Gorillas, the 10-minute delivery e-grocer, just announced that they are putting their much-anticipated expansion into the US on pause. The announcement came with the information of a new fundraiser, albeit at a lower valuation than before, and news of layoffs.
Really interesting article Gad thank you! The ironic aspect in this story for me is that speed compromised speed. The stop, start nature of this will no doubt cost time and, potential market position. Even if they can reset, revaluate and get going again.
Am wondering whether the "seam" between efficiency and scale is an area that could do with more research leading to a more repeatable approach for scale-ups...
It makes sense that if the market is "a winner-takes-all market", a startup can take a speed-first strategy. However, if the moat is relatively shallow, how much impact does this one-time dominance bring to the company?