The Hidden Costs of Quick Commerce: Examining the Impact on India's Traditional Retail Ecosystem

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  A disturbing tale of corporate mismanagement has emerged involving Gensol Engineering, where company promoters allegedly treated the publicly listed entity as their personal financial resource. The investigation reveals a pattern of questionable transactions and financial maneuvering that raises serious concerns about corporate governance and fiduciary responsibility. The top culprits in this financial scandal include Grover, DLF Camallias, and BlueMobility - entities that appear to have benefited from or been involved in the questionable transactions that diverted company resources away from legitimate business activities and shareholder interests. At the heart of the controversy are allegations that promoters systematically extracted funds through various mechanisms, including related-party transactions, unsecured loans, and dubious consulting arrangements that provided little demonstrable value to Gensol or its shareholders. The revelations highlight the critical importance of...

In recent years, India’s food delivery landscape has experienced a seismic shift. What started as a mutually beneficial partnership between restaurants and online platforms—such as Zomato and Swiggy —has evolved into direct competition, as these tech giants open their own “dark stores” to prepare and deliver food. This practice, while profitable for the aggregators, raises alarm bells for restaurant owners. Drawing insights from reports on Financial Times and Reuters , this blog delves into the darker side of dark stores, illustrating how these giants may have crossed the line from collaboration to competition—some say, by illegitimate means. 1. How They Began: A Boon for Restaurants When Zomato and Swiggy first entered the Indian market, they revolutionized food delivery. By offering: Wider Reach : Small and medium-sized restaurants suddenly had a platform to showcase their menus to thousands of potential customers. Seamless Delivery : Delivery logistics were handled by the aggreg...