Zomato has announced the closure of its intercity food delivery service, Legends, due to persistent challenges in finding a product-market fit. The decision, confirmed by Zomato’s CEO, Deepinder Goyal, marks the end of a two-year experiment with the service.
Legends, which had undergone several iterations since its launch, faced significant issues despite multiple changes to its business model.
In a narrative that defies conventional business wisdom, the success story of Patel, an Indian immigrant in the United States, challenges widely-held assumptions about the restaurant industry. Renowned entrepreneur and PayPal co-founder Peter Thiel has famously criticized the restaurant sector for its high competition, slow growth, and low wages. Despite these warnings, Patel’s journey from a…
Alex Cooper, the dynamic host of the renowned podcast Call Her Daddy, has become a major name in the podcasting world, known for her engaging and candid interviews with top celebrities including Miley Cyrus, Jane Fonda, and Hailey Bieber. Cooper, who coined herself the “Founding Father,” has guided her podcast from its raunchy origins to a broader, more empowered narrative since its debut in…
Ola Electric Mobility has seen a significant boost in its market valuation, reaching approximately $7 billion following the launch of its new line of electric motorcycles and an ambitious plan to produce its own batteries. The surge in the company’s valuation, which has increased by 20% to reach Rs 58,664 crore ($6.99 billion), reflects strong investor confidence and enthusiasm for its latest…
A leading prestige fragrance brand has successfully enhanced its market presence and sales performance through a strategic collaboration with Criteo, implementing an always-on campaign on Ulta Beauty’s website. The campaign was designed to maintain the brand’s share of voice, boost return on ad spend, and drive significant sales growth.
Always-On Strategies Drive Success
To achieve its…
Mars, Inc., a towering figure in the global market, has transformed from a small candy business into a leading multinational corporation. Founded by Frank C. Mars in 1911 in Tacoma, Washington, the company initially sold buttercream candies from his home. A move to Minneapolis in 1920 marked the beginning of Mars’ success with the Milky Way candy bar, introduced in 1923. The company’s growth…
Potato chips are ubiquitous, but Pringles stand out with their unique shape, crispiness, and consistent flavor. The journey of Pringles, however, is anything but ordinary.
In 1939, potato chips faced production halts due to the war. When they returned, they quickly gained popularity, but a major complaint was their greasiness and the prevalence of broken chips. In 1956, Procter & Gamble (P&G) set…
Sachin Tendulkar is stepping off the cricket field and into the business world with a new venture in sports athleisure. The legendary cricketer is teaming up with Karthik Gurumurthy, former chief of Swiggy Instamart, and Karan Arora, another ex-Swiggy executive, to launch a new sportswear brand.
The startup, backed by a holding company and incubated by early-stage venture fund Whiteboard Capital…
While Mukesh and Anil Ambani are often in the spotlight for their massive fortunes, it’s Lakshmi Mittal who now holds the title for owning the world’s most expensive yacht, valued at over ₹1,000 crore. Mittal, with a net worth of approximately ₹1.35 lakh crore, surpasses the Ambanis in yacht ownership.
Lakshmi Mittal’s Wealth and Achievements
As of April 2, 2024, Forbes estimates Lakshmi…
Sachin Bansal’s fintech company, Navi, has experienced remarkable growth on the Unified Payments Interface (UPI) platform, nearly doubling its transaction volume in July. Data from the National Payments Corporation of India (NPCI) shows Navi processed 68.5 million transactions in July, a significant increase from 35.7 million in June and just 3 million in March, marking a 22-fold growth in four…
