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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.
Early movers don’t always win and other lessons from India’s constantly evolving startup landscape.
BigBasket has been looking for money for more than a year now. It would appear that the company cannot convince anyone to give it some.
Tata Digital, which is the largest shareholder in BigBasket, at upwards of 60%, has shied away from investing money. Earlier this year, the Tata group appointed investment bankers with the mandate of raising $1 billion for this business. These bankers have been knocking on doors, but so far nothing concrete has happened. Circumstances might change, someone might come around to investing, but for now things don’t look very encouraging.
Unfortunately for the company, time has …
India’s grocery and food delivery platforms are increasingly displaying misleading images of food using artificial intelligence, defeating the very purpose of buying online.
The EV maker is turning to gig-worker rentals to absorb its scooter output. But questions on cost, competition and execution make its latest pivot uncertain.
