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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 four-year-old company’s rapid rise is matched only by its stunning fall, marred by allegations of fraud and mismanagement.
A well-funded startup isn’t supposed to fold so quickly. Which is what makes the story of ReshaMandi remarkable. At one point, it had $50 million in funding, the kind of money that agriculture technology businesses in India can only dream of. And then, within three years, the company ran out of money and abruptly shut shop. We are still none the wiser about what really happened.
Some investors say ReshaMandi was a business failure. Others are of the view that the founders committed fraud. And, then, a few former employees and experts say ReshaMandi was a non-starter of a business …
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.
