BUSINESS
Indian exchanges working on lending, margin trading as crypto dealings go mainstream
CoinDCX offers DCXLend and WazirX is all set to go live with lending features.
BUSINESS
CoinDCX raises fresh funding of $2.5 million from Polychain Capital, Coinbase Ventures
The startup has seen a massive jump in the adoption of a crypto exchange platform with COVID-19 throwing traditional markets into a tizzy
BUSINESS
Why Amazon launched its food delivery business in the middle of a pandemic
The online food delivery business is a mess, with consumers in hiding and restaurants pushing back. Yet, Amazon Food was launched last week.
BUSINESS
Zomato elevates Mohit Gupta as fourth founder
This development comes while Zomato is in the middle of a downsizing operation and is looking to ensure steady revenue in the middle of a pandemic
BUSINESS
Investment platforms find value in digital KYC despite drop offs
Startups see value in the video KYC process, but are waiting for OTP-based Aadhaar authentication to encourage new users to the stock market
BUSINESS
Exclusive I Competition regulator launches probe into Zomato-Uber Eats deal
CCI examining if Zomato’s acquisition of Uber Eats India is anti-competitive and whether the two companies should have notified it about the transaction. Probe could impact similar deals between leading players.
BUSINESS
Amazon starts food delivery, picks Bengaluru for launch
The entry of Amazon Food could have massive implications for Swiggy and Zomato.
BUSINESS
Riskcovry has closed a pre-Series A round from Bharat Inclusion Seed Fund and others
The B2B insurtech startup offers insurance as a product to other corporates who in turn distribute it to their customers
BUSINESS
Fino Payments Bank hits operational profitability, revenue jumps 86% in FY 20
The bank has already reached 80% of its pre-COVID-19 business volumes.
BUSINESS
Ecommerce players, logistics startups join hands to beat last-mile challenges
Large retailers are tying up with ride-sharing hyperlocal delivery startups to ensure doorstep deliveries.
BUSINESS
CureFit to start charging customers for online classes
The startup is betting big on online fitness classes.
BUSINESS
Coronavirus pandemic | Swiggy lays off 1,100 employees; scales down cloud kitchen business
The layoffs come two days after rival Zomato let go of around 500 people.
BUSINESS
Eggoz raises Rs 2.5 crore in another round of seed funding
The startup works with farmers to produce eggs with high nutritional content.
BUSINESS
NRAI to work with Dotpe to offer digital ordering as an alternative to Zomato’s contactless dining
National Restaurant Association of India, the industry body for restaurants across the country is encouraging its members to offer a digital dining experience to their customers.
BUSINESS
Delhi High Court orders RBI, central government to respond to pleas on flouting of norms by Google Pay
A petitioner has alleged that Google Pay had flouted norms of interoperability set by NPCI.
BUSINESS
Zomato to lay off 13% workforce, up to 50% salary cuts for rest
COVID-19 and the lockdown have hit the business severely and there is a need to redefine business strategy, CEO Deepinder Goyal has said.
BUSINESS
Coronavirus pandemic |Business booms for crypto-exchanges as economy takes a beating
Platforms see a big jump in trading volumes, new users as the government and the RBI stay mum on regulation.
BUSINESS
Stimulus effect: Industry lobby writes to Sitharaman, wants startups included in MSMEs
The sector wants to be included in the financial package announced by the government.
BUSINESS
Intello Labs raises $5.9 million in series A funding round
The startup helps bring in standardisation and quality control in fruit and vegetable supply chain.
BUSINESS
Coronavirus pandemic | Banks see a big jump in social media chatter as customers take to Twitter, Facebook
From queries on loan moratorium to KYC applications, banks flooded with queries on Facebook, Twitter and other social media.
BUSINESS
Doceree raises a million dollar in seed funding
The US-based healthcare marketing startup uses data, technology to connect pharma companies with doctors.
BUSINESS
EXCLUSIVE | Amazon in insurance push, working with Acko to offer more products, better experience
Insurance to be offered as a separate category on the home screen.
BUSINESS
Swiggy suspends ‘Super’ subscription programme
The decision comes at a time when rival Zomato has doubled down on its Gold programme.
BUSINESS
EXCLUSIVE | Our decision overrides Facebook’s: Sudhir Krishnaswamy, only Indian on oversight board
The board will look to enlarge the domain of freedom of speech but also preserve dignity and equality on the platform, says Krishnaswamy.
