Think of the Sequoia India partnership as just another Indian venture fund faced with important, vexing questions.
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As food delivery plateaus and Instamart bleeds cash, Swiggy is banking on its 10-minute service to revive growth and rewrite its economics.
VCs are a dime a dozen in the San Francisco Bay Area. So, aside from the bragging rights that come with being seen as a global venture firm, it makes no sense for the now-Indian Peak XV to invest in a market that’s already crowded.
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.