The latest round comes at a time when risk capital investment activity has almost ground to a halt, because of the spread of the Covid-19 pandemic across the globe
Investors in early stage startups are likely to trim the number of financing rounds significantly over the coming quarters as they conserve cash for existing portfolio companies
According to the portal, these businesses are looking for 800 riders and will offer them Rs 50 per delivery, and 500 pickers with salaries starting from Rs 16,800 per month.
Prices of potato, dairy items and meat may rise further with cold storages running out of refrigerants. The poultry industry is in distress as they are unable to get feed for birds.
IAMAI said the move could adversely impact delivery of medicines even as drugs fall under essential items which are exempted during the 21-day nationwide lockdown
E-comm firms cautioned consumers and kirana stores to expect delayed deliveries as they deal with operational upheaval caused by the restriction on manufacturing and movement of goods, and people.
Asian countries have used a range of technologies in their fight against the pandemic, raising questions about excessive surveillance and the violation of citizens’ privacy.
An unprecedented business crisis looms. And no one can see light at the end of the tunnel. "The world is staring down the barrel of a recession," says Biocon’s Kiran Mazumdar-Shaw.
Home services startup Urban Company has partnered with Srinidhi Foundation to set up a relief fund to support gig workers and independent contractors on its platform and their families over the next few months.
Many companies were hopeful that Monday would be much better as various authorities were actively trying to smoothen the flow of essential items, but some industry executives bluntly said time was running out.
With the young discovering old ways to connect and the old connecting with the new, the Covid-19 outbreak has turned some assumptions about technology and the demographics of the Internet on its head.
From spiritual discourses to virtual team lunches, and online fitness clubs to digital chai breaks, India Inc is getting creative to keep its workforce motivated
The packaging supply chain for has come to a complete halt as India stopped imports from China and local manufacturers struggle with permissions to operate under a lockdown
Retailers, both offline and online, said they saw an improvement after local authorities and police acted to reverse the indiscriminate shutting of retail outlets and warehouses
Human resource firms for startups and IT services companies are seeing an early trend where companies, especially the smaller ones, are also withdrawing offers.
Food delivery aggregators are currently facing a two-fold problem—getting permissions to operate, and ensuring restaurant partners are set up to open operations.
Delivery time for online orders has increased to a week as online retailers engage with local administration in various states to procure permissions to function during the 21-day lockdown
IT firms maintain that they are an essential service supporting clients to manage their supply chain, make employee payroll and help drug companies bring out new molecules faster
Driver partners who are currently in distress due to the temporary lockdowns to arrest the spread of Covid-19, will stand to benefit with the reduced economic burden during these times
The move comes a day after the central and state governments decided to lockdown 75 districts across the country where Covid-19 cases have been reported.
Nearly half of India’s technology workers – estimated at 3 million – have already begun to work from home as social distancing becomes key to contain the spread of the outbreak
In an advisory sent on Friday, the government asked social media platforms to start awareness campaigns, remove misinformation from the platform and promote authentic information on the virus.
Usage of cab hailing services, which largely serve customers in metro cities for commute and airport rides, have been mostly limited to white-collar workers due to their premium pricing
Indian Internet companies like Flipkart, Swiggy, Ola, MyGate, 1mg, and others have been actively pushing out content to their frontline workforce to educate them on the virus
Arundhati Bhattacharya led India’s largest public sector bank during a crucial four year period when other public sector banks were facing challenges with loans
Startups also pointed out that the lockdowns would have economic and social cost, and steps need to be taken to prepare well, including maintaining supply chain for essentials like food, medicines
Indian IT firms are finding it tough to send replacements for staff who are working on client projects overseas as most countries enforce travel curbs to prevent outbreak
The fund, which plans to invest upwards of $100,000 per startup, promises to open up direct access to Binance’s global blockchain ecosystem to India’s entrepreneurial community
Tencent's stock began climbing in February after the outbreak exposed the dichotomy of the world's second largest tech economy. While virtual denizens like Tencent rode a surge in social media and entertainment, other companies like Alibaba with outsized footprints in the material world struggled to contain the fallout.
