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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.
Six years ago, the company had set out to simplify chronic disease management. It ended up with fudged sales numbers, fake users and disgruntled employees.
In April, after months of exasperation, around 20 former employees of health-tech startup PhableCare filed a plea before the deputy labour commissioner, Bengaluru, about unpaid salaries, other dues and exit documents.
In response, the company wrote a letter saying it had decided to suspend its business with effect from 31 December 2022, citing “unforeseen situations, pandemic, depletion in the revenue and cash flow in the company and coupled with recession in fundraise for startups since March 2022 in India”. The Morning Context has seen copies of both the petition and PhableCare’s letter.
The company’s response came as a shock to …
The Walmart-owned e-commerce company has entered microdramas and food delivery. Is it thinking long-term or just chasing a trend?
A churn in venture capital collides with the fear of missing the AI wave, while the Ajay Singh-led airline’s recurring crises raise deeper questions.
The country’s top VC funds are flush with new fundraises. They must now find opportunities to invest, but that’s easier said than done.
