/
•
•
Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
The six-year-old meat company claimed it would become the largest meat retailer in India. Now, its employees and vendors are awaiting their dues.
Editor's note: A yellow hoarding in Chennai features popular actor Nayanthara and reads “It’s a superstore-superstar team-up”. It’s an endorsement of Chennai-based meat company Fipola, of which she has been the face and identity since August. Fipola is yellow and Fipola is Nayanthara. Fipola was founded in late 2016 and it sells processed meat online as well as in its own stores. It was started by Sushil Kanugolu, a second-generation businessman whose family owns frozen seafood business SR Marine Foods. For about three years, Fipola was run as a small-time business in the shadow of SR Marine. The COVID-19 pandemic, however, changed things. During lockdowns in Chennai, Fipola emerged as a prominent meat retailer. The company developed relationships with meat vendors in and around the city and started expanding, leveraging relationships from the seafood business. Additionally, Sushil Kanugolu is the brother of the election strategist Sunil Kanugolu, who has campaigned for the BJP and the DMK and currently works for the Congress party, which gives the family connections with local authorities. Fipola had everything going for it and, in the pandemic, Sushil …
The six-year-old meat company claimed it would become the largest meat retailer in India. Now, its employees and vendors are awaiting their dues.
Editor's note: A yellow hoarding in Chennai features popular actor Nayanthara and reads “It’s a superstore-superstar team-up”. It’s an endorsement of Chennai-based meat company Fipola, of which she has been the face and identity since August. Fipola is yellow and Fipola is Nayanthara. Fipola was founded in late 2016 and it sells processed meat online as well as in its own stores. It was started by Sushil Kanugolu, a second-generation businessman whose family owns frozen seafood business SR Marine Foods. For about three years, Fipola was run as a small-time business in the shadow of SR Marine. The COVID-19 pandemic, however, changed things. During lockdowns in Chennai, Fipola emerged as a prominent meat retailer. The company developed relationships with meat vendors in and around the city and started expanding, leveraging relationships from the seafood business. Additionally, Sushil Kanugolu is the brother of the election strategist Sunil Kanugolu, who has campaigned for the BJP and the DMK and currently works for the Congress party, which gives the family connections with local authorities. Fipola had everything going for it and, in the pandemic, Sushil …
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.
Pricing constraints and uncertain daily-use demand cast doubt on instant help’s ability to replicate quick commerce.
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.
Pricing constraints and uncertain daily-use demand cast doubt on instant help’s ability to replicate quick commerce.
