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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.
The two countries are among the five core global markets of the Gurugram-headquartered used car sales startup.
Used car sales startup Cars24 has shut down operations in Indonesia and Saudi Arabia. The Morning Context could not ascertain the number of people who have been affected, but Tech in Asia reported that around 100 employees were laid off in Indonesia.
Cars24 co-founder and global CEO Vikram Chopra confirmed the development on Thursday. “We realized we need a deeper focus and hence, after months of deliberation, we have made the difficult decision to not pursue operations in Indonesia and Saudi Arabia at the moment,” he said in response to an email. “We will be prioritizing our focus on our …
As part of a wider push to encourage transparency in the market, the CMA’s latest proposal seeks more clarity on how private capital moves around in the country.
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.
