Startup community stares at fund crunch in absence of venture capital, reinvents businesses to survive economic slowdown
The rapid global economic slowdown, India’s coronavirus lockdown of 1.3 billion people and an exodus of venture capital are testing a start-up community that has quickly become one of the world’s biggest, raising a record $14.9 billion last year
Paytm teams up with over 300 hotels in 60 cities; offers temporary accommodation for healthcare professionals fighting COVID-19
Healthcare professionals can go, select and book a hotel on the Paytm app and check-in using a valid identity proof to avail of a special rate. The rooms in these hotels are specially designated for medical staff.
Competition Commission orders probe against MakeMyTrip-GoIbibo, Oyo for alleged unfair business practices
In a 26-page order, the fair trade regulator said there exists a prima facie case for investigation against MMT-Go and Oyo for alleged violation of the provisions of Section 3(4) of the Competition Act.
After startup Rivigo, now e-commerce platform ShopClues lays off 200 employees as it struggles to rein costs
Recently, ShopClues was in talks with larger rival Snapdeal for a potential acquisition.
After torrential rains lashed Mumbai, Thane and other parts of Maharashtra throwing normal life out of gear, common people of Mumbai opened their homes to offer help and take in people stranded on the streets.