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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 recent goings-on at the car repair startup are a reminder that much remains to be done when it comes to corporate governance in the Indian startup ecosystem.
Editor's note: It has taken less than a month for the GoMechanic fiasco to be wiped out from the news cycle. It’s already a thing of the past. The investors of the car repair startup have been silent, and the founders are sharing social media posts of workshop owners supporting the company. The GoMechanic saga is absurd. The founder of a promising startup admitting to financial misreporting in a social media post is as astonishing as it is shameful. For an ecosystem that is often praised for its potential for employment generation and tech chops by the Indian government, episodes like these undermine the entire narrative. Such incidents are a reminder that there is a lot of work to be done on corporate governance and that the ecosystem needs to review itself. Here are four lessons from what happened: 1.Founders, don’t cook the books: This is obvious, but needs restating. The past year has seen allegations of financial irregularities against several startups—Infra.Market, BharatPe, Zilingo and Trell, to name a few. Now, these are only the ones reported in the press and remain …
The food-tech pioneer is on the brink of losing its decade-long fight for survival, laying bare the pitfalls of the cloud kitchen business.
In light of the recent exits of top executives at Swiggy’s quick commerce business, we look at the reasons behind the departures and whether it’s impacting the business.
The ride-hailing company is gradually ramping up its food delivery business and at least one of the two major players has blinked in response. How credible is the threat?
