From fictional characters like Joey and Phoebe in Friends to the hamburger & fries combo for foodies, the greatest and most powerful duos have existed throughout the history of mankind. They may have a unique individuality but when clubbed together boom! Together, says Dinesh Soundararajan of Contus, they create an awesome and wonderful impact. Similarly, the perfect amalgamation of the […]
Archives for 2020
Naspers-backed Prosus commits Rs 100 crore to PM CARES Fund
Illustration: Rahul Awasthi Naspers-backed Prosus, the global consumer internet-focused investor, has committed Rs 100 crore to the Prime Minister’s Citizen Assistance and Relief in Emergency Situations (PM CARES) Fund, the disaster relief trust set up to combat the Covid-19 pandemic. The commitment by Prosus is possibly the largest by a single risk capital investor in […]
Availability of essential goods drops again in last 2 days
After showing a steady improvement since the start of the 21-day nationwide lockdown, the availability of essential goods at brick-and-mortar retailers and e-commerce platforms dipped in the two days ending April 10, according to a survey by community platform LocalCircles. The percentage of consumers able to buy essential goods at physical stores dropped to 65% […]
Airbnb’s $1 billion bargain is a sign of things to come
By Alex WebbPrivate equity has often found it tough to invest its $1.3 trillion of committed capital in technology companies. For all of their desire to get into the game, tech’s bubbly valuations meant private equity investors often couldn’t justify writing big checks, and some of the hottest startups’ lack of profitability made it hard […]
Allow full operations of e-commerce as first step to normalcy: IAMAI
Full operations of e-commerce companies should be opened up while moving towards normalcy as these services can help in supporting social distancing by delivering products at the door, industry body Internet and Mobile Association of India (IAMAI) said on Thursday. IAMAI, whose members include Flipkart, Amazon Seller Services, eBay etc, said that e-commerce services can […]
Amazon begins making coronavirus testing lab for workforce
Amazon has started building a lab that will enable it to test employees for the Covid-19 virus, the latest step the online retailer is taking to try to protect its warehouse workers and delivery drivers who are getting essential products to customers sheltering at home. Amazon acknowledges its ad-hoc effort may not accomplish much during […]
How people are getting fruits and vegetables amid lockdown
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Internet crawls as usage surges
A surge in data consumption during the ongoing lockdown due to the Covid-19 virus outbreak has caused internet speeds to fall steeply, two separate studies by speed testing firms showed. Analytics firm Ookla revealed that fixed broadband – popularly called WiFi – download speeds decreased to 35.98 Mbps in March from 39.65 Mbps in February. […]
Big brands unmask a hot new sales category
Necessity is the mother of business strategy – in less than a week, some of the biggest names in retail, fashion and lifestyle have started selling face masks. New mask sellers include Amazon, Flipkart, Myntra, BigBasket, Reliance Retail and Grofers. The move comes as Delhi, Maharashtra, Uttar Pradesh, Odisha and Chandigarh make wearing masks mandatory […]
Flipkart looking at ties with retail chains, FMCG giants
Flipkart is going to enter into a series of partnerships with brick-and-mortar retailers and leading FMCG companies to spruce up its offerings in its weakest business area of essentials. On Thursday, it formed such an arrangement with Spencer’s Retail. The Walmart-owned ecommerce firm is in advanced talks also with Hindustan Unilever and ITC to sell […]