Hello everyone! India’s startup ecosystem is reeling under the government’s latest foreign direct investment norms which prohibit automatic routing of Chinese capital. But the move may have made it easy for others. Private equity firm General Atlantic is finally vying for consumer technology and early-stage startups in India. This is vastly different from its approach […]
Amazon starts offering free mobile gaming content to Prime members
Amazon India has started offering mobile gaming content to Prime members in India, including in-game content and Prime-only tournaments across various mobile games. At launch, the e-commerce giant is offering content like collectible characters, upgrades and in-game currency from popular local and International mobile games like Mobile Legends: Bang Bang, Mafia City, World Cricket Championship, […]
Amazon starts offering free mobile gaming content to Prime members
Amazon India has started offering mobile gaming content to Prime members in India, including in-game content and Prime-only tournaments across various mobile games. At launch, the e-commerce giant is offering content like collectible characters, upgrades and in-game currency from popular local and International mobile games like Mobile Legends: Bang Bang, Mafia City, World Cricket Championship, […]
Hiring activity falls in April, says Naukri survey
India’s hiring activity tumbled 62% year-on-year in April as the Covid-19 lockdown tore through the economy, according to a survey by job portal Naukri.com. The Naukri JobSpeak Index, a monthly gauge which records hiring based on the job listings on the employment website, fell to 951 last month, from 2,477 in the year-ago period. The […]
Don’t see life returning to normal, critical to manage costs: Curefit founders
After firing about 10% of its staff and shutting operations in small towns and the UAE, Curefit founders Mukesh Bansal and Ankit Nagori have told their employees they don’t see the environment around them coming back to ‘full normal’ until a vaccine for the virus is found. Curefit, which has come under fire from several […]
Reliance in talks to buy e-pharmacy Netmeds
Mukesh Ambani’s Reliance Industries is in advanced discussions to acquire a majority stake in online pharmacy Netmeds as part of its broader play in commerce, said three sources familiar with the development. The deal may see Reliance, through one of its subsidiaries, pay $130-150 million for the asset, which may also include a fresh infusion […]
FMCG to apparel, discounts to make a comeback soon
It’s almost back to business for consumer incentives in FMCG and grocery chains, online and brick and mortar. Discounts, cashbacks, bank and digital wallet offers are reappearing. And consumers may soon also see large apparel retailers, other big brands and ecommerce majors rolling out huge discounts across categories as soon as most markets and malls […]
Airbnb cuts 1,900 jobs as Covid-19 hits home rentals
Airbnb is laying off 25% of its workforce, or nearly 1,900 employees, the home rental startup said on Tuesday, as the COVID-19 pandemic brings global travel to a near standstill. “Airbnb’s business has been hit hard, with revenue this year forecasted to be less than half of what we earned in 2019,” founder Brian Chesky […]
Love during lockdown: How Covid-19 is changing online dating
How do you find love when you’re stuck at home? The coronavirus pandemic has made that challenging, to say the least. But millions of single Americans are finding ways. Some have attempted socially distanced outings, others have turned to steamy video chats, while still others have tried international online dating as people adapt the art […]
Love during lockdown: How Covid-19 is changing online dating
How do you find love when you’re stuck at home? The coronavirus pandemic has made that challenging, to say the least. But millions of single Americans are finding ways. Some have attempted socially distanced outings, others have turned to steamy video chats, while still others have tried international online dating as people adapt the art […]