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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.
Having raised $170 million in the pandemic frenzy, the job board startup has struggled to get anyone to pay, and now wants to enter Naukri’s turf.
Editor's note: Nirmit Vidyut Parikh is confident his startup will be worth more than $10 billion, a decacorn. That seems unlikely. Parikh founded Apna in 2019 as a LinkedIn for blue- and grey-collar workers. When the pandemic hit the very next year, the company’s user base grew massively and Apna rode that high to raise $170 million across two funding rounds in 2021. The second of those, a $100 million fundraise led by Tiger Global, valued the startup at $1.1 billion, making it the fastest in India to become a unicorn. For the first couple of years, it ran almost entirely as a free app for job-seekers and recruiters alike. While many questioned whether a job board for blue-collar hiring would really generate much revenue, Parikh brushed off the concerns. “We have been running experiments and we know we can make money. It’s a tap I can start at any point,” he said in a mid-2021 interview with TechCircle. The picture at Apna, however, is very different from what he had imagined. It started charging recruiters in March last year and, after …
Having raised $170 million in the pandemic frenzy, the job board startup has struggled to get anyone to pay, and now wants to enter Naukri’s turf.
Editor's note: Nirmit Vidyut Parikh is confident his startup will be worth more than $10 billion, a decacorn. That seems unlikely. Parikh founded Apna in 2019 as a LinkedIn for blue- and grey-collar workers. When the pandemic hit the very next year, the company’s user base grew massively and Apna rode that high to raise $170 million across two funding rounds in 2021. The second of those, a $100 million fundraise led by Tiger Global, valued the startup at $1.1 billion, making it the fastest in India to become a unicorn. For the first couple of years, it ran almost entirely as a free app for job-seekers and recruiters alike. While many questioned whether a job board for blue-collar hiring would really generate much revenue, Parikh brushed off the concerns. “We have been running experiments and we know we can make money. It’s a tap I can start at any point,” he said in a mid-2021 interview with TechCircle. The picture at Apna, however, is very different from what he had imagined. It started charging recruiters in March last year and, after …
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.
The food-tech pioneer is on the brink of losing its decade-long fight for survival, laying bare the pitfalls of the cloud kitchen business.
In light of the recent exits of top executives at Swiggy’s quick commerce business, we look at the reasons behind the departures and whether it’s impacting the business.
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.
The food-tech pioneer is on the brink of losing its decade-long fight for survival, laying bare the pitfalls of the cloud kitchen business.
In light of the recent exits of top executives at Swiggy’s quick commerce business, we look at the reasons behind the departures and whether it’s impacting the business.
