BUSINESS
COVID-19 lockdown: E-commerce firms start taking orders of non-essentials in ‘red zone’ cities; deliveries to begin from today
Most consumers order kitchen equipment, clothes, trimmers, and work-from-home items like keyboards on the first day.
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.
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
WhatsApp Payments on track to go live by May-end sans State Bank of India
Three banks - HDFC Bank, Axis Bank, ICICI Bank - are set to offer UPI handles on the payment platform.
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.
