Despite facing challenges around its business model, the ride-hailing platform has outpaced larger rivals, carved out a niche for itself, particularly in smaller cities, and joined the unicorn club.
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Many companies are exploring the business opportunity that synthetic diamonds offer. It sure seems like an easy business to enter, but will everyone manage to scale it?
With his back to the wall, the founder is exploring options that could benefit him much more than others. Even at the expense of the customers, investors, vendors and employees.
The decade-old company is reportedly planning to venture into food delivery and fintech. Its no-commission model might just come in handy for its expansion plans.