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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.
With the food delivery business at a near standstill, Zomato needs its quick commerce arm to best the competition—no easy task when the top three players are neck and neck and more look to join the race.
Ever since Zomato’s December quarter results last week, the question of what Blinkit brings to the table to justify Zomato’s share price and valuation at current levels is uppermost in people’s minds.
Now, in case you are wondering why the onus for shoring up the company’s stock is solely on quick commerce, it is because the food delivery business has “stabilized”—analyst-speak for “peaked out”.
Gross order value—or GOV, a metric that represents the scale of the business—in the food delivery business grew a mere 2% from the last quarter. In the analysts’ call after the results, the management attributed the …
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 quick-commerce startup weighs a valuation cut or finding alternative funding to stay afloat as investor appetite for loss-making businesses weakens.
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.
