JioMart, the e-commerce venture from India’s richest man, launches in additional cities – TechCrunch

[ad_1] The rationale behind the deluge of dollars flooding into billionaire Mukesh Ambani’s Reliance Jio Platforms is beginning to become more clear as his e-commerce venture JioMart starts rolling out to more people across India. An e-commerce venture between the nation’s top telecom operator Jio Platforms and top retail chain Jio Retail, JioMart just launched…

Amazon launches food delivery service in India – TechCrunch

[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…

India’s Swiggy to cut 1,100 jobs, scale down cloud kitchen operations – TechCrunch

[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…

Indian food delivery startup Zomato cuts 13% of workforce – TechCrunch

[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…

To avoid hostile takeovers amid COVID-19, India mandates approvals on Chinese investments – TechCrunch

[ad_1] Chinese traders, who’ve poured about $6 billion into Indian startups in the last two years, will probably be subjected to strict regulation for his or her future investments on the planet’s second largest web market. India amended its international direct funding coverage on Saturday to require all neighboring nations with which it shares a…

Uber pulls back from operating profit target – TechCrunch

[ad_1] Uber is strolling back its steerage for what was presupposed to be a milestone 12 months for the ride-hailing firm that included reaching an operating profit by the final quarter. Uber mentioned Thursday it was withdrawing its 2020 guidance for gross bookings, adjusted web income, and adjusted EBITDA, which have been offered on February…