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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 Bengaluru-based e-commerce startup is stuck between rapidly scaling the business and wanting a better valuation.
At a company-wide town hall a few months ago, disappointment awaited the employees of Meesho. Founder and CEO Vidit Aatrey broke the news suddenly. A big, promising investor had pulled out of the e-commerce startup’s latest funding round. Aatrey didn’t reveal who the investor was, just that it had unexpectedly backed out. As a result, there were going to be financial changes—budgets cut and targets revised—even as Meesho continued to look for money elsewhere.
For more than nine months now, the company has been on the road to raise money. Late last year, the idea was to raise a billion …
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.
The arrest and charges against an employee of the artificial intelligence company, fewer early-stage VC deals, and other updates.
