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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 Sequoia-backed gaming company has been struggling to find its next big endeavour and grow into its valuation.
It seems that Mobile Premier League saw the writing on the wall early, perhaps in February itself. The online gaming company had stepped out to raise funds, held a few discussions and in the process, sensed that things were about to go south.
Just a few months before, in September 2021, MPL had announced a massive round. The four-year-old company had raised around $150 million at a valuation of $2.3 billion, a significant number for an Indian gaming company. In its previous fundraising round, in February 2021, MPL had been valued at $945 million.
It was a big jump but …
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.
