Attempts to cut costs and chart a course to profitability put companies on a collision course with gig workers.
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The instant commerce startup has grown too fast and seems to be undergoing chaos of late. Up against several well-funded, entrenched players, it needs to get its house in order.
Chinese giant Meituan has made quite a splash in Saudi Arabia. With its impending launch in the Emirates, it will rival Dubai’s food delivery majors Talabat, Deliveroo, Careem and Noon.
A crash in lending saw the fintech end the financial year in the red. But its payments business is going strong, and the worst may be over in the loans business.