BUSINESS
E-commerce firms stumped by home ministry U-turn barring delivery of non-essential goods
Move will create delays for consumers who were hoping to get delivery of electronic items, stationery needed to work and study from home
BUSINESS
NoBroker gets $30 million more from General Atlantic in Series D round
The real estate startup had raised $121 million from General Atlantic and Tiger Global in 2019.
BUSINESS
Coronavirus lockdown guidelines | Amazon, others seek clarity on movement of goods
Clamour grows for opening e-commerce across the country manpower and getting small sellers online remains a challenge.
BUSINESS
Coronavirus pandemic | Digital payments hit but contactless transactions pick up in times of lockdown
With discretionary spends going down, transaction volumes will be hit, which, in turn, will disrupt the cash-flow based lending business.
BUSINESS
Cred forays into lending, to offer flexible credit line
The startup offers credit card payments through the platform and offers Cred coins in return which can be redeemed at partner business outlets
BUSINESS
Coronavirus pandemic | Restaurant body seeks relief package, writes to NITI Aayog CEO
The National Restaurant Association of India says lockdown hurting business badly, job losses mounting.
BUSINESS
Wellthy Therapeutics raises $4 million from Saama Capital
The startup offers digital therapies to help patients with chronic conditions.
BUSINESS
Coronavirus pandemic: Startups pitch in as India races against time to produce ventilators
Agva is making 10,000 portable ventilators for the central government and Ethereal Machines is awaiting regulatory nod to deploy splitters on ventilators if the situation becomes dire.
BUSINESS
Coronavirus pandemic | ClearScore shuts down India operations, says lockdown hurt business
Banks are tightening their lending policies, leaving aggregators like ClearScore with hardly any business.
BUSINESS
Virtual Leaders I Working remotely is the new normal: Instamojo’s Sampad Swain
Sampad Swain is the cofounder of Instamojo - which offers a payments and commerce platform for micro and small businesses selling products online.
BUSINESS
Virtual Leaders | Spending time with family biggest positive of lockdown: Fino Payments Bank CEO Rishi Gupta
Gupta has led Fino Payments Bank through its transition from a business correspondent to a full-fledged payments bank
BUSINESS
Rural economy hinges on DBT money as remittances come to a complete halt
Business correspondents are trying to keep their outlets operational so citizens can withdraw the money; but as all businesses stop, how big a hit will rural India take?
BUSINESS
Zupee raises $8 million in Series A round led by Matrix Partners
The startup runs live quiz tournaments where participants compete for prize money.
BUSINESS
NoBroker posts net loss of Rs 46.5 crore but revenue up 55%
The startup raised $121 million funding round from Tiger Global and General Atlantic last year.
BUSINESS
Virtual Leaders I Life has become more disciplined: Jupiter’s Jitendra Gupta
Moneycontrol looks at how a scrum of business leaders is dealing with these fast changing times.
BUSINESS
Coronavirus pandemic | Lockdown unlocks gains for fitness startups, live workouts a big hit
Bengaluru-based CureFit says it is adding new users every second day, 2 lakh people attend sessions daily
TRENDS
Virtual Leaders | Individuals face the risk of burning out if the lockdown lasts too long: Nithin Kamath of Zerodha
The founder and chief executive officer of the largest stock broker in the country on how his life and work routine have changed these past few days.
BUSINESS
Swiggy raises another $43m in Series I round, gets valued at $3.65bn
Existing investor Tencent leads the round, with Ark Impact, Korea Investment Partners and MACM India Growth Fund joining in.
BUSINESS
Fingpay raises Rs 27 crore from IVYCap Ventures
Currently operational only in 5,500 pin codes, the startup, which was founded in 2016 by Pratyush Halen and Anuraag Agrawal, intends to scale up operations into newer geographies.
BUSINESS
Recko raises $6 million from Vertex Ventures, Prime Venture Partners
The startup offers reconciliation services for companies which receive digital payments across multiple channels.
BUSINESS
As business plummets, food delivery platforms nudge restaurants to open with newfound goodwill
From promising no increase in commissions to helping with ensuring strict hygiene standards at partner restaurants, Swiggy and Zomato are coaxing resturants to resume business.
BUSINESS
The startup ecosystem gets its ACT together, sets up fund to help fight COVID-19
Industry veterans, top VCs and prominent founders have participated in the fund, which will springboard innovators working around fighting the pandemic.
BUSINESS
Coronavirus pandemic | It's Startup Vs Covid-19 as techies, investors help states fight outbreak
The 900-member strong body is pooling technology and resources to lend a hand to state governments in these trying times.
BUSINESS
Coronavirus pandemic | Offices shut, bosses turn to digital signatures to keep the show going
Startups offering digital signatures and other such services are hoping to get traditional companies to take the digital plunge.
