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Bernstein: Customer acquisition costs will be lower for such apps, and fintech companies can also present direct interventions such as lending to customers to keep them engaged on the platform, the research firm said.
A week after ET reported that Dunzo may lay off more employees after the April carnage when it cut 300 jobs, more bad news is coming. The quick commerce company is turning to Reliance Retail, its largest investor, for a fresh cash infusion. It is not known if Reliance will oblige. This and more in todays ETtech Morning Dispatch.
Bessemer Venture Partners (BVP) has estimated the online-first and technology-enabled business-to-business (B2B) marketplaces category of startups to become a $200 billion market opportunity by 2023.