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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.
Once a front runner in India’s shared mobility space and a contender in the EV race, the firm is in the throes of disintegration. How did it get here?
Editor's note: During a recent all-hands call, Vivekananda Hallekere, co-founder and CEO of Bengaluru-based mobility firm Bounce, told employees that there was no cash in the company, according to an industry expert. Bad as it might seem, the news doesn’t come as a surprise. At least six people, including the firm’s former employees and independent industry experts, said the company is cash-strapped. They all requested anonymity. According to data from Venture Intelligence, Bounce last raised $99 million in a Series D funding round led by Accel India and B Capital Group in January 2020, a couple of months before India went into a lockdown due to the COVID-19 pandemic. It has been trying to raise fresh funding for a while now, but all its efforts have proved futile. Even the existing investors are not topping up. In April, The Economic Times reported that Bounce was looking to raise $100 million this year to launch new products and expand its battery-swapping network. That plan doesn’t seem to have taken off. A little over two weeks ago, YourStory reported that the company was in …
Once a front runner in India’s shared mobility space and a contender in the EV race, the firm is in the throes of disintegration. How did it get here?
Editor's note: During a recent all-hands call, Vivekananda Hallekere, co-founder and CEO of Bengaluru-based mobility firm Bounce, told employees that there was no cash in the company, according to an industry expert. Bad as it might seem, the news doesn’t come as a surprise. At least six people, including the firm’s former employees and independent industry experts, said the company is cash-strapped. They all requested anonymity. According to data from Venture Intelligence, Bounce last raised $99 million in a Series D funding round led by Accel India and B Capital Group in January 2020, a couple of months before India went into a lockdown due to the COVID-19 pandemic. It has been trying to raise fresh funding for a while now, but all its efforts have proved futile. Even the existing investors are not topping up. In April, The Economic Times reported that Bounce was looking to raise $100 million this year to launch new products and expand its battery-swapping network. That plan doesn’t seem to have taken off. A little over two weeks ago, YourStory reported that the company was in …
Bistro may look like a response to Swiggy and Rapido’s 10-minute 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 10-minute 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.
