Qcomm’s dark store pullback; VCs flock to GIFT City

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Happy Monday! Amid rising cash burn, quick commerce firms are pausing expansion of their dark store network. This and more in today’s ETtech Morning Dispatch.

Also in the letter:
■ Fintechs slash ad budgets
■ IT firms tighten costs
■ Big Tech ramps up India hiring


Quick commerce companies slow dark stores buildout to control cash burn

dark stores

India’s quick commerce players are hitting the brakes on dark store expansion, choosing to rein in cash burn after an aggressive year of growth. Industry executives say companies are now renegotiating…



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Qcomm’s dark store pullback; VCs flock to GIFT City


Happy Monday! Amid rising cash burn, quick commerce firms are pausing expansion of their dark store network. This and more in today’s ETtech Morning Dispatch.

Also in the letter:
■ Fintechs slash ad budgets
■ IT firms tighten costs
■ Big Tech ramps up India hiring


Quick commerce companies slow dark stores buildout to control cash burn

dark stores

India’s quick commerce players are hitting the brakes on dark store expansion, choosing to rein in cash burn after an aggressive year of growth. Industry executives say companies are now renegotiating…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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