Rapido crashes food delivery party. Should Swiggy and Eternal investors be worried?

Rapido has entered the food delivery space with an aggressive low-commission model, undercutting Swiggy and Zomato and shaking investor sentiment. Shares of Swiggys parent, Eternal, fell as much as 4% over two sessions. While Rapido lacks a dedicated fleet, analysts say its growing rider base and disruptive pricing could pressure incumbents' profitability and challenge their dominance.