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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.
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.
Rapido is an aberration in the Indian startup ecosystem. Because by all accounts, smaller companies that have raised precious little capital mostly die out on their own. Not Rapido. Founded in 2015 in Bengaluru as a bike taxi platform, the startup has grown from serving two-wheelers to autorickshaws and cars. Today, it has surpassed Ola to become the second-largest company in India’s ride-hailing space by total daily rides, only behind Uber.
To think that just a little over two years ago, in December 2021, the company was exploring a potential sale. Last month, though, the startup rolled into the unicorn …
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.
