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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 challenges of running a budget hotel chain in India forced the decade-old company to quietly shift its focus to a travel management platform for corporate travellers. Now it must face challenges of another kind.
Running a budget hotel chain in India is nobody’s cup of tea. Many founders have eventually either moved to another model (Wudstay) or shut down operations altogether (Stayzilla, ZO Rooms). Even OYO, once India’s fastest-growing budget hotel chain, has had to eat humble pie and see its valuation plunge from over $10 billion to $3.65 billion. From a franchise-based business model, it had to settle for an aggregator’s role and look for growth outside India. The latest budget hotel chain operator to join this list is FabHotels.
Over the last five years or so, the Gurugram-headquartered company has quietly changed …
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.
