Grofers said it was able to retain 62% of users who came on board in March after the nationwide lockdown, adding it expects to retain around 50% of new users in the long term.
Downloads of the social media platform in India fell 34% in April and 28% up to May 23.
To ensure safe delivery of alcohol and in compliance with applicable laws, Swiggy has introduced measures such as mandatory age verification and user authentication to fulfil orders.
TikTok's rating drops after Internet war erupts between influencers of short video platform and YouTube
It all started when TikTok creator Amir Siddiqui posted a video on Instagram calling out YouTubers. In his video, Amir Siddiqui accused YouTubers of plagiarizing TikTok content and losing out on brand endorsements.
A stream of startups has been firing employees over the past month, but a few have bucked the trend to continue hiring.
Software engineers, product managers, sales and marketing staff, and people in operational roles were the most impacted by layoffs at startups over the last one month, said jobs portal Big.Jobs, which shared the data exclusively with ET.
Refrens, which helps freelancers and small businesses with invoices and payment, has raised funds from a group of angel investors including Paytm’s Vijay Shekhar Sharma and Shaadi.com founder Anupam Mittal.
Naukri’s Step-Up initiative, launched around two weeks back, tracks companies and industries that are currently hiring along with active jobs to apply to in addition to driving personalised hiring drives.
These users, who do not mind paying anywhere from Rs 1,500 to up to Rs 50,000 for in-person meetups and group activities, tend to be typically over 25 years of age and have fewer demands with regard to their partner profile.
While this economy is likely to see a boost in the coming months, businesses around it, including payments and insurance, will also grow, experts said.
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