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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.
Deepinder Goyal’s handing of Eternal’s reins to Albinder Dhindsa raises uncomfortable questions about timing, risk and whether shareholders are being asked to trust yet another reassuring narrative.
Deepinder Goyal has announced that he is stepping down as group chief executive officer of Eternal, with Albinder Dhindsa set to take over from 1 February. Goyal says he is “drawn to a set of new ideas that involve significantly higher-risk exploration and experimentation”, ideas that are better pursued outside the confines of a public company.
It is a surprising statement when set against the reality Eternal faces today. Few roles would seem more demanding, or higher risk, than running a publicly listed company at the pointy end of the food delivery and quick-commerce business. In fact, everything else pales …
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.
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.
