Swiggy's Toing pulling ahead of Rapido's Ownly in value food delivery, says JP Morgan
JP Morgan flags Swiggy's low-cost Toing offering is materially outperforming Rapido's Ownly on user adoption and order metrics, blunting Rapido's bid to crack the Swiggy-Zomato duopoly in value food delivery.
What happened
JP Morgan says Swiggy's new low-cost food delivery offering Toing is materially outperforming Rapido's Ownly on user adoption and order metrics, blunting
Why this matters
Rapido's stalling Ownly traction may open a window for partnership or capital-raise conversations as the company reassesses its standalone path into food delivery.