Swiggy plans to shut its premium food delivery services platform in Mumbai, Scootsy, and integrate the operations within the Swiggy app. The move to combine the operations is expected to help Swiggy tap into Scootsy’s high-end customer and restaurant base, as it seeks to set up a premium category within the app at a time […]

Archana Puran Singh (L) and Bhagyashree (R) On May 7, actor-comedian Danish Sait Instagrammed a photo of him driving his domestic help, Geeta, to and from his apartment complex, adding he is “happy to have her back”. The lockdown guidelines in his locality in Bengaluru had eased a little, allowing domestic workers to enter residential […]

Archana Puran Singh (L) and Bhagyashree (R) On May 7, actor-comedian Danish Sait Instagrammed a photo of him driving his domestic help, Geeta, to and from his apartment complex, adding he is “happy to have her back”. The lockdown guidelines in his locality in Bengaluru had eased a little, allowing domestic workers to enter residential […]

The hiring team at food aggregator Swiggy has been busy during the lockdown. First they gave pink slips to about 1,100 employees. Now, they are engaged in outplacement -finding jobs to those who have been fired. Girish Menon, vice-president of human resources at Swiggy, says that the Covidhit business environment had forced them to take […]

Yatra Online said on Friday it was terminating a pending merger agreement with U.S. software firm Ebix, and had filed a litigation seeking “substantial” damages for Ebix’s alleged breach of deal terms. Ebix had agreed to buy Yatra in 2019 for an enterprise value of $337.8 million, aiming to beef up its portfolio of Indian […]

Facebook CEO Mark Zuckerberg on Friday said he would consider changes to the policy that led the company to leave up controversial posts by President Donald Trump during recent demonstrations protesting the death of an unarmed black man while in police custody, a partial concession to critics. Zuckerberg did not promise specific policy changes in […]

Zomato is putting its focus back on its core business — food delivery — as hotels and restaurants are expected to reopen from next week. This would result in the company scaling down its operations in grocery delivery, which it had entered during the lockdown. Several consumer-focused startups had ventured into the space during the […]

By Prabal Basu Roy By attracting massive global capital, Reliance Jio has demonstrated how the power of critical mass can be used to modernise and monetise. The current thrust of GoI’s Atmanirbhar Bharat Abhiyan (ABA), too, rests on the basic premise of exploiting the advantage India has of a huge, demographically relevant, consuming population. But […]

Postman, a Software as a Service (SaaS) startup which was valued at $350 million just a year ago, may clock a nearly six-fold jump in its valuation as it looks to raise $150 million from Insight Partners. If the deal goes through, it will be one of the biggest jumps in valuation for an Indian […]

WeWork Global plans to invest $100 million in WeWork India to help grow the business in the Indian flexible market and focus on profitability. WeWork India plans to use the capital for focused growth in the Indian market over the next 36 months. WeWork India is already profitable at the centre level and is targeting […]