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Virtual Kitchen , a startup founded by ex- Uber employees, has raised $20 million in fresh capital in a bid to capitalize on the need for food delivery amid the pandemic, according to CNBC. billion by 2026, CNBC reported. Virtual Kitchen works to provide technology for others to set up commercial kitchens for food delivery.
firms operating on an international scale — is about to get more heated. Last week in India, the government proposed a tax on eCommerce transactions that will likely increase operating costs for sellers large and small. The jousting over eCommerce taxes — especially for U.S.
Chalk it up to “unviability of operations” in the wake of new regulatory guidelines, mandating upgrades that focus on the actual management of the physical cash at those machines. That comes as eCommerce is slated to be worth as much as $200 billion by 2026 , according to Morgan Stanley estimates, growing at 30 percent, compounded annually.
Recent analysis from Contract Simply noted 88 percent of contractors wait at least 30 days to receive payment, with 46 percent having waited between 60 and 90 days, leading businesses to rely on external financing to manage working capital while they wait.
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The e-commerce giants are capitalizing on three important trends: Global financial systems are going digital and mobile. Research from Morgan Stanley projects the online retail market will explode from $15B in 2016 to $200B in 2026. Capturing market share and becoming profitable will take mass amounts of scale and capital in India.
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