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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 no secret that the two companies have been talking for forever now. But they just might have waited too long
Editor's note: There shouldn’t be any ambiguity about this. This story in particular is an exploration on the subject of consolidation, which for the most part has been playing out in India’s foodtech business. For almost the whole of last year, there have been constant rumours and reports of constant conversations between Zomato, one of the oldest foodtech companies in India, going back almost a decade, and Swiggy, the Bengaluru-based delivery startup, which for the last five years or so has been the country’s most promising food delivery company. For those of you who haven’t kept up with the sector, let’s sum up the details. Zomato and Swiggy have been chatting with each other about a merger. Talks have been on, off, on and off. But constant. And while this is something that is acknowledged in private, publicly both companies have denied any merger talks. It isn’t rocket science to understand the allure for the merger. There is not a single foodtech company in India that makes money. The pain point is simple. Last-mile delivery is a notoriously difficult problem to solve …
It is no secret that the two companies have been talking for forever now. But they just might have waited too long
Editor's note: There shouldn’t be any ambiguity about this. This story in particular is an exploration on the subject of consolidation, which for the most part has been playing out in India’s foodtech business. For almost the whole of last year, there have been constant rumours and reports of constant conversations between Zomato, one of the oldest foodtech companies in India, going back almost a decade, and Swiggy, the Bengaluru-based delivery startup, which for the last five years or so has been the country’s most promising food delivery company. For those of you who haven’t kept up with the sector, let’s sum up the details. Zomato and Swiggy have been chatting with each other about a merger. Talks have been on, off, on and off. But constant. And while this is something that is acknowledged in private, publicly both companies have denied any merger talks. It isn’t rocket science to understand the allure for the merger. There is not a single foodtech company in India that makes money. The pain point is simple. Last-mile delivery is a notoriously difficult problem to solve …
Parent AceVector is headed for a public market debut next week. As much as 97% of its revenue comes from two businesses. One is already a listed entity, the other a missed opportunity.
After 15 years, more than $550 million in funding and over $200 million in revenue, the cloud kitchen startup must find a way to make a profit and go public. Grover is the man Rebel has chosen for the job.
In less than two years, the instant delivery startup that puts quality above all else has attracted marquee VC investors, earning a valuation of $255 million. How far the niche bet will take it is anybody’s guess.
Parent AceVector is headed for a public market debut next week. As much as 97% of its revenue comes from two businesses. One is already a listed entity, the other a missed opportunity.
After 15 years, more than $550 million in funding and over $200 million in revenue, the cloud kitchen startup must find a way to make a profit and go public. Grover is the man Rebel has chosen for the job.
In less than two years, the instant delivery startup that puts quality above all else has attracted marquee VC investors, earning a valuation of $255 million. How far the niche bet will take it is anybody’s guess.
