This might spell the end of the gig economy in India
An organization representing app-based transport and delivery workers has approached the Supreme Court, seeking employment benefits from platform aggregation companies. Will the sector survive its biggest challenge yet?
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Ola Electric’s cash position looks worrying
Its business in a rut, the Bhavish Aggarwal-led firm has burnt through over Rs 1,000 crore in the first six months of the current fiscal. A fundraise is now critical.
Swiggy’s crisis of confidence
In the three-way quick-commerce race between Blinkit, Instamart and Zepto, it would appear that Swiggy has the least confidence in its ability to continue. What’s worse is that it is replacing strategy with capital.
Bhavish Aggarwal’s raise-and-repeat playbook
Aggarwal’s floundering venture is back in the market for funds, barely months after a hefty debt raise. Time for Ola Electric’s board to finally stir from its sleep.