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Hyper-local delivery startup Genie to halt operations; to deliver last order on March 31

Chennai based hyper-local delivery startup, Genie is halting its operations and will be delivering the last order on March 31. Genie decided to shut shop as it failed to raise the funds to sustain operations and for growth. The company made...

Swiggy to consolidate market position; to turn profitable in all 7 cities

Despite beginning with a bang, Indian food tech startups have been feeling the heat since 2015. Many of them have either shut shop, others have scaled down operations. Though, initially touted to be worth US $50 billion, food tech startups...

5 food-tech startups in troubled waters

The Bubble Is Bursting Despite beginning with a bang, Indian food tech startups have been feeling the heat since last year. Many of them have either shut down or have scaled down their operations. Though, initially touted to be worth $50...
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Retail sales grow 8% y-o-y in March 2024: RAI Survey

According to the survey, sports goods reported a growth of 11% followed by apparel and beauty showing a growth...
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