Food delivery volumes have touched pre-Covid-19 peaks, the top Zomato executive said. In a post on microblogging platform Twitter, Deepinder Goyal, the founder and CEO of Zomato, said he expects the sector to continue growing at around 15-25% month-on-month for the foreseeable future. A number of cities are now at more than 120% pre-Covid-19 peaks, […]
Streaming platforms see growth explosion as pandemic propels podcasts to popularity
The coronavirus disruption has launched India’s media landscape into the third V front of voice, after video and vernacular. Only one third of Indians own a smartphone, and even fewer are conversationally fluent in English, given that the opening of the voice frontier promises a deepening of the digital media in the ocuntry. And while […]
Online liquor delivery remains a non-starter due to steep delivery fees, lack of clear guidelines
Online liquor delivery remains a non-starter, four months after markets like West Bengal, Jharkhand and Chattisgarh permitted the same, said company and industry executives, attributing the slow burn to steep delivery fee charged by aggregators Swiggy and Zomato and lack of clear guidelines. Online food delivery, in contrast, has reached pre-Covid numbers. “Charging cost of […]
GIC, Sequoia in Razorpay’s $100 million round; valuation may hit $1 billion
Illustration: Rahul Awasthi Payments company Razorpay has closed a $100 million financing round co-led by GIC, the sovereign wealth fund of Singapore, and existing investor Sequoia Capital, in the process topping $1 billion in valuation, and becoming the first Indian neo-bank to hit that benchmark. Existing investors of Bengaluru-headquartered Razorpay, which includes Palo Alto-based financial […]
Covid-hit banks offer cracking deals on ecommerce during the festive period
Illustration: Rahul Awasthi An unsteady revival of the consumer economy has set off a discounting war among leading banks in partnership with online platforms and brands, as ecommerce is one among a handful of sectors that are expected to see growth in the festive period. Bankers and ecommerce executives ET spoke to said tight competition […]
Facebook, Twitter announce mental health resource centres in India
Representational photo. Social media giants Facebook and Twitter have announced initiatives in India related to World Mental Health Day. On Saturday, Facebook announced tie-ups with three Indian firms – Tata Institute of Social Sciences, It’s Ok To Talk and actor Deepika Padukone‘s The Live Love Laugh Foundation – to provide mental health helplines and resources […]
A 15-year-old influencer can now reach as many people as a newspaper but with none of the responsibility: Former Google exec Tristan Harris
( Getty Images) In The Social Dilemma, the documentary that’s kickstarted a very important conversation on social media’s harmful effects on society, Tristan Harris not only pulled some neat coin tricks but gave us some chilling insights on how we’re being manipulated by Big Tech. Harris, a former Google executive and currently president of the […]
Microsoft to let most employees work remotely for up to half their weekly working hours
Microsoft said on Friday it would allow most of its employees to clock in up to half their weekly working hours remotely, providing greater flexibility even after offices start reopening. The software-maker said in a blog post that while returning to office is optional for most employees for now, Microsoft was not committing to having […]
Microsoft to let most employees work remotely for up to half their weekly working hours
Microsoft said on Friday it would allow most of its employees to clock in up to half their weekly working hours remotely, providing greater flexibility even after offices start reopening. The software-maker said in a blog post that while returning to office is optional for most employees for now, Microsoft was not committing to having […]
Twitter tightens rules to thwart election threats
Twitter said Friday it will take down calls for violence starting after polls close on US election day and slap warnings on premature victory claims to fight efforts to undermine the election. When it comes to a winner in any race, Twitter will require an announcement by an election official or a public projection from […]