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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.
With Swiggy joining the list of companies shutting down their ultra-fast food delivery services, we look at what’s plaguing the 10-minute food delivery sector. And whether there’s any hope at all for those trying.
Quick food delivery is facing its moment of reckoning in India.
Less than two weeks ago, Swiggy shut down Snacc, its standalone 10-minute food delivery app. The closure came just a year after the food and grocery delivery company launched the service. In an internal email announcing the shutdown, Swiggy said, “While the product market fit was emerging, the broader economics made it challenging to scale.”
Snacc is only the latest in a long line of quick food delivery experiments to bite the dust. Most have failed to expand beyond the pilot phase.
• In May last year, Zomato …
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.
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.
