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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.
The story of how Daga teamed up with Florintree’s Mathew Cyriac, an astute venture investor, to bring her cloud kitchen company back from the dead.
Rashmi Daga, the founder of FreshMenu, remembers the past few years like last night’s nightmare.
Specifically the second half of 2019.
It had been some months since the company had run out of money. What little money was there, was coming in from customers and going towards clearing dues of employees and vendors who were already on cuts, with their patience and belief in Daga’s ability to continue paying running low.
The team had been downsized by half, and then another half.
Marketing expenses had been slashed, followed by tech costs; every expense that could be cut to keep the …
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.
The food-tech pioneer is on the brink of losing its decade-long fight for survival, laying bare the pitfalls of the cloud kitchen business.
The 13-year-old cloud kitchen company is seeing a massive secondary share sale, after a long, tough phase. How did it attract a sovereign wealth fund and a private equity giant?
