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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 social commerce startup, after a year of explosive growth, has slowed to a crawl amid broken or delayed vendor payments, leakages and cooling interest.
Editor's note: When A placed an order for some groceries from DealShare, to her surprise, it got cancelled automatically. She thought she must have done something wrong so she tried again. No luck, cancelled again. Little did she realize then it is not just her but hundreds of customers who were facing the same issue. In the past month, social media platforms have become the go-to option for hundreds of irate DealShare customers. They’ve been posting about how they are facing automated cancellations, waiting on deliveries and refunds, or are just astonished by the crummy experience of ordering online through the five-year-old startup. Is everything alright with DealShare? Well, not quite. A little context first: DealShare is one of the last few standing examples of the social commerce wave in India. It created a lot of buzz with its pitch of becoming a BigBasket for low-income groups in the tier-2 and tier-3 markets. The Jaipur-based startup had a great start, it claimed to offer cheaper deals than wholesale and was an instant hit among consumers and investors alike. The company, which operates …
The social commerce startup, after a year of explosive growth, has slowed to a crawl amid broken or delayed vendor payments, leakages and cooling interest.
Editor's note: When A placed an order for some groceries from DealShare, to her surprise, it got cancelled automatically. She thought she must have done something wrong so she tried again. No luck, cancelled again. Little did she realize then it is not just her but hundreds of customers who were facing the same issue. In the past month, social media platforms have become the go-to option for hundreds of irate DealShare customers. They’ve been posting about how they are facing automated cancellations, waiting on deliveries and refunds, or are just astonished by the crummy experience of ordering online through the five-year-old startup. Is everything alright with DealShare? Well, not quite. A little context first: DealShare is one of the last few standing examples of the social commerce wave in India. It created a lot of buzz with its pitch of becoming a BigBasket for low-income groups in the tier-2 and tier-3 markets. The Jaipur-based startup had a great start, it claimed to offer cheaper deals than wholesale and was an instant hit among consumers and investors alike. The company, which operates …
The seafood marketplace’s rapid global expansion has lifted the top line, but left it with rising debt, weak cash generation, and uneven returns.
After 15 years, more than $550 million in funding and over $200 million in revenue, the cloud kitchen startup must find a way to make a profit and go public. Grover is the man Rebel has chosen for the job.
In less than two years, the instant delivery startup that puts quality above all else has attracted marquee VC investors, earning a valuation of $255 million. How far the niche bet will take it is anybody’s guess.
The seafood marketplace’s rapid global expansion has lifted the top line, but left it with rising debt, weak cash generation, and uneven returns.
After 15 years, more than $550 million in funding and over $200 million in revenue, the cloud kitchen startup must find a way to make a profit and go public. Grover is the man Rebel has chosen for the job.
In less than two years, the instant delivery startup that puts quality above all else has attracted marquee VC investors, earning a valuation of $255 million. How far the niche bet will take it is anybody’s guess.
