The Morning Context’s stories in 2023

A recap of some of our best stories and the most dominant themes of the year across startups, business and current affairs.

December 29, 20236 min
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The Morning Context’s stories in 2023

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Business
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Infra.Market is a hamster wheel looking at a make-or-break IPO

The construction material supply firm’s scale and profitability may appear shiny, but hide a stark truth. Its use of equity to fund working capital is playing with fire when bigger fish are eyeing its business.

Internet
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Zepto’s fundraise overshadows Eternal’s quick commerce-driven Q2 growth

The well-timed announcement of Zepto’s $450 million funding on the day of Eternal’s September-quarter results foreshadows what the future holds for India’s quick-commerce landscape.

Business
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Tata Motors’ demerged CV business starts life on a tightrope

From net debt-free to billions in bridge financing, the Iveco acquisition means the automaker’s commercial vehicles business begins its independent journey on fragile financial ground.