VCs growing wary of on-demand delivery


123rf.com

While ride-hailing services like Uber have seen success, startups in delivery of goods are finding their business a little more tricky to master. And many venture capitalists seem to have lost faith in the sector.

MICHAEL Moritz, chairman of Sequoia Capital and one of the most successful venture capitalists in history, says a simple vision led him to invest hundreds of millions of dollars in on-demand delivery startups.

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Business , VCs , delivery , startups

   

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