PE Firm General Atlantic Invests Rs. 6,500 Crore Into Jio Platforms For 1.34 Percent Stake

PE Firm General Atlantic Invests Rs. 6,500 Crore Into Jio Platforms For 1.34 Percent Stake

Reliance continues to rack up an array of impressive international investors for its Jio Platform. After Facbeook, Silver Lake Partners and Vista Equity Partners had invested in Jio over the last few weeks, American PE firm General Atlantic has become the latest investor in Jio Platforms. The firm is investing Rs. 6598 crore into Jio Platforms in exchange for a 1.34 percent stake. The deal values Jio Platform at an equity value of Rs 4.91 lakh…

Rare Photos Shared By An Ex-Googler Show Larry Page And Steve Jobs Dining At The Google Office

Rare Photos Shared By An Ex-Googler Show Larry Page And Steve Jobs Dining At The Google Office

Steve Jobs has been gone for almost a decade now, and the Google founders are infamously media shy, making only the odd appearances on special occasions. So this photo comes as a refreshing, feel-good, if nostalgic visual of what two of the greatest minds of the tech world look like together.

Patanjali To Launch Ecommerce Marketplace ‘OrderMe’ To Sell Only Made-In-India, Swadeshi Products

Patanjali To Launch Ecommerce Marketplace ‘OrderMe’ To Sell Only Made-In-India, Swadeshi Products

The one company that stands for all things Made-In-India and prides itself on being a custodian of Swadeshi versions of every consumer product has been quick on its feet. Patanjali Ayurveda, the FMCG giant established by Baba Ramdev has announced the launch of an ecommerce platform called “OrderMe” and that it will go live within the next 15 days. The platform will sell, other than Patanjali’s own products, made-in-India and Swadeshi products made by others. Other than products, the platform will also offer 24/7 consultations with its inhouse doctors and Ayurvedic experts.

Zomato Has Said It Is Laying Off 520 Employees, Remaining To Take Up To 50% Pay Cut To Combat Covid Impact

Zomato Has Said It Is Laying Off 520 Employees, Remaining To Take Up To 50% Pay Cut To Combat Covid Impact

The coronavirus layoffs in India have moved from the hospitality sector to food delivery. Zomato has said that it’s laying off 520 employees, which represent 13 percent of its workforce. “Multiple aspects of our business have changed dramatically over the last couple of months and many of these changes are expected to be permanent. While we continue to build a more focused Zomato, we do not foresee having enough work for all our employees,” Zomato CEO Deepinder…

MakeMyTrip Begins Delivering Food, To Take On Zomato And Swiggy

MakeMyTrip Begins Delivering Food, To Take On Zomato And Swiggy

The coronavirus lockdown has turned things in the Indian startup ecosystem all topsy-turvy. After startups from ranging from Zomato to Uber to Nobroker had begun delivering groceries, and Ola had started a makeshift ambulance service, travel portal MakeMyTrip has said that it’s entering the food delivery business. “Our new online gourmet delivery initiative is a step towards ensuring that food-lovers continue to enjoy their in-city fine-dining experiences by bringing their eating-out adventures to their homes,”…

Unacademy Says 60% Of Its Staff Will Permanently Work From Home Even After The Lockdown

Unacademy Says 60% Of Its Staff Will Permanently Work From Home Even After The Lockdown

A day after Twitter said that its employees would be allowed to work-from-home “forever” if they so chose, an Indian company has gone ahead and made the same pronouncement. Online education startup Unacademy has said that it will allow 60% of its entire workforce to permanently work from home even after the coronavirus lockