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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.
After multiple pivots, the vehicle-sharing marketplace is looking at an asset-light, franchise model to drive growth. Will the gambit pay off?
IT executive Guruprasad R does not mince words when he says he’s been duped.
In early 2019, enticed by an offer on vehicle-sharing marketplace Drivezy, he bought five two-wheelers and put them up on the platform.
On paper, it seemed like he was getting a great deal. The tripartite agreement between him, Drivezy and a finance partner promised a minimum guaranteed payment each month that covered his vehicle EMIs. While the vehicles were registered under Drivezy’s name, once the loan tenure of 36 months got over, he had the option of extending the partnership, selling the vehicles or taking them …
The contrasting approaches are driven by two very different strategies. One wants to capture more markets; the other is focused on discipline and profits.
The instant house help business has become the centre of focus and investment at the home services company. But another fight may be brewing in its core business.
India’s grocery and food delivery platforms are increasingly displaying misleading images of food using artificial intelligence, defeating the very purpose of buying online.
