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Just Eat Takeaway is acquiring Grubhub to create a restaurant delivery giant

June 11, 2020 by cbn Leave a Comment

Just Eat Takeaway is acquiring Grubhub to create a restaurant delivery giant

Two pioneers in restaurant delivery – Just EatTakeaway.com and Grubhub – are combining in a $7.3 billion deal that will create one of the world’s largest delivery companies. Amsterdam-based Just Eat Takeaway.com said late Wednesday that it was acquiring Chicago-based Grubhub, snatching it away from ride-hailing giant Uber, which had been reportedly seeking to team […]

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Rising Covid-19 count pushing users to opt for ecomm delivery: Survey

June 10, 2020 by cbn Leave a Comment

Rising Covid-19 count pushing users to opt for ecomm delivery: Survey

The demand for products on e-commerce platforms is likely to trend higher as the number of Covid-19 positive cases in India continues to rise and as consumers feel safer about having goods delivered home rather than step out. The recovery in demand on e-commerce marketplaces such as Flipkart and Amazon has been estimated at around […]

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Bharat is keeping step with India on Internet usage and patterns

June 10, 2020 by cbn Leave a Comment

Bharat is keeping step with India on Internet usage and patterns

With 265 million internet users, rural India is not only catching up with cities in terms of the sheer number of netizens, it is also mirroring the time spent, frequency, share of female users and mode of access with its urban cousin. And, while internet usage might look similar on the surface, the activities which […]

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Jio-Facebook platform approach can open digital ecosystem, market worth $2 trillion by 2025: Report

June 10, 2020 by cbn Leave a Comment

Jio-Facebook platform approach can open digital ecosystem, market worth $2 trillion by 2025: Report

Jio-Facebook’s platform approach can unlock India’s digital ecosystem and address a large market that may potentially be $2 trillion (around Rs 151 lakh crore) by 2025, across commerce, payments and content, Bernstein said in a report. Customer behaviour will see permanent shifts to higher digital adoption in e-commerce/online grocery, digital payments and digital content from […]

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Karnataka bans online education for children up to Class V

June 10, 2020 by cbn Leave a Comment

Karnataka bans online education for children up to Class V

Karnataka on Wednesday announced a ban on online education by schools from pre-nursery to fifth grade responding to opinions shared by child psychiatrists, and educational experts. The decision applies to all schools within Karnataka regardless of their affiliation to central or state boards, Education Minister S Suresh Kumar announced. As for permitting online education from […]

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ETtech Top 5: VCs back seed-stage startups, card EMIs surge, thrifty consumers & more

June 10, 2020 by cbn Leave a Comment

ETtech Top 5: VCs back seed-stage startups, card EMIs surge, thrifty consumers & more

Happy Wednesday! The uncertainty wrought by the Covid-19 pandemic has turned venture capital investors picky about their future bets. VC firms, which invest across stages, are now increasingly focusing on very early-stage companies, more so in specific sectors such as health-tech, Software as a Service and edtech, as they believe these areas will largely remain […]

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SoftBank to expand Vision Fund cuts to as many as 80 workers

June 10, 2020 by cbn Leave a Comment

SoftBank to expand Vision Fund cuts to as many as 80 workers

By Pavel Alpeyev and Takahiko Hyuga SoftBank Group’s Vision Fund is preparing to cut staff by about 15% after reporting record losses for the last fiscal year, according to people familiar with the matter. Rajeev Misra, head of the London-based Vision Fund, expanded the number of planned cuts in recent days to as many as […]

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Virus lockdown hangover lingers in Etail section

June 9, 2020 by cbn Leave a Comment

Virus lockdown hangover lingers in Etail section

Illustration: Rahul Awasthi Three weeks after restrictions on shipping non-essential goods were reversed, sellers on leading e-commerce marketplaces Flipkart and Amazon continue to curb their product selection compared to the period before the Covid-19 pandemic. The key reasons for this have been acute working capital, labour and raw material shortages, and unpredictable demand. “Our sellers […]

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Five out of ten urban consumers to cut spending: EY report

June 9, 2020 by cbn Leave a Comment

Five out of ten urban consumers to cut spending: EY report

At least five out of 10 urban consumers will continue to cut back on spending as economic recovery and market normalisation are unlikely before March next year, according to a report by Ernst & Young, based on global trends and primary research data. The report was shared exclusively with ET. Most consumers will trade down […]

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Five out of ten urban consumers to cut spending

June 9, 2020 by cbn Leave a Comment

Five out of ten urban consumers to cut spending

At least five out of 10 urban consumers will continue to cut back on spending as economic recovery and market normalisation are unlikely before March next year, according to a report by Ernst & Young, based on global trends and primary research data. The report was shared exclusively with ET. Most consumers will trade down […]

Filed Under: Uncategorized

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