Contxto – Another food delivery startup is entering the market of Costa Rica; zipping in is Biko.cr. It wants to provide business owners an accessible alternative to deliver their goods through its platform.
Bold Biko.cr
Costa Rica isn’t known for being a populous Latin American country. So one might think its small-sized market would be saturated with large-sized contenders like Rappi, Uber Eats, and Glovo already duking it out.
But what sets newcomer Biko.cr apart from these well-known platforms is that it doesn’t charge a business a commission for every sale. Instead, its users pay a monthly subscription and use the platform freely to complete deliveries. Bottom line: they reportedly save on their bottom line. Its platform also lets businesses manage their invoices, accept card payments, and see the orders that have been made.
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Besides displaying nearby establishments, the app lets users see reviews as well as make orders in either English or Spanish.
The startup is currently in the process of signing restaurants up for its platform but should launch soon.
Restaurants rethink their options
Before Covid-19, eating establishments weren’t too concerned about the fees food delivery platforms charged them. Takeout sales was an “extra” source of income. Meanwhile, the larger share of revenue came from the diners who actually showed up to enjoy a meal.
However, then a global pandemic came in to turn the tables on restaurants.
Suddenly, only delivery sales were their source of sustenance. Fearing slimmer profit margins because platforms ate a chunk of their sales, restaurants in Costa Rica may see a healthy alternative in Biko.cr.
Related articles: Tech and startups from Central America!
-ML
