The layoffs in India’s food tech sector are well on their way to continuing onto 2016. After Zomato had fired 10% of its workforce, and TinyOwl had let go of 100 employees which resulted in its cofounder being held hostage in their Pune office for 2 days, Foodpanda has fired around 300 of its staff in India. This represents 10% of its workforce.
Flipkart has another addition to the ever-expanding list of items available on its site. Soon, buyers will be able to buy motorcycles and cars from the online retailer.
Telangana and Andhra Pradesh are slowly cementing their place as the locations of choice for IT firms setting up offices in India. After Google, Amazon and Uber had announced plans of setting up major offices in Hyderabad, Microsoft promised to set up a Centre of Excellence in Visakhapatnam. The company will also work with Telangana government’s startup incubator T-Hub.
Uber is purportedly trying to bring some cheer to your Mondays by rolling out the “Uber Puppies” programme, an initiative in which users can request a 15 minute play time with puppies.
Since its inception in the form of small sheets of paper, coupon offerings has changed drastically with the advent of eCommerce and online marketing. There are new ways, through which retailers have started using coupons. Digital coupons now not only serve the purpose of deals and discounts, but helps in increasing customer loyalty and brand building.
In a recent company statement, Amazon claims to to be the largest marketplace in India in terms of products on offer. Amazon adds 50,000 products on the website everyday, the statement says. While the corresponding numbers for Flipkart and Snapdeal are unknown, it’s hard to say with authority if Amazon is indeed the biggest marketplace.
For young startups, negotiating the bewildering maze of foreign exchange regulations is often daunting. With Indian startups becoming increasingly global and doing business with entities based abroad, startups often need a ready reckoner on how to deal with monetary transactions that span across borders. In order to assist startups with such transactions, the Reserve Bank of India has announced a dedicated helpline to answer queries.
Ola has launched its auto hailing service in Chandigarh. It is the 7th city in the country to have the service, after Bangalore, Chennai, Delhi, Ahmedabad, Hyderabad and Pune were added in October 2014. The company intends to add two more cities by the end of the year.