Ola to lay off 1,400 staff as COVID-19 pandemic hits revenues
In an email to employees, Aggarwal made it clear that the prognosis ahead for the business is "very unclear and uncertain" and the impact of this crisis is "definitely going to be long-drawn for us".
Instagram’s take three: Vocal for local finds few takers. For now.
For the past two years, Instagram has been ramping up the presence of smal...
Flipkart, Swiggy-backer Accel eyes $700 million fund
The final size of the fund is still being decided, and Accel could end up raising more t...
Ordering food in the time of corona: Swiggy e-mails advisory to customers, assures high standards being followed
Food brands are taking proactive measures to deal with the pandemic.
Staffing the last mile challenging as orders keep rising
Demand for home delivery has shot up anywhere between 50% and 150% in March-April compared to last year.
New-age brands look for a direct connect with users
New-age brands in the grooming, hygiene, premium packaged foods and clothing space are expanding their online footprints beyond Amazon and BigBasket, moving supply chains from China to India and rejigging product portfolios due to the Covid-19 pandemic.
Indian startups get creative as coronavirus crisis fuels funding crunch
BookMyShow is promoting free-to-watch Instagram Live performances in an effort to keep its users engaged, while restaurant aggregator and food delivery firm Zomato is targeting a push into alcohol delivery.
Zomato-UberEats deal: Cab company may invest up to $200 million
If the merger goes through, Zomato and UberEats may emerge as the biggest by number of orders and size ahead of Swiggy in a hotly contested and cash-intensive online food delivery market.
Swiggy, Dunzo open doors to dark stores to go hyperlocal
Swiggy and Dunzo have tied up with wholesalers for the first, while they have teamed up with Jumbotail for the second.
Swiggy join hands with Bounce for bike taxi pilot
The pilot started about two months ago with Swiggy’s delivery personnel using Bounce’s app to pick up and drop customers when food delivery orders are low.
Autos to tea stalls: UPI makes inroads
Given the low payment infrastructure cost, UPI is bridging the gap between organised retail and small merchants, which is resulting in shrinking of the average transaction size.
Next big wave of technology Unicorn listings could be in India
Mohandas Pai said that liquidity and valuations shouldn’t be concerns for companies seeking to list, as the market is “flush with money” and India investors have shown a willingness to pay up for growth stocks.
Flipkart leads $60 million round in logistics startup Shadowfax
The companies did not disclose the transaction value, but sources briefed on the matter told ET that the investment valued Shadowfax at about $200-$250 million, and is also likely to see other new investors join in.
Swiggy may cap its share at 25% of the total bill
Move to benefit small business owners, who do not have the leverage to seal better deals.
Trai's blockchain solution to tackle pesky calls, messages runs into legal hurdle
Tanla Solutions — an implementing partner of the distributed ledger technology (DLT) for Bharti Airtel, Vodafone Idea and state-run Bharat Sanchar Nigam Ltd — is itself a telemarketer, thus raising conflict of interest issues.