The coronavirus pandemic will permanently change consumer behaviour in favour of digital in India, as it has done globally, PayPal CEO Dan Schulman told ET’s Ashwin Manikandan in an exclusive interview. Excerpts: How do you anticipate the global and Indian payments landscape emerging in a post-coronavirus world? Prior to the Covid-19 pandemic, we were already […]

Illustration: Rahul Awasthi Hit by the nationwide lockdown, India’s fashion and apparel sector has recovered only 35% of sales compared to January levels, according to data shared by Redseer Consulting exclusively with ET. Fashion sales in January stood at $7 billion, or $85 billion annualised, the report said, adding that the dip was the steepest […]

India’s burgeoning education technology sector is undergoing a dealmaking frenzy, with a spike in investor interest as companies look to expand to other verticals Unacademy’s latest acquisitionUnacademy has acquired PrepLadder, a platform for postgraduate medical entrance exam preparation, for $50 million in a cash-and-stock deal. This is Unacademy’s fourth acquisition after test preparation platform for […]

Uber on Tuesday further expanded delivery offerings, launching an app-based grocery service in several Latin American and Canadian cities, with the United States to follow later this month. The company’s latest foray into the delivery space is in partnership with Cornershop, a Chilean online grocery provider that Uber has held a majority stake in since […]

Nearly half of Indian citizens feel Chinese companies should be allowed to sell products in India only after they give an undertaking that no personal or aggregate data of users will be shared with the Chinese government, according to a survey. Around 30% of citizens want the government to take action against Indian companies that […]

Social media platforms and messaging apps including Facebook, WhatsApp, Telegram, Google and Twitter will deny law enforcement requests for user data in Hong Kong as they assess the effect of a new national security law enacted last week. Facebook and its messaging app WhatsApp said in separate statements Monday that they would freeze the review […]

By Takahiko Hyuga and Pavel Alpeyev Oyo Hotels, one of the largest startups in SoftBank Group’s portfolio, is dramatically shrinking its footprint and headcount in Japan as bookings in the country plunge due to travel restrictions. The Indian startup slashed its regional presence by closing offices in provincial centers Sapporo, Sendai, Nagano, Hiroshima and Omiya […]

Data analytics company Palantir said on Monday it has confidentially filed paperwork with the U.S. Securities and Exchange Commission (SEC) to go public. The confidential submission relates to a proposed public listing of the Class A common stock, Palantir said in a statement, adding that the listing is expected to take place after the SEC […]

Consolidation in the online food delivery segment continues as ride-hailing giant Uber acquires Postmates. Meanwhile, Instagram is partnering with youth-centric ventures to help teens counter hate and misinformation Food Delivery Consolidation Uber is buying Postmates for $2.65 billion in an all-stock deal, in a bid to strengthen its presence in the on-demand food delivery segment […]

Illustration: Rahul Awasthi Digital payments surged during the lockdown, in signs indicating a new trend in consumer behaviour among youth and older citizens alike. Payment companies saw record new sign-ups and increased volumes on online channels as the pandemic disrupted traditional payment methods. “The lockdown has also brought many people — who were not very […]