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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.
An online marketplace for professionals is the company’s yet another attempt at building something of value, besides food delivery and quick commerce. There’s no telling whether it will work.
Imagine you are a newly listed company. Your core business has hit a wall. You are spending heavily to outpace your rivals in another vertical. You are not the market leader in any of your existing businesses. And losses are mounting with no profitability in sight. What do you do? A sensible option would be to focus on making these businesses profitable and sustainable. What you definitely will not do is launch a new business completely unrelated to the ones you already have. But, for whatever reason, this is what Swiggy is doing.
Earlier this week, the food and grocery …
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 UAE is looking at its first public listing of the year while Egypt just delivered a big one; OpenAI’s bugging accused has ties to Saudi Arabia; and other updates from the week.
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.
