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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.
Investors eager to ride India’s quick-commerce boom are already losing confidence in Swiggy. A Rs 7,300* crore war chest and little urgency, its restraint is starting to hurt.
Swiggy’s decision in January this year to sit out the quick commerce race is now beginning to hurt—and the timing could hardly be worse.
Rivals, both established and new, are doubling down on the category, scaling up investments, sharpening discounts and pulling ahead on market share. The impact is already visible in Swiggy’s latest quarterly numbers, released on Friday. Of its five business verticals, quick commerce was the only one to report a sequential decline in gross order value (GOV), with adjusted revenue inching up just 3.6%.
That underperformance has not gone unnoticed. Investors are increasingly uneasy, especially given the …
India’s grocery and food delivery platforms are increasingly displaying misleading images of food using artificial intelligence, defeating the very purpose of buying online.
The e-bike rental startup has made the most of the country’s quick-commerce boom, fuelled by the pandemic lockdowns. Now it needs to step outside its comfort zone.
A Delivery Hero deal will hand the American company control of "Talabat", setting off a turf war with regional rivals in the small but lucrative market.
