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Nupur Tevatiya

India's AI Filmmakin...ย โ€ขย 1m

๐Ÿ’ฅ Glovo, Delivery Hero, and the โ‚ฌ329M Wake-Up Call โš ๏ธ Big news just hit the delivery world โ€” and itโ€™s seismic. The European Commission has slapped Barcelona-based Glovo and Germanyโ€™s Delivery Hero with a combined โ‚ฌ329 million fine for allegedly operating a cartel in the online food and grocery delivery space. Glovo: โ‚ฌ106M (thatโ€™s ~10% of their global revenue!) Delivery Hero: โ‚ฌ223M Reason? Alleged collusion. Market manipulation. Cartel behavior. ๐Ÿšจ This isnโ€™t a slap on the wrist. Itโ€™s a potential death sentence. ๐Ÿงจ My Blunt Take? This could be the beginning of the end for both companies. Glovo hit with โ‚ฌ106M? Delivery Hero nailed for โ‚ฌ223M? In a market already razor-thin on margins and burned out on VC fuel, how do they survive this? But letโ€™s go deeper than the headlines. ๐Ÿ˜ก Is This Another "EU Startup Killer" Move? Thatโ€™s the hot take flying around. โ€œThe EU is anti-innovation!โ€ โ€œTheyโ€™re stifling startups with regulations!โ€ Sure, these fines are colossal. And yes โ€” the EUโ€™s approach to tech can feel bureaucratic and blunt. Butโ€ฆ ๐Ÿงญ Accountability Still Matters Letโ€™s not lose the plot: Cartels harm competition. They harm consumers. If these companies really colluded, the fines arenโ€™t just justified โ€” theyโ€™re necessary. Startups donโ€™t get a pass because theyโ€™re โ€œinnovatingโ€ or โ€œscaling fast.โ€ Rules still exist for a reason. ๐Ÿ”„ The Deeper Rot: A Toxic VC-Fueled Cycle For me, this isnโ€™t just about the EU or bad startups. Itโ€™s about the unsustainable model weโ€™ve all watched unfold for a decade: ๐Ÿ’ธ Blitzscale with cheap money โ†’ ๐Ÿƒ Burn billions to crush rivals โ†’ ๐Ÿฅ‡ Try to win monopoly โ†’ ๐Ÿ“‰ Profits? Later. Maybe. When that "maybe" never arrived, desperation did. And desperation leads to corners cut. To rules bent. To collusion, maybe. This isnโ€™t new. WeWork. Gorillas. Uber Eatsโ€™ ongoing struggles. Weโ€™ve seen this movie before. ๐Ÿ’ฅ The Macro Punch No One Talks About Why the desperation? Because consumers are squeezed. Hard. VCs want growth. Users want cheap delivery. Startups canโ€™t deliver both forever โ€” not without breaking something: ๐Ÿ“‰ Unit economics ๐Ÿงพ Labor laws ๐Ÿ“œ Antitrust rules This isnโ€™t just a startup issue. Itโ€™s a macro failure. A broken economy. Stagnating wages. Rising costs. And policymakers looking the other way. โš–๏ธ The Bottom Line The EU just smashed two delivery giants with historic fines. But letโ€™s not pretend this solves the real issue. This isnโ€™t just about bad actors. Itโ€™s 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. ๐Ÿ“ข Whatโ€™s 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? ๐Ÿ‘‡ Letโ€™s talk in the comments.

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