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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]