/
•
•
Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
In search of growth and higher margins, the startup is increasingly selling used cars to end-consumers instead of dealers. This might backfire.
In online used car sales, Cars24 is by far the biggest fish, valued at $3.3 billion after its latest funding round, a Series G investment announced late last year. In both value and revenue, it outstrips its rivals. But the competition is heating up.
Companies like Spinny, CarDekho and Droom also raised funds around the same time last year, each breaking past the $1 billion mark in valuation. CarTrade—the oldest of the lot—went public in August last year. In that context, Cars24 knows it needs to show growth and it is acting on it.
The result is that the Gurugram-based …
The instant house help business has become the centre of focus and investment at the home services company. But another fight may be brewing in its core business.
India’s grocery and food delivery platforms are increasingly displaying misleading images of food using artificial intelligence, defeating the very purpose of buying online.
Parent AceVector is headed for a public market debut next week. As much as 97% of its revenue comes from two businesses. One is already a listed entity, the other a missed opportunity.
