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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 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.
Urban Company is preparing for a fight. The decision to proceed with a large fundraise, seen next to the second-quarter results released on Friday, points to a company fiercely defending its turf. It wants to stay one step ahead so it doesn’t lose dominance in its core business (at-home salon, cleaning, repair and maintenance, etc.). At the same time, the company is shoring up cash to grow in the instant house help category, which it entered just last year. This is also a segment where smaller startups such as Snabbit and Pronto have managed to gain a foothold. The result …
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.
India’s grocery and food delivery platforms are increasingly displaying misleading images of food using artificial intelligence, defeating the very purpose of buying online.
