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Well-funded internet startups have become a soft target for fraudsters. They are being taken for a ride in the most innovative of ways in a constant cat-and-mouse game.

The Mideast tech giant is scaling back verticals in Saudi Arabia and possibly rethinking global operations.
Investors eager to ride India’s quick-commerce boom are already losing confidence in Swiggy. A Rs 7,300* crore war chest and little urgency, its restraint is starting to hurt.
The quick-commerce platform’s surge pricing, despite dropping its 10-minute delivery promise, means customers may be paying for riders who did not show up.