/
•
•
Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
As the cloud kitchen battle heats up, it appears that one of the frontrunners in the space is losing ground.
A comparison should help set this story up right away. Take Rebel Foods, for instance. Last year, the cloud kitchen company raised $75 million, or around Rs 540 crore, in funding and doubled down on its business with missionary zeal. As if the pain it had endured during the COVID-19 pandemic had given it a fresh lease of life. The months on end of lockdown when people stopped ordering food and dabbled in experimental cooking.
It’s a very different story at FreshMenu though. Till recently, this company was seen by most as a bright prospect in the cloud kitchen 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.
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.
