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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.
Not so long ago, the startup appeared to be thriving in India’s highly competitive food and beverage sector. What changed?
Wingreens is evaluating its options. For a few weeks at least, the Bengaluru-based packaged food and beverage startup has been quietly looking for potential buyers, according to four people aware of the developments who did not want to be named. In this time, the startup has also been trying to raise fresh funds from venture capital investors to be able to sustain and grow further.
In the process, the company has engaged investment bank IndigoEdge to help solve the capital issues, according to two of the four people quoted above. For its immediate needs, Wingreens is meanwhile raising a bridge …
The contrasting approaches are driven by two very different strategies. One wants to capture more markets; the other is focused on discipline and profits.
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.
