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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.
Twelve years since it first opened for business, millions of dollars in funding and several acquisitions later, the company is a mangled mess
Editor's note: If you follow the news cycle that started earlier this year, you’d almost start believing that things are looking up for Quikr, a company that used to be an online classifieds business. A unicorn, valued at over $1 billion, Quikr does not get the sort of breathless coverage that other revered Unicorns do. Not because Quikr is loved less. It is only because no sane individual can accurately decipher what exactly Quikr is up to at any given point in time. The company’s strategy can put shifting sands to shame. There are points in time, as it wildly acquired company after company, that this writer thought of Quikr as a chameleon. Only to later regret that a chameleon is intelligent. But we are getting ahead of ourselves. Online classifieds and services portal Quikr narrowed its losses to ₹230.04 crore in the financial year ended March 2019 from ₹237.43 crore loss a year ago. The Bengaluru-based startup reported a 74% year-on-year increase in revenues for FY19 to ₹191.22 crore, according to documents sourced from the Ministry of Corporate Affairs. The startup’s total …
Twelve years since it first opened for business, millions of dollars in funding and several acquisitions later, the company is a mangled mess
Editor's note: If you follow the news cycle that started earlier this year, you’d almost start believing that things are looking up for Quikr, a company that used to be an online classifieds business. A unicorn, valued at over $1 billion, Quikr does not get the sort of breathless coverage that other revered Unicorns do. Not because Quikr is loved less. It is only because no sane individual can accurately decipher what exactly Quikr is up to at any given point in time. The company’s strategy can put shifting sands to shame. There are points in time, as it wildly acquired company after company, that this writer thought of Quikr as a chameleon. Only to later regret that a chameleon is intelligent. But we are getting ahead of ourselves. Online classifieds and services portal Quikr narrowed its losses to ₹230.04 crore in the financial year ended March 2019 from ₹237.43 crore loss a year ago. The Bengaluru-based startup reported a 74% year-on-year increase in revenues for FY19 to ₹191.22 crore, according to documents sourced from the Ministry of Corporate Affairs. The startup’s total …
Bistro may look like a response to Swiggy and Rapido’s 10-minute food delivery apps, but the similarities end at affordability—the playbooks are fundamentally different.
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.
Bistro may look like a response to Swiggy and Rapido’s 10-minute food delivery apps, but the similarities end at affordability—the playbooks are fundamentally different.
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.
