Thursday, July 7, 2022

Cars24 swerves to slow lane to ride out macro storm

The SoftBank and Alpha Wave Global–backed company is looking to reduce its burn rate by around 50% to extend its runway and readjust to a relatively slower rate of growth, starting with halting its aggressive overseas expansion plans in places like the UAE, Middle-East, Thailand, and Australia.

from Tech-Economic Times https://ift.tt/nyYgomk
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