BUSINESS
EXCLUSIVE | Instamojo sees big jump in business as more micro-businesses go online
The Bengaluru-based digital payments platform hopes to be profitable this year, says CEO Sampad Swain
BUSINESS
Swiggy CTO Rahul Jaimini quits, set to join Pesto Tech
In a blog post shared on its website, Swiggy co-founder Sriharsha Majety said Jaimini will continue to be a shareholder and board member at the food delivery major.
BUSINESS
Startups digitising micro-businesses sense new opportunity as COVID-19 makes door-to-door collections risky
SpiderG and Paperking are trying to digitise collection systems for newspaper vendors, small gyms, coaching classes and many others.
BUSINESS
To reduce dependence on Zomato and Swiggy, restaurants seek own delivery platform
In a virtual town hall, top industry officials stress on the need to prepare for a post- Covid19 world.
BUSINESS
Exfinity Ventures leads Series A funding round in Vernacular.ai
The funding will help the startup expand operations in the USA and South East Asia.
BUSINESS
Exclusive | Swiggy looks beyond food, sets up tech centre to boost hyperlocal delivery
The centre in Chennai will work on location intelligence, as the company wants to streamline grocery supplies, setting up of virtual shops.
BUSINESS
COVID-19 impact | CureFit trims workforce, shuts down centres across India and UAE
The company said that these decisions were taken to ensure long-term viability of the business.
BUSINESS
Exclusive: Xoogler makes its first investment in India, helps Rupifi close its pre-seed round
Xoogler pumps in between $100,000 and $200,000 into early stage ventures started by ex-Google executives.
BUSINESS
Virtual Leaders | Lockdown has been an opportunity try out new recipes says Razorpay CEO Harshil Mathur
Harshil Mathur is the chief executive officer of payment gateway startup Razorpay.
INDIA
Coronavirus lockdown 3.0 | E-commerce startups cheer as government eases restrictions
This move will allow many professionals, who are working remotely, get access to products needed for 'work from home'.
BUSINESS
Amazon, Flipkart allowed non-essential deliveries in orange, green zones
The lockdown that was to end on May 3 extended by two weeks.
BUSINESS
Coronavirus pandemic | Sharp drop in digital payments as lockdown holds up economy
IMPS sees a 43% decline, UPI 17% and FAS Tag collections are down 90%, NPCI data shows.
BUSINESS
Virtual Leaders | Preparing for better future once normalcy returns: Scripbox cofounder Ashok Kumar ER
Ashok Kumar ER is the cofounder of online mutual funds distribution startup - Scripbox
BUSINESS
Google ropes in former Axis Bank CEO Shikha Sharma for its payments business
She will help the company to bolster its global payments business.
BUSINESS
Coronavirus pandemic | PPE rescues B2B startups as orders for masks, gloves, gowns flood in
A huge jump in orders for protective equipment from hospitals, state governments and corporates keeps business going for these companies.
BUSINESS
Coronavirus pandemic | Startup lobby seeks Rs 25,000-cr fund, relook at FDI changes
In a letter to commerce minister Piyush Goyal, startups have called for a relook at recent changes made to FDI rules.
BUSINESS
Fintech startup Nira closes $2.1-million funding round from angels
The startup will use funds to hire fresh talent and scale up operations
BUSINESS
Virtual Leaders | Want to play squash as soon as lockdown gets over: Policybazaar CEO Sarbvir Singh
Sarbvir Singh is the chief executive officer of insurance marketplace Policybazaar
BUSINESS
Fitness startups flex serious muscles, home workout sessions a big hit
From established players to early-stage startups, all see a big jump in subscriber base.
BUSINESS
Overall digital payments volume dips 30%, UPI payments fall 37%
Razorpay data shows that sectors like entertainment, bill payments have gone up while travel, real estate transactions are down more than 80 percent.
BUSINESS
Franklin Templeton India crisis: Startups feel the jitters
Startups are being advised by their investors to withdraw money from such funds and park in more secured assets like fixed deposits.
BUSINESS
PayU Credit appoints 2 executives to beef up top deck
Anup Agrawal will head business, Vikas Sekhri will be the chief product officer.
BUSINESS
Steady supply of medicines: This startup has a plan in place to get around lockdown restrictions
Kolkata-based startup uses 178 data sources to offer location based business insights to clients.
BUSINESS
With Jio’s support, WhatsApp a step closer to becoming a ‘super app’
Facebook will try to use WhatsApp for revenue generation as it looks to India for its next billion users.
