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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.
It should surprise no one that the story of this SaaS company, which recently filed draft papers for an IPO, continues to show signs of opportunism.
Unicommerce eSolutions has filed draft papers for an initial public offering. The company is owned by AceVector, which used to be Snapdeal, the also-ran e-commerce player in India.
The first distinctive part of its filing is that it is a complete offer for sale. Snapdeal and a few other investors, including SoftBank—the second largest shareholder in the company—are selling their shares. Unicommerce will not see a single penny from the public listing. The second distinctive bit is that Unicommerce is a tiny cog in the large machinery of online commerce, and has chugged along for more than a decade without …
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.
Bistro may look like a response to Swiggy and Rapido’s 'budget' food delivery apps, but the similarities end at affordability—the playbooks are fundamentally different.
