India’s most valued fintech, Paytm, is set to harness increased credit demand through the lockdown to extend its foray into micro-credit services for users paying bills and making purchases online. The SoftBank- and Alipay-backed digital payments giant said that it has tied up with non-bank lenders Clix Capital and Arthimpact Digital Loans to tap into […]

Walmart-owned Flipkart will continue to focus on pure-play ecommerce instead of ecosystem building with bundled services despite rising competition from new entrants like Reliance Jio and existing rival Amazon, a top executive told ET. Flipkart Group chief executive Kalyan Krishnamurthy said the Bengaluru-based company will deploy most of its investments and resources into winning commerce […]

Illustration: Rahul Awasthi Walmart-owned Flipkart will continue to focus on pure-play e-commerce instead of ecosystem building with bundled services amid rising competition from new entrants like Reliance Jio and existing rival Amazon, a top executive told ET. Flipkart group CEO, Kalyan Krishnamurthy, said the Bengaluru-based company will deploy most of its investments and resources into […]

Swiggy plans to shut its premium food delivery platform in Mumbai, Scootsy, and integrate the operations within the Swiggy app. The move to combine the operations is expected to help Swiggy tap into Scootsy’s high-end customer and restaurant base, as it seeks to set up a premium category within the app at a time when […]

Swiggy plans to shut its premium food delivery services platform in Mumbai, Scootsy, and integrate the operations within the Swiggy app. The move to combine the operations is expected to help Swiggy tap into Scootsy’s high-end customer and restaurant base, as it seeks to set up a premium category within the app at a time […]

Archana Puran Singh (L) and Bhagyashree (R) On May 7, actor-comedian Danish Sait Instagrammed a photo of him driving his domestic help, Geeta, to and from his apartment complex, adding he is “happy to have her back”. The lockdown guidelines in his locality in Bengaluru had eased a little, allowing domestic workers to enter residential […]

Archana Puran Singh (L) and Bhagyashree (R) On May 7, actor-comedian Danish Sait Instagrammed a photo of him driving his domestic help, Geeta, to and from his apartment complex, adding he is “happy to have her back”. The lockdown guidelines in his locality in Bengaluru had eased a little, allowing domestic workers to enter residential […]

The hiring team at food aggregator Swiggy has been busy during the lockdown. First they gave pink slips to about 1,100 employees. Now, they are engaged in outplacement -finding jobs to those who have been fired. Girish Menon, vice-president of human resources at Swiggy, says that the Covidhit business environment had forced them to take […]

Yatra Online said on Friday it was terminating a pending merger agreement with U.S. software firm Ebix, and had filed a litigation seeking “substantial” damages for Ebix’s alleged breach of deal terms. Ebix had agreed to buy Yatra in 2019 for an enterprise value of $337.8 million, aiming to beef up its portfolio of Indian […]

Zomato is putting its focus back on its core business — food delivery — as hotels and restaurants are expected to reopen from next week. This would result in the company scaling down its operations in grocery delivery, which it had entered during the lockdown. Several consumer-focused startups had ventured into the space during the […]