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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.
It is increasingly becoming difficult to tell if the rental platform’s problems are because of the pandemic or chinks in its business model.
Editor's note: NestAway has been getting slammed of late. Rajeev Kumar says he has had it with the online rental platform. The IT professional has been back in his hometown, Patna, for over five months now and just can’t figure out how he can get NestAway to give back the security deposit he put down for the flat he took on rent in Bengaluru. NestAway won’t say if or when it will refund the Rs 60,000 deposit. Kumar has tried everything from calls to emails to social media but the company’s silence would put a corpse to shame. Kumar’s is not a lone case. Soham Deb from Bengaluru hasn’t received a single penny as rent since July, but NestAway has refused to help. Deb isn’t taking it lying down, and is now going around telling other landlords his story of working with the company. It is a cautionary tale of an unresponsive platform that touches a chord with most landlords. There are several accounts online of tenants and property owners, talking of long delays in return of security deposits and overcharging for …
The online storytelling company is betting that content will be the most sought-after commodity as scores of platforms jump on the microdrama bandwagon. But success will hinge on whether it has a good enough story to draw the audience.
SEBI has lowered the bar for loss-making startups to list. In that context, a company like Zepto redefines the meaning of risk in public market investing.
The 15-year-old company has bought one brand after another in the hope of growing fast. That plan has fallen flat on its face, but there’s no stopping Wingreens.
