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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
Expanding from milk delivery to groceries is all very well, but a surge in losses signals the challenges that lie ahead.
Country Delight has embarked on a new journey. From being a largely milk delivery startup, it’s going full steam ahead with its plan to expand its grocery business. And its latest financials—for the 2021-22 fiscal, released earlier this week—are a stark reflection of this transition.
The Gurugram-based company posted a revenue of Rs 543 crore in 2021-22, as against Rs 321 crore the previous year. But what’s intriguing is the 6x rise in its losses, from Rs 28 crore to Rs 186 crore. It’s particularly interesting because the company had managed to bring them down from Rs 68 crore in …
The EV maker is turning to gig-worker rentals to absorb its scooter output. But questions on cost, competition and execution make its latest pivot uncertain.
The Walmart-owned e-commerce company has entered microdramas and food delivery. Is it thinking long-term or just chasing a trend?
The retailer has shrunk operations to fix its loss-making vertical. But a reduced presence risks hurting volumes in a segment dominated by Blinkit and Instamart.
