The car rental startup has somehow managed to go public and says it will turn a profit this year. That seems to be far from reality though.
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The recent spate of exits at the newly independent VC firm is not a surprise. It is a reset for a fund that’s so far operated as if it is special and now has to adjust to new realities.
Sans the Sequoia heft, the VC firm has realized that it is not special. So, it is bending to the realities of the Indian market by making cuts to both volume and pricing.
A wave of demands for payment of GST on intra-company transactions has opened up a new front between corporates and the government. A dent to the ease-of-doing-business ranking is the likely first casualty.