<ul><li>Rapido is raising INR 125 Cr from Nexus Venture Partners to launch its food delivery service 'Ownly'.</li><li>The funding is part of Rapido's ongoing Series E round and follows a previous round where it raised $200 Mn.</li><li>Rapido initially provided bike-taxi services and later expanded to auto-rickshaws and cabs, aiming to disrupt the transportation sector in India.</li><li>Rapido's food delivery service 'Ownly' plans to charge zero commissions from restaurants, aiming to compete with Zomato and Swiggy by offering transparent pricing to customers.</li></ul>

Rapido To Raise INR 125 Cr From Nexus As It Gears Up For Food Delivery Launch

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