Disney Plus, a video streaming service from The Walt Disney Company, will launch in India on April 3, via Hotstar. The streaming service was earlier slated to launch on March 29, along with the Indian Premier League (IPL). However, the suspension of the league made Star & Disney India to suspend Disney Plus launch as […]
China’s Pinduoduo raises $1.1 billion in share placement amid volatile markets
Chinese e-commerce firm Pinduoduo said on Tuesday that it had raised $1.1 billion in a private share placement, bolstering its ability to finance growth, despite recent market volatility. Undeterred by the coronavirus epidemic that has rocked financial markets around the world, Nasdaq-listed Pinduoduo has secured several long-term investors including Chinese private equity firms Hillhouse Capital […]
Instacart, Amazon workers strike as labor unrest grows during coronavirus crisis
Warehouse, delivery and retail gig workers in the United States went on strike to call attention to safety and wage concerns for people laboring through the coronavirus crisis. Among the strikers were some of the roughly 200,000 workers at U.S. online grocery delivery company Instacart, according to strike organizer Gig Workers Collective, founded earlier this […]
Airbnb will give $250 million to hosts who lost income to virus
By Eric Newcomer Home sharing company Airbnb said it will give $250 million to hosts on its platform who have lost money from coronavirus-related cancellations at their properties. The startup, whose plans to go public this year have been thrown into question, has alternately faced criticism from guests and hosts over its refund policies related […]
Online grocers, pharmacies eye idle restaurant staff to meet demand
Online grocers and pharmacies are pulling out all the stops to hire manpower to fulfil deliveries of essential items at a time when demand has seen an unprecedented spike due to the ongoing Covid-19 lockdown. And this includes roping in idle staff at restaurants and taking help from job portals. India’s biggest delivery brands need […]
ETtech Top 5: Online retailers tap common resources, Zoom app usage explodes & more
Illustration: Rahul Awasthi Online retailers tap common resources What’s the news? E-commerce, logistics and ride-hailing firms are putting in place several measures to ramp up capacity to deliver essentials to customers. These include procuring permissions to stock food at their warehouses, use railway freight to move goods and cabs to enable last-mile deliveries. Why does […]
Deferring credit card, personal loan payments may cost more
Read the fine print on your credit card bill? If you did, you might not consider deferring those repayments – or that personal loan you took to fund that trip to Maasai Mara this winter. Of course, the central bank has given a three-month grace on repayments – and those include unsecured loans such as […]
BigBasket ropes in laid off restaurant workers amid Covid-19 lockdown
BigBasket has partnered with the National Restaurant Association of India and Retail Association of India to offer jobs to those laid off due to the Covid-19 lockdown. The online grocer is offering temporary job opportunities for restaurant staff and retail employees registered on these platforms. The Bengaluru-based company has also set up a call centre […]
Online retailers ramp up capacity to move goods faster
Illustration: Rahul Awasthi E-commerce, logistics and ride-hailing firms are putting in place several measures to ramp up capacity to deliver essentials to customers. These include procuring permissions to stock food at their warehouses, use railway freight to move goods and cabs to enable last-mile deliveries. Around 125 fulfilment centres and hubs of Walmart-owned e-commerce company […]
India’s vertical ecommerce majors feel the squeeze post Covid-19 outbreak
Illustration: Rahul Awasthi Vertical online goods and services companies, including Urban Company, BookMyShow, Pepperfry and Nykaa, which do not feature in the government’s list of notified essential services, have been hit hard by the Covid-19 pandemic, with businesses plummeting to near zero in some cases. This comes at a time when India’s leading online marketplaces […]