[ad_1] Amazon is joining India’s online food delivery market just as top local players Swiggy and Zomato reduce their workforces to steer through the coronavirus pandemic. The e-commerce giant, which has invested more than $6.5 billion in India, today launched its food delivery service, called Amazon Food, in select parts of Bangalore. The company had…
[ad_1] Ola said on Wednesday it is cutting 1,400 jobs in India, or 35% of its workforce in the home market, as the ride-hailing firm works to reduce its expense to steer through the coronavirus pandemic that has severely impacted mobility companies in the country. Bhavish Aggarwal, co-founder and chief executive of Ola, shared the…
[ad_1] More than two-thirds of startups in India need to secure additional capital in the coming weeks to steer through the coronavirus pandemic, according to an industry report. 70% of startups in India, home to one of the world’s largest startup ecosystems, have less than three months of cash runway in the bank, and another…
[ad_1] Swiggy said on Monday it is cutting 1,100 jobs and scaling down some adjacent businesses as India’s top food delivery startup looks to reduce costs to survive the coronavirus pandemic that has made people cautious about ordering food online. In an internal email, which the Bangalore-headquartered startup published on its blog, Swiggy co-founder and…
[ad_1] Zomato, an India-headquartered food delivery startup, is cutting 13% of its workforce as it looks to reduce cost and tide the coronavirus crises that has made many cautious about ordering food online. The 11-year-old firm did not disclose the exact number of people it was letting go, but the number is above 500. A Zomato…
[ad_1] Xiaomi, Vivo, Samsung, Oppo and other smartphone companies have received approval from some state governments in India to partially resume manufacturing and assembling of devices amid the ongoing lockdown in the world’s second largest handset market that completely shut operations at these plants in late March. The companies said that they have secured permission…
[ad_1] As investors get cautious about dealmaking in India amid the coronavirus outbreak and their appetite to fund early stage startups begins to evaporate, one venture capital fund is stepping up to make that void smaller. WaterBridge Ventures, an investor that has cut some of the earliest checks in startups such as edtech firms Unacademy…
[ad_1] You can now debunk thousands of coronavirus-related hoaxes with a few texts on WhatsApp . Poynter Institute, a nonprofit organization that supports journalism, today launched a bot on the Facebook -owned service that will allow people across the globe to debunk over 4,000 hoaxes surrounding the pandemic such as whether the infection originated in…
[ad_1] E-commerce firms Amazon, Flipkart, and ride-hailing giants Ola and Uber are partially resuming their services in India after Prime Minister Narendra Modi’s government eased some restrictions late last week to revive economic activity that’s been stalled since the stringent stay-at-home orders were ordered across the nation in late March. The companies said in their…
[ad_1] When Roger Lee, the co-founder of Human Interest, heard that San Francisco imposed shelter-in-place orders, he started blogging about layoff news and posting crowdsourced lists of employees who were laid off. His goal was to increase awareness about layoffs and give recruiters a place to search for candidates. However, one week and 40 startup…