Instant househelp startups burn $16-17 million in June as battle for customers intensifies
Instant househelp sector cash burn rose 14% month-on-month to $16-17 million in June. Aggressive discounting and customer acquisition offers fueled demand and order growth across platforms. The sector's rising cash burn, coupled with the relatively limited size of the addressable market, is beginning to concern investors tracking the space.
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