The company that employed more than 58,000 people at its peak in March 2022 has fired almost 80% of its workforce since then. Separately, Zomato and Swiggy grapple with tax troubles.
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An online marketplace for professionals is the company’s yet another attempt at building something of value, besides food delivery and quick commerce. There’s no telling whether it will work.
A mix of government facilitation, favourable location and rising student demand is seeing global institutions making a beeline for the region.
The decade-old company is reportedly planning to venture into food delivery and fintech. Its no-commission model might just come in handy for its expansion plans.