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Editor's note

What a fortnight it has been. As we go to press, the United Kingdom has voted in a referendum to exit the European Union. It was a remarkably close vote, practically split down the middle. The markets around the world are going crazy, and in India, the rupee and stock indices are plunging.

You might have noticed that in the past few months, the news coming out of India's $17-billion e-commerce sector has been decidedly mixed.
While Budgets can be really bad, no Budget in the past two decades has succeeded in being so good that it lifts the spirit of everyone uniformly.
The grocery delivery business in India is somewhat more complicated than it is in the US.
 A CEO today has to constantly worry about the introduction of a new product or service that would make his current offerings obsolete in no time.
The problems of the food tech start-up space is just an early warning sign of what is likely to happen in many other e-commerce segments.