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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 food delivery platform is gung-ho about a public listing, but its window might be closing fast, and its unit economics remain a big concern.
It looks like Zomato is getting serious about becoming a public company.
The Gurugram-based food delivery startup has, like many, had a tough year. While it started off with a bang, acquiring Uber’s Indian food delivery unit for $330 million, the COVID-19 pandemic and subsequent lockdowns in India took the wind out of its sails. Restaurant closures and a steep drop in orders led to pay cuts and layoffs, and Zomato struggled to keep going (one short-lived experiment was grocery delivery).
The growing India-China dispute, which has seen the government ban foreign direct investment by Chinese companies, was another stumbling …
A new partnership between the two investment giants; Dubai Investments Park opens for subscription; and fears of war, once again.
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 kingdom is moving to tighten the rules around public listings, algorithmic trading, trading in foreign securities and company disclosures—all in an effort to chase transparency.
