CODA
14 ARTICLES
Emergent’s ARR is all smoke and mirrors
The AI startup’s $100 million ARR claim does not quite add up even as Dream11—forced out of real-money gaming—prepares to take its massive user base into stockbroking.
28 Mar 2026
Adani and Ambani’s media bets sink deeper into the red
NDTV and Network18 are now firmly loss-making—and show little urgency to fix the fundamentals.
21 Mar 2026
Bravado, IPO and OYO
A debt-heavy global pivot to modest motels and accounting-led profits define the company now heading to Indian public markets.
26 Feb 2026
What did India’s AI Impact gathering achieve?
The country put on a show on the theme of artificial intelligence, which makes for excellent photos for social media and content for press releases. All that money, time and jet fuel spent could just have been an email.
21 Feb 2026
Eternal, startups and playing the long game
In a country beset with problems, there is always something better to do. How about your duty to your shareholders first? Separately, Urban Company’s latest quarterly results show fatigue
24 Jan 2026
AI’s gut punch to the news media business
First came the loss of advertising and distribution power. Now AI has slashed the cost of content—dealing a body blow.
08 Jan 2026
Preparing for 2026
Subjects expected to dominate our conversation in the new year and some reflection on things that happened in 2025, now that it is almost behind us.
20 Dec 2025
Pot calling the kettle black: Albinder’s quick-commerce paradox
The Blinkit CEO calling out irrationality while fuelling it is yet another example of a quick-commerce player hoping to outlast rivals in a classic game of one-upmanship.
13 Dec 2025
Sanchar Saathi was never the cure
Even though the government of India did a U-turn on the mandatory pre-installation of the anti-fraud app on all mobile phones sold or imported in the country, the larger problem of petty cybercrime remains grim.
06 Dec 2025
What about Lightspeed?
One of the few remaining foreign venture capital funds in India, Lightspeed has had a rather quiet year—especially when compared to some of its peers. The 2026 IPO pipeline may be the reset it needs.
29 Nov 2025