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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.
Blinkit’s performance in Zomato’s Q2 results has piqued investor interest in quick commerce. Is the profit-over-expansion model sustainable?
Zomato’s July-September quarter results for fiscal 2023-24 brought much cheer to the stock, which hit a 52-week high. The fact that its IPO investors finally saw it cross the listing price of Rs 115 nearly 2.5 years on was also a landmark.
It has been a good run since January this year, with the stock steadily climbing on the prospect of profitability. In the April-June quarter results, announced in August, Zomato achieved a key milestone, turning in a positive “adjusted EBITDA” (Rs 12 crore) and a profit after tax (a modest Rs 2 crore).
These sound like small numbers, …
India’s grocery and food delivery platforms are increasingly displaying misleading images of food using artificial intelligence, defeating the very purpose of buying online.
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?
