Going overboard with acquisitions over the past couple of years, aided by heavy investor funding to the tune of over $2 billion since the onset of the pandemic, it has hit Byju's where it hurts
The latest event of consolidation in the food tech space will further expand Zomato’s reach and give Uber a stake in a fast-growing restaurant aggregator.
Swiggy, which started doorstep delivery of home essentials recently, has the advantage of an existing network. But it will take more for it to find its niche in a space led by Big Basket and Grofers.
2018 belongs to unicorns in India, with eight startups achieving a valuation of $1 billion. As firms continue to attract funding from global investors, the unicorn party is far from over.