Make your transactions foolproof.
Dear Balbir Singh,
The much-publicised legal wrangle between Khatabook and Dukaan has a lesson for startup founders: Make your transactions foolproof. What remains intriguing is why Khatabook, which managed to force the Dukaan app out of Play Store through a court injunction, settled for a small equity and withdrew its copyright claims. The first story in today’s edition does a deep dive.
TECH
The intriguing settlement of the Dukaan-Khatabook dispute
Two startups. A spat in the open. Barbs of theft and deceit. For a fracas that was increasingly getting noisier, it ended quite abruptly. Khatabook, valued at USD300 million, which had accused Growthpond Technologies of using its proprietary base code and got an injunction order, forcing the latter to take down the Dukaan app from Google Play and other platforms, has withdrawn its copyright-infringement case. Is Dukaan likely to be relisted on Play Store soon?
INFRA
Snowman is learning to walk on thin ice called profitability
India’s largest cold-chain player is looking to increase capacity by 20% this financial year and clock higher revenue than last year. It is focusing on high-yielding sectors like e-commerce and pharma. The company is also taking steps to go light on assets to overcome a sore point in its books – profitability. Can Snowman make it work?
FROM OUR ARCHIVES
The high price for India’s cryptocurrency blur
As blockchain patents skyrocket globally, India is wallowing in regulatory uncertainty. If regulators continue to dilly-dally on preparing a comprehensive framework, the country will miss out on a big trend. Guess who are the ones that will be the worst hit and fall behind their global peers.
Regards,
ET Prime Team