By Prabal Basu Roy By attracting massive global capital, Reliance Jio has demonstrated how the power of critical mass can be used to modernise and monetise. The current thrust of GoI’s Atmanirbhar Bharat Abhiyan (ABA), too, rests on the basic premise of exploiting the advantage India has of a huge, demographically relevant, consuming population. But […]

Postman, a Software as a Service (SaaS) startup which was valued at $350 million just a year ago, may clock a nearly six-fold jump in its valuation as it looks to raise $150 million from Insight Partners. If the deal goes through, it will be one of the biggest jumps in valuation for an Indian […]

WeWork Global plans to invest $100 million in WeWork India to help grow the business in the Indian flexible market and focus on profitability. WeWork India plans to use the capital for focused growth in the Indian market over the next 36 months. WeWork India is already profitable at the centre level and is targeting […]

L-R: Postman founders Abhinav Asthana, Ankit Sobti and Abhijit Kane Software as a Service (SaaS) company Postman is in advanced talks with New York-based investment fund Insight Partners to raise around $150 million at a valuation of $2 billion, two people in the know of the deal details said. Postman is a collaboration platform for […]

Ride-hailing app Ola has committed Rs 500 crore over the next year for various initiatives to enhance safety and hygiene inside cabs in the wake of the Covid-19 pandemic. The initiatives include driver training, prevention and sanitization protocols, a host of technology advancements like a newly designed Covid-19 ready app, hygiene and safety benchmark for […]

ByteDance, owner of the global hit short-video app TikTok, has shut down its artificial-intelligence-based news aggregator TopBuzz, one of the company’s earliest products aimed at the global stage. “We’re proud of the work that we accomplished with TopBuzz, but (we) have determined that other areas of the business should be our priority going forward,” ByteDance […]

Picture: REUTERS/Brendan McDermid Slack on Thursday posted slowing quarterly sales growth, disappointing investors who had expected a surge in demand for its workplace messaging app as companies rapidly adopt remote working tools and technology. Slack also withdrew its 2021 billing outlook citing uncertainty driven by the Covid-19 pandemic, and said it had seen sales from […]

Illustration: Rahul Awasthi Zomato and Swiggy have begun renegotiating exclusivity contracts with a slew of restaurants citing a downward impact on business due to the ongoing pandemic, said multiple people aware of the move. This could further exacerbate strained relations between the food delivery platforms and restaurants. Evoking the force majeure clause that frees both […]

Happy Thursday! India’s private telecom operators are seeing a new dawn, years after the entry of Reliance Jio prompted consolidation in the industry. Jeff Bezos-led tech giant Amazon is in early-stage talks to buy a stake worth at least $2 billion in Bhart Airtel, Reuters reported. This follows the $5.7-billion investment by Facebook in Jio […]

Representative Image Digital payment giants Mastercard has tied up with Axis Bank and French payment service provider Worldline, to bring the functionality of Point of Sale devices onto Android smartphones of small merchants in India while also providing store owners value added digitisation services. The aim is to expand acceptance infrastructure for contactless card payments […]