Facebook Has Bought 9.99 Percent Of Reliance Jio For Rs. 43,500 Crore
Reliance Jio, through its suite of apps, streaming platform, and investment in Saavn, was always shaping up to be a tech company. It’s…
Category: Startups
Paytm Cuts Marketing, Cloud And Confirmation SMS Costs As Digital Payments Fall 30-40 Percent
India’s most valuable startup is also tightening its purse strings as the coronavirus casts a shadow over Indian businesses, both big and small. …
Zomato Is Working On “Contactless Dining” With No Menus, No Waiters Once Lockdown Is Over
It’s now becoming increasingly apparent that the world won’t quite be the same as before even when the coronavirus lockdown is lifted —…
Box8 Delivery Partner Tests Positive For Covid, 72 Families In Delhi Quarantined
The risks of continuing food delivery services during the coronavirus lockdown are slowly becoming apparent. Zomato has said some of the orders that…
Softbank To Register Its First Loss In 15 Years After Vision Fund Loses $16 Billion
The strain of Softbank’s ambitious Vision Fund is finally beginning to show on the parent company. The Softbank Group will report an annual…
These Industries Could Hire Aggressively Come In The Post-Corona Period
While there is general gloom all around at the adverse impact of coronavirus on the employment scene, once the pandemic is past –…
Airbnb Raises $1 Billion Debt At $18 Billion, Half Of Its Valuation In 2017
The extent of the impact of the coronavirus outbreak on the hospitality industry is slowly becoming clear. Airbn has raised $1 billion in…
Oyo Places Many Employees On Temporary Leaves Across Intl Markets, Says Revenue Is Down 50-60%
After Treebo had offered 400 employees in India voluntary retirement in exchange for a month’s salary, fellow hotel chain Oyo Rooms has also…
WeWork Sues Softbank After It Backs Out Of Its Bailout Deal
Softbank isn’t only battling a global slowdown, a portfolio of companies that’s thought to be particularly vulnerable to the coronavirus outbreak, and big…