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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.
It is tough but not impossible to put a respectable end to a failed business. As creditors fight for their dues, Dunzo’s investors and management have a lot to answer for.
The death knell has been sounded for Dunzo.
On 13 January, the website and app of the Bengaluru-based hyperlocal delivery company ceased to work. And just as rats flee a sinking ship, it would appear that most key stakeholders have also abandoned what was once a high-flying startup. Left in the lurch are hundreds of employees. The cash-strapped startup has liabilities of Rs 400-500 crore to its employees and vendors, says a former employee of Dunzo, who requested anonymity as they are still hoping for a resolution with the company.
The employees are now desperate, and rightly so. Earlier this …
India’s grocery and food delivery platforms are increasingly displaying misleading images of food using artificial intelligence, defeating the very purpose of buying online.
Parent AceVector is headed for a public market debut next week. As much as 97% of its revenue comes from two businesses. One is already a listed entity, the other a missed opportunity.
The EV maker is turning to gig-worker rentals to absorb its scooter output. But questions on cost, competition and execution make its latest pivot uncertain.