With nearly 64% of CCTV cameras in the country and facial recognition software for traffic, law & order, pensions and elections, Telangana is redefining data-driven governance. But in the era of data security and privacy, the question is, at what cost?
The increased need to seek a professional medical diagnosis along with a feeling that hospitals could be a point of contact with a person infected with the coronavirus is leading to this boom in telemedicine
Account aggregators would be a platform for financial services companies to reach out to the consumer to seek consent before using their personal data to optimise their product offerings.
Online grocer BigBasket said warehouse employees handling fruits and vegetables use disposable masks and gloves. Workers are being scanned for any symptoms and offices have been equipped with sanitisers and delivery staff with disposable gloves that are changed after every delivery.
For the $190 billion IT services and BPO sector, Covid-19 poses the twin challenges of business continuity and business growth. Infosys on Saturday evacuated one of its buildings in Bengaluru as a precautionary measure after one of its employees came in contact with a suspected Covid-19 patient.
The coronavirus outbreak has contributed to a dramatic retrenchment in China, where Oyo is cutting about half of its staff. The company is reducing its global workforce, by about 5,000 jobs, to 25,000 people as part of a worldwide overhaul.
As per two industry executives aware of the plans, over 5,000 employees and associates of Apple in India will be largely working from home. Apple has four sales offices in India located at Mumbai, Bengaluru, Hyderabad and Gurgaon.
Bill Gates and his wife Melinda run one of the world's largest charities, the Gates Foundation, which has billions in assets and funds global health programmes to combat disease and poverty.
Verily, a healthcare tech company also owned by Alphabet, said it was leading the effort to develop the web tool, with the help of an undisclosed number of Google employees.
Food delivery app Swiggy, local news platform DailyHunt, financial services company Khatabook and Tapchief, which helps freelancers find work, have implemented mandatory work from home for next week
Industry association Nasscom has been in talks with the government for more than a week to allow employees of units operating from Special Economic Zones (SEZs) to work from home.
As Covid-19 infections spread, many companies — from big corporations to startups to technology MNCs — are asking employees to stay home and avoid unnecessary travel
"The employee has been on quarantine since then, and we have asked colleagues who were in close contact with the employee to quarantine themselves and monitor their health,"a Google spokesperson said in a statement
Bitcoin has lost over 30% of its value in the last five days, outpacing sharp losses for assets from stocks to oil as the pandemic wreaks havoc on the daily life of millions.
Annulling of ‘Neufeld Memo’, used to set staff-employer relationship, is being viewed as a big boost for Indian IT firms that have been denied H-1B applications in recent years
In a joint report, titled “Sustainable mobility for Bengaluru”, they have sought to incentivize the use of public transport over private car ownership.
By focusing on the local China market first and targeting individual users, ByteDance will try to capture the latent demand in the country that's been catalyzed by the coronavirus, said the people familiar with its plans.
Airbnb's policy is that all reservations are able to be canceled within 48 hours of booking for a full refund. Beyond that, it's up to hosts to determine the refund policy, which are stated on the listings and range from flexible to strict.
SoftBank's investments include a number of startups that are restructuring or scaling back: WeWork is recovering from its failed IPO last year, Oyo Hotels is cutting 5,000 jobs after its business in China crumbled. Uber is reducing operations and costs in search of profitability.
To focus on profitability, US retailer and Flipkart Group parent Walmart has clamped down on processes at online fashion retailer Myntra, which includes shutting down small warehouses, bringing down the level of inventory and reducing discounts on the online platform, sources said.
This sector has attracted more than $1.5 billion of investments. The most recent investors include Facebook, Tiger Global, Matrix Partners and GGV Capital
Venture Highway, Global Founders Capital and angel syndicates, CloudCapital, Better Capital, 100x Entrepreneur Fund and Sequoia Scout have also participated
If India were to lose the case, it would be compelled to cut basic customs duty on all handsets, which would erode manufacturing in India and flood the local market – even in the low-end segment – with cheaper imports from China.
