With razor-thin margins and high
dependency on delivery (aggregators take 25% cut), the only way out for many
small businesses like restaurants, today, is a shutdown.
To solve this, a
first-of-its-kind NO commission delivery service, BOLT is launching
in India.
Bolt founders, having worked in
the restaurant industry, want to give the control back to the local businesses.
With sustainability at its core, BOLT wants to
make delivery a profitable part of all local businesses.
One of the founders of BOLT
said, “When customers order through BOLT, it doesn’t mean that they are
ordering from BOLT. Rather, it’s directly from the store that they’d be
ordering as stores have complete access to their customer data which is highly
uncommon with the current aggregator platforms”.
BOLT charges a
fixed fee instead of % based commission per order to enable delivery for any
store. This will be a steep cut for restaurants w.r.t. 15–30% commissions that
they are paying the aggregators currently. With over 30% of restaurants on the
verge of closure because of the current crisis, this could be the difference
between survival and closure.
The founders say, “We are here
to help as many businesses as possible to self-sustain during the pandemic and
get rid of the clutches of commission squeezing aggregators. Just before we
sign off, it’s worthwhile to mention that 1500+ restaurants and stores are
already on this mission with us.”
BOLT founders are on a mission
to make delivery great again.
BOLT has launched in Hyderabad,
Chennai and Bangalore this week. http://getbolt.in lists
stores ranging from restaurants to grocery stores to COVID essentials. Over the
next 3 months, BOLT is launching in multiple cities across India.
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