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It s not just instant-delivery startups that are struggling. Oda, the Norway-based online supermarket delivery startup, has confirmed layoffs of 150 jobs as it drastically
nike dunk scales back its expansion ambitions to focus on just two markets, its home base and Sweden, the home base of Mathem, an online grocery retailer that Oda merged with last year.Oda, which has raised hundreds of millions of dollars and was once valued as high as $900 million in a round led by SoftBank in its Vision
air max femme Fund investment heyday, now says its aim is to become profitable in the two countries sometime next year.聽Oda s ret
nike airforce ones reat mirrors what we ve seen play out in the instant grocery delivery space, where a number of startups have either sold down or been acquired for pennies on each dollar raised as they have struggled to get the unit economics to work amid sluggish growth. That all appeared to come to a major head in April, when Getir, the startup out of Turkey that raised $2.3 billion, announced layoffs and a ret Akbn Express Shocking Possibilities of Russian Startup Market
This changed dynamic puts founders in a difficult position.Nabeel Alamgir, CEO and founder of Lunchbox, struggled to raise his first institutional check for his restaurant tech startup. After searching for more than a year, Alamgir found an investor who understood his vision. Better yet, the investor had connections to restaurants in New York City that Alamgir wanted to la
salomon alphacross nd. So, Alamgir shared everything about Lunchbox, from the financials, to the product integration road map and go-to-market strategy.After a month of due diligence, the investor ghosted Alamgir. Four months later, that same investor s portfolio company launched a product mimicking Lunchbox. I di
adidas campus 80s d not do due diligence on them as they were doing on me, he said. And I forgot all my rules. Most rules go out the window as cash is ru
crocs badelatschen nning out. Alamgir s experience is a classic case of back-channeling, a sometimes unfortunate yet uncommon occurrence for founders in Silicon Valley. It s not a secret that investors share int