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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.
At the heart of the current crisis at the proptech startup lies a flawed business model, sham prospective buyers and higher-than-usual payouts to brokers.
Info Edge has written off Rahul Yadav. The publicly listed online classifieds provider that owns about 60% of Yadav’s latest startup, 4B Networks, no longer finds any value in it.
A property tech venture founded less than three years ago, 4B Networks was supposed to be Yadav’s comeback as a startup founder. It was also supposed to become a “Zomato or Uber or Ola of real estate”, says a former executive, and redeem Yadav, who is still remembered as the disgraced co-founder of Housing.com. In 2015, Yadav was ignominiously fired by the company’s board after repeatedly clashing with investors.
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The contrasting approaches are driven by two very different strategies. One wants to capture more markets; the other is focused on discipline and profits.
The instant house help business has become the centre of focus and investment at the home services company. But another fight may be brewing in its core business.
India’s grocery and food delivery platforms are increasingly displaying misleading images of food using artificial intelligence, defeating the very purpose of buying online.
