Educational technology startup Unacademy has said that 60% of its 1,000-strong workforce will work from home permanently even after the ongoing nationwide lockdown is lifted. The development, a clear stance in favour of the remote working model, comes a day after Jack Dorsey, the cofounder of microblogging platform Twitter, said all employees at the San […]
SirionLabs raises $44M funding led by Tiger Global & Avatar Growth Capital
Illustration: Rahul Awasthi SirionLabs, an enterprise software-as-a-service provider, has raised $44 million in fresh funding led by Tiger Global and Avatar Growth Capital, in a deal estimated to value the Gurugram-based company at more than $220 million. The investment marks New York-based Tiger Global’s continued bullishness in India’s fast-growing software products sector. It also comes […]
LinkedIn integrates Events, Live tools to help brands host virtual events
Microsoft-owned professional network LinkedIn on Wednesday announced a tighter integration between LinkedIn Live and LinkedIn Events to help companies host live events as well as manage their online communities in real time. LinkedIn launched LinkedIn Events across the world in October last year and enabled companies to create an event via their LinkedIn Pages in […]
Uber approaches Grubhub with acquisition offer: Sources
Uber is in negotiations to buy online food delivery company Grubhub in an all-stock deal, according to people familiar with the matter. A merger could give Uber Eats‘ money-losing restaurant delivery service a leg up on market leader DoorDash at a time when the coronavirus pandemic has upended Uber’s core business of shuttling people from […]
Twitter to allow employees work from home forever
Twitter said on Tuesday it is unlikely to open its offices before September, and that many of its employees will be permitted to work from home permanently even after the end of the coronavirus lockdowns. The San Francisco-based company said it was among the first to move to telework in March as a result of […]
Swiggy in talks with state govts to seek nod for home delivery of alcohol
Illustration: Rahul Awasthi Swiggy is in talks with multiple state governments to seek permission for home delivery of alcohol from local licensed retailers, a top executive said. “We are in talks with a host of state governments,” said Vivek Sunder, chief operating officer, Swiggy at the Economic Times Virtual Tech Summit. “If the government gives […]
India continues to make second most user data requests from Facebook
India made the second-highest number of requests after the United States for user data from Facebook between July and December last year, the social media firm’s transparency report showed. India made 26,698 requests for data of 39,664 users and accounts. Facebook said it complied with 57% of these requests. The government’s requests touched an all-time […]
ETtech Top 5: Kinsa Health’s early warning system, e-commerce policy on hold & more
There’s always a sense of déjà vu every time Prime Minister Narendra Modi picks up the 8 pm slot for his televised address to the nation. Last time, the instructions were to clang utensils to boost the morale of frontline healthcare workers. We’re all waiting with bated breath for 8 pm, again! Meanwhile, the Indian […]
Tencent Music misses quarterly revenue estimates, signals better Q2
China’s Tencent Music Entertainment narrowly missed market estimates for quarterly revenue on Monday as the COVID-19 crisis hurt the company’s social entertainment services business, sending its shares down 4.5% in extended trade overnight. Monthly average revenue per subscriber paying for the company’s social entertainment services fell 13% in the first quarter ended March 31. These […]
E-commerce policy put on hold
India has decided to put the much-awaited e-commerce policy, which seeks to set up a regulator for the sector, on hold for now in view of the Covid-19 pandemic and economic challenges. Draft of the policy was discussed by a group of secretaries after which a call was taken to not pursue it for some […]