The fourteen-year-old company, which has had a fruitful partnership with US streaming giant Netflix, is banking on India’s mobile phone subscriber base, one of the largest globally
India's national land record modernisation programme seeks to re-survey lands, verify and upgrade records, and put the information online by 2021. Authorities have said this will enable them to monitor land sales more easily, increase tax revenue and reduce corruption.
Under the deal, private equity firm Silver Lake will invest $1 billion in Twitter and also get a board seat. Twitter said it would use its own cash and Silver Lake's investment to fund a $2 billion repurchase program.
“I see a replay of 2008 (Lehman Brothers crisis) scenario. We are seeing a very choppy business environment. It’s the time when grain gets separated from the chaff. In the end we will know who was swimming without shorts,” said Deep Kalra, chairman, Makemytrip
Facebook is temporarily banning advertisements for medical face masks as part of an effort to prevent use of its platform to exploit people's concerns about the new coronavirus.
Wattpad has around three million monthly users in India and stories by some of the most popular India writers that are resonating with Indian audience but also people from around the world.
Sequoia Capital, which sent a similar note to founders called “RIP Good Times” during the 2008 financial crisis, has termed Coronavirus as the Black Swan event of 2020.
Launched in 2010, Headspace has emerged as a global leader in the meditation and mindfulness space, competing with the likes of Calm and Inscape, among others.
Several merchant acquirers and service providers - most notably PhonePe and BharatPe - have also undertaken an exercise to replace small-store QR stickers powered by Yes Bank, replacing them with stickers from other banks.
Participating in hackathons and being active members of a tech community offer people an opportunity to build their personal brand and convey a clear message to potential recruiters that they are on top of what is happening in the industry
The coalition has raised concerns over areas such as data localisation, government access to non-personal data and the classification of sensitive and critical data
Mumbai-based cryptocurrency exchange WazirX is talking to fintech players to see how the wallet can be integrated with other platforms to drive transactions.
In the budget, the state proposed implementing an electric bike taxi project to improve the last-mile connectivity of public transportation, without divulging details.
Amazon followed Facebook and Microsoft in recommending Seattle employees to work from home through the end of the month, after one of Amazon's employees tested positive for the coronavirus on Tuesday.
Salesken plans to use the funds raised to further develop its artificial intelligence-based conversation intelligence platform and for expansion across the Asia Pacific and North America markets.
India's virtual currency industry had come to a standstill following the April 2018 notification that prohibited use of banking channels for transactions of cryptocurrencies such as Bitcoin.
The former VCs — now known as VCpreneurs — said starting up became an option since professional growth in the venture capital industry is confined to "hierarchical structures".
The coronavirus is contributing to a dramatic retrenchment in China, a market once deemed crucial to Oyo’s global expansion. The company intends to fire about half its 6,000 direct full-time staff in the country.
NCLAT set aside an earlier Competition Commission of India order that had absolved Flipkart of alleged unfair business practices through abuse of its dominant position.
RBI had ordered financial institutions to break off all ties with individuals or businesses dealing in virtual currency such as Bitcoin within three months, in April 2018.
Trust and people's judgement will generate a higher value than pure technology in an era dominated by artificial intelligence and machine learning, Genpact CEO NV 'Tiger' Tyagarajan said.
A slew of new formats for online commerce in local languages including chats, videos, and live in-app telecast, is opening more avenues for women to become micro-entrepreneurs
Some investors, including a handful of Airbnb backers and would-be buyers of the shares on the public markets, are concerned that the virus will dent Airbnb's results in the first half of 2020 and may also bleed into the third quarter, depending on how the virus spreads.
Son, who built SoftBank into a technology investment powerhouse, is now having to defend his track record after several of its expensive bets on startups, including office space-sharing firm WeWork, soured.
Government officials remained tightlipped on the reasons and said the PM would reveal more in a day or two. It was also not clear whether Modi, who has used social media to communicate directly with the masses, would be giving up the platforms for a long time or only for a day on Sunday — which also happens to be the International Women’s Day.
The Vision Fund is recovering from a series of stumbles. WeWork’s plan to go public last year imploded, forcing SoftBank to arrange a rescue financing of $9.5 billion in October. Uber, despite a recent surge, is trading about 24% below last year’s offering price