What Zomato’s results make loud and clear: food delivery in India has hit a wall
The quick commerce euphoria has done well to mask the grim reality of the food delivery business, once billed as Zomato’s core value proposition.
15 May, 2024•10 min
0
15 May, 2024•10 min
0
More in Internet
Internet
PhonePe’s transition from payments to a financial services company is incomplete
The company’s IPO plans come amid weak numbers, slow growth of new platforms, challenges in its core payments business and a rather dull stock market.
You may also like
Internet
Can Temu gain ground in the UAE?
The relatively new online marketplace seems to be doubling on its UAE momentum. We take a look at what is at stake.
Internet
Eternal, startups and playing the long game
In a country beset with problems, there is always something better to do. How about your duty to your shareholders first? Separately, Urban Company’s latest quarterly results show fatigue
Internet
Eternal’s leap of faith: exit Goyal, enter Dhindsa
Deepinder Goyal’s handing of Eternal’s reins to Albinder Dhindsa raises uncomfortable questions about timing, risk and whether shareholders are being asked to trust yet another reassuring narrative.