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    Amazon, Flipkart Refunds Likely To Get Delayed For Some Sellers, Customers

    Amazon and Flipkart had cancelled all orders for non-essential items Both companies are focussing on delivering essential products and groceries Sellers of non-essential items have had to forego all revenue for the past 10 days Ecommerce companies Amazon and Flipkart have started refunding amounts for all orders for non-essential products that were cancelled due to the...

    • 38 min ago
  • News

    OYO Suspends Payments To Hotel Partners To Mitigate Revenue Impact

    OYO is invoking the 'force majeure' clause in its contracts with property owners Hotel owners say that the clause which deals with natural disasters was not a part of the agreement OYO has also set up a global fund to help hotel owners Citing economic slowdown and revenue impact from the Covid-19 pandemic, hospitality unicorn OYO has decided to suspend the payments of...

    • an hour ago
  • News

    Indian Railways To Start Special Trains For Ecommerce, Grocery Deliveries

    Other businesses can reach out to railway officials at the zonal level to procure services The railways ministry is looking to lease some land parcels to Flipkart for warehousing purposes Some railway coaches are being used as temporary quarters for quarantined citizens In order to ensure the uninterrupted and continuous flow of essential commodities in the market, the...

    • 3 hrs ago
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    #StartupsVsCovid19: POSist's Ashish Tulsian On Survival By Planning For Every Contingency

    Startups are struggling to manage their expenses, cut cost, optimise their resources and others Founders and leaders need to have a series of contingency plans to keep the show running The biggest problem in this situation is that no one knows how long this pandemic is going to last, says Tulsian The world has turned upside down due to Covid-19. While the...

    • 4 hrs ago
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    Will YouTube Be Able To Take On TikTok In India With New 'Shorts' Feature?

    Both TikTok and YouTube enjoy massive popularity in India, especially in Tier 2, 3 cities Users in India spent over 5.5 Bn hours on TikTok in 2019 as MAUs also increased by 91% Youtube has over 1,200 content creators and over 265 Mn monthly active users in India TikTok has emerged as the place for India's young and enthusiastic social media users and those looking...

    • 6 hrs ago
  • News

    #StartupsVsCovid19: Uber, BigBasket Fight Grocery Woes; Govt Battles Fake News On Lockdown Day 9

    Uber is now delivering grocery orders for BigBasket customers OYO has set up a global welfare fund for the welfare of employees and asset partners Yatra and Paytm are offering hotels at better prices to health care workers In the last eight days of the lockdown, Indian startups have come up with unique ways to tackle the coronavirus lockdown and the...

    • 8 hrs ago
  • News

    Sachin Bansal's Navi Continues Funding Spree With INR 3007 Cr Round

    Sachin Bansal had led the round by investing INR 253 Cr in Navi He also invested INR 2,675.08 Cr by routing financial securities of CRIDS Navi's cofounder Ankit Agarwal has invested INR 40 Cr After exiting ecommerce major Flipkart, Sachin Bansal seems to be putting everything on the line for the success of Navi Technologies. In the recent round, one of India's most...

    • 11 hrs ago
  • News

    Fintech Startup Fingpay Raises Series A Funding From IvyCap Ventures

    Fingpay has raised INR 27 Cr ($3.5 Mn) in Series A funding The company will use the funds towards expansion plans Fingpay will also invest in expansion plans Mumbai-based fintech startup Fingpay has raised INR 27 Cr ($3.5 Mn) in a Series A funding round from IvyCap Ventures. The company reportedly said that the funds will be used to add various banking and financial products on...

    • 17 hrs ago
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    #StartupsVsCovid19: Startups Choose Layoffs To Keep Businesses Running

    Shuttl said it has laid off 40 employees With the travel industry hit due to coronavirus, MakeMyTrip and Cleartrip have laid-off employees Data by BigJobs shows that VC-funded startups are the ones doing most of the layoffs After major disruption to operations, the impact of coronavirus has now started to hit the jobs market. It is not unexpected but many have advised that it...

    • 17 hrs ago
  • News

    #StaartupsVsCovid19: Zomato Gold Used For Donations; Dineout Launches Petition To Help Restaurants

    Zomato has set up a Zomato Gold Support Fund All the money raised by selling Zomato Gold will help restaurants Dineout has launched a petition demanding government aid Amid the nation-wide lockdown, many restaurants in India have been severely impacted. The financial crisis triggered by the lockdown has made it tough for restaurants to pay for...

    • 18 hrs ago