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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.
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.
In one of the least expected outcomes, AceVector, the holding company of Snapdeal, is going to list on the stock exchanges next week. Least expected because anyone who has followed the company closely would remember that there were times when there was no certainty that Snapdeal would even survive, let alone live long enough for a stock market debut. The Morning Context is one of those who were sceptical. Back in 2022, when Snapdeal first filed its draft papers hinting at a public listing, we called the company’s existence “a cautionary tale”. Time humbles everyone.
Today, AceVector is raising Rs …
Store expansion, premiumisation and a growing customer base are driving its beauty business. Fashion, meanwhile, is showing improvement but still lacks a clear differentiator.
The contrasting approaches are driven by two very different strategies. One wants to capture more markets; the other is focused on discipline and profits.
The instant house help business has become the centre of focus and investment at the home services company. But another fight may be brewing in its core business.
