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
Coronavirus pandemic: Policybazaar sees term, life insurance sales go up 40%
The unicorn is not planning salary cuts but will keep an eye on costs, says CEO Sarbvir Singh.
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.
BUSINESS
Facebook may use Jio deal to quickly launch WhatsApp Pay, challenge Paytm, others
UPI will gain big if WhatsApp is allowed to take payments live.
BUSINESS
Reliance Jio-Facebook deal: JioMart consumers can look forward to a complete digital shopping experience
JioMart will fulfil orders placed through WhatsApp or Facebook, payments can happen digitally through WhatsApp Pay, completing the digital journey for the consumer.
BUSINESS
Yap raises $4.5 million in Series A round, plans overseas expansion
This round has happened on the back of its first seed round of a million dollars earlier this year.
BUSINESS
Hamstrung by labour shortage and logistical woes, agri supply network struggling for survival
While the government is easing restrictions for certain industries, non-functional mills and transportation hurdles are preventing essential items from being produced and shipped at large scale
BUSINESS
Russia's Ru Net Enterprises leads fundraising round in Bijak, startup raises more than Rs 90 crore
The startup is looking to raise more than Rs 100 crore in its series A round.
BUSINESS
Zomato, Swiggy try to build customer confidence but it's an uphill task
Some restaurants are back online but ban on food delivery in some places, supply constraints are bad for business.
BUSINESS
Decision to make govt nod must for Chinese investments to hurt growth-stage Indian startups
Industry experts pitch for policy initiatives to encourage domestic companies to invest in Indian startups
BUSINESS
Pariksha raises undisclosed sum from prominent angels, Venture Catalyst
The startup offers test preparation online for non-metro students to help them crack state government job exams.
