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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 15-year-old company has bought one brand after another in the hope of growing fast. That plan has fallen flat on its face, but there’s no stopping Wingreens.
Wingreens is at it again.
After a long wait of over four years, the Gurugram-based food and beverage company has finally raised Rs 120 crore, or $12.6 million, from prominent stock market investor Ashish Kacholia and Alchemy Fund. Alongside, the company has also bought Safe Harvest, a Bengaluru-based startup that sells rice, pulses, spices and cold-pressed oils.
All of this sounds eerily familiar. Back in 2021, too, Wingreens raised some Rs 124 crore, or $17 million. Then it went on a buying spree, scooping up Raw Pressery (fruit juices), Saucery (dips and spreads), Monsoon Harvest (muesli and oats) and Postcard …
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.
