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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.
In the three-way quick-commerce race between Blinkit, Instamart and Zepto, it would appear that Swiggy has the least confidence in its ability to continue. What’s worse is that it is replacing strategy with capital.
Swiggy seems to be running low on confidence.
The company announced on Thursday that it is considering a fundraise of up to Rs 10,000 crore through the qualified institutional placement (QIP) route. This sudden need for capital is surprising to say the least as it comes within a year of the company’s Rs 11,327-crore IPO and at a time when there is no sign of a cash crunch or stress.
To be sure, raising money is not wrong; most companies do so in order to grow their business. In Swiggy’s case though, it is the trigger for the fundraise that …
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?
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.
