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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 …
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.
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.
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.
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.
