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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 likes of Rapido, Ola and Uber have recently been experimenting with a new business model, triggering existential questions and tax confusion.
In a matter that could (re)define the future of ride-hailing companies in India, Uber has reached out to the tax authorities. The local arm of the American company has written a three-page letter to the Central Board of Indirect Taxes and Customs and the Department of Revenue about some recent changes playing out in the sector. These changes have triggered confusion and Uber says that it “has been put at a competitive disadvantage”. The Morning Context has seen a copy of the letter.
The changes Uber is referring to are as follows:
For years now, the ride-hailing sector in India—largely …
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.
