21.6 C
New York

Current biz models won’t last long, says Zomato chief

Published:

MUMBAI:

Startups

will need to

innovate

to create long-lasting businesses as the rapid evolution of technology will make current

business models

irrelevant in the years to come.
“With all the tech and distribution systems that are changing, no business model will last beyond a decade or two. Startups will have to innovate and create new businesses out of the outcomes that they have created so far if they have to last longer,” said Deepinder Goyal, founder and CEO at Zomato, adding that building a generational company is harder now.

“For Zomato, it is all about how do we disrupt our own businesses.

Zomato

is already at version four in its 16-year journey,” Goyal said at the Startup Mahakumbh event on Monday.
The firm’s quick commerce business Blinkit could get bigger than Zomato in a year’s time, Goyal added. The Gurgaon-based food delivery major had acquired Blinkit (formerly Grofers) in a Rs 4,447 crore deal in 2022 to get a foothold in the quick commerce or instant delivery market which is fast growing in India.
Meanwhile, Rajan Anandan, MD at Peak XV Partners, said that founders should focus on building very high quality businesses and that there’s no lack of capital for solid business models. The startup ecosystem is expected to pocket $10-12 billion in funding from investors this year, Anandan said.

We also published the following articles recently

Quick stress relief : 5-minute strategies for busy lives
Combat everyday stress triggers by managing with techniques like deep breathing, hydration, writing, stretching, talking, power naps, nature time, calming music, mindfulness. Consistently identify sources, focus, act to enhance well-being and stay calm amid life’s demands.

Top Setting Powders for Long-Lasting Matte Finish
Setting Powders lock in makeup for a velvety finish, hiding imperfections and absorbing oil. Available in various colors for different skin tones. Opt for lightweight, long-lasting powders like Maybellines Fit Me or e.l.f. High Definition.

Telegram introduces new features for businesses: All details
Telegram launches Business features for Premium users to convert personal accounts, add location/hours, use color labels, auto greeting/away messages, quick replies, media, file sharing, preset responses, and text formatting support.

Related articles

Recent articles

spot_img