that mark, implying a commission rate of 8% to 15%.
In contrast, both Swiggy and Zomato charge commissions between 15% to 30% of the total order size.
Rapido has also asked restaurants to offer items at ₹150 per share in order to encourage more orders and discounts will be limited and only those as agreed upon with the restaurants, the sources added.
Rapido is yet to reply to CNBC-TV18’s query on this matter.
Both Swiggy and Eternal’s shares had surged last week on reports that the Initial Public Offering (IPO) of another competitor, Zepto, was delayed. In response, Zepto had told CNBC-TV18 that it will be filing its IPO papers this year.
Shares of both Swiggy and Eternal have snapped a three-day winning streak on Monday.
Shares of Swiggy are trading 2.7% lower at ₹364.4, having gained 16% in the last on month, while those of Eternal are trading with losses of 1% at ₹259.17, having gained 15% in the last month.
