A three-part series that documents the rise and fall of Quikr so you don’t make the same mistakes this startup did.
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A whole new wave of students is arriving from geographies and demographics never seen before in the Emirates, drawn not just by opportunity but also because of geopolitical and economic crises back home.
The fund seems convinced that technology-led businesses in India are overvalued and not good for making big exits. Instead, what is needed to return large sums of capital are investments in mature companies with a proven track record.
We look at Spinny, a unicorn, to demonstrate how the used-car business is a graveyard of ideas pretending to be internet-first or internet businesses only to realize years later that the soul of the business lies in brick and mortar.