India's AI Filmmakin...ย โขย 1m
๐ฅ Glovo, Delivery Hero, and the โฌ329M Wake-Up Call โ ๏ธ Big news just hit the delivery world โ and itโs seismic. The European Commission has slapped Barcelona-based Glovo and Germanyโs Delivery Hero with a combined โฌ329 million fine for allegedly operating a cartel in the online food and grocery delivery space. Glovo: โฌ106M (thatโs ~10% of their global revenue!) Delivery Hero: โฌ223M Reason? Alleged collusion. Market manipulation. Cartel behavior. ๐จ This isnโt a slap on the wrist. Itโs a potential death sentence. ๐งจ My Blunt Take? This could be the beginning of the end for both companies. Glovo hit with โฌ106M? Delivery Hero nailed for โฌ223M? In a market already razor-thin on margins and burned out on VC fuel, how do they survive this? But letโs go deeper than the headlines. ๐ก Is This Another "EU Startup Killer" Move? Thatโs the hot take flying around. โThe EU is anti-innovation!โ โTheyโre stifling startups with regulations!โ Sure, these fines are colossal. And yes โ the EUโs approach to tech can feel bureaucratic and blunt. Butโฆ ๐งญ Accountability Still Matters Letโs not lose the plot: Cartels harm competition. They harm consumers. If these companies really colluded, the fines arenโt just justified โ theyโre necessary. Startups donโt get a pass because theyโre โinnovatingโ or โscaling fast.โ Rules still exist for a reason. ๐ The Deeper Rot: A Toxic VC-Fueled Cycle For me, this isnโt just about the EU or bad startups. Itโs about the unsustainable model weโve all watched unfold for a decade: ๐ธ Blitzscale with cheap money โ ๐ Burn billions to crush rivals โ ๐ฅ Try to win monopoly โ ๐ Profits? Later. Maybe. When that "maybe" never arrived, desperation did. And desperation leads to corners cut. To rules bent. To collusion, maybe. This isnโt new. WeWork. Gorillas. Uber Eatsโ ongoing struggles. Weโve seen this movie before. ๐ฅ The Macro Punch No One Talks About Why the desperation? Because consumers are squeezed. Hard. VCs want growth. Users want cheap delivery. Startups canโt deliver both forever โ not without breaking something: ๐ Unit economics ๐งพ Labor laws ๐ Antitrust rules This isnโt just a startup issue. Itโs a macro failure. A broken economy. Stagnating wages. Rising costs. And policymakers looking the other way. โ๏ธ The Bottom Line The EU just smashed two delivery giants with historic fines. But letโs not pretend this solves the real issue. This isnโt just about bad actors. Itโs about a bad system. Until we reckon with a decade of cheap money chasing fantasy economics in a broken consumer market โ this kind of story will keep repeating. ๐ข Whatโs your take? Are these fines a just punishment or a warning sign of deeper dysfunction? Should the EU step back, or double down? Where does the real accountability lie โ with founders, investors, regulators... or all of them? ๐ Letโs talk in the comments.
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Nuro Raises $106M, Now Valued at $6 Billion Nuro, known for its autonomous delivery robots, raised $106 million in fresh funding, boosting its valuation to $6 billion. The funds will help scale operations and enhance delivery robotics technology. #
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The Trade War Continues. The Economist reports that the EU has devised a new restriction for China. The EU has imposed tariffs on Chinese cars, and in response, China is imposing tariffs on pork. In reaction to China's response, the EU is considerin
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โWhoโs the Hero: Your Product or Your Customer?โ The concepts of โProduct as Heroโ and โCustomer as Heroโ shape how brands tell their stories. In the โProduct as Heroโ approach, the product is the star โ solving problems with innovation and performan
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What next for Ather? A Hero subsidiary status? ๐ ๐ With the latest development, that has never been more likely. Let's dive in! .. Whenever Ather Energyโs in need of more money, Hero pounces in. -> This was evident in the Sep rights issue where
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Your employer needs you to be a Hero. Are you truly up for it? If yes, what Hero will you be? Hero-syndrome, especially when you are working with a team, becomes a slippery slope. You have to define - Your origin story What you stand for What type
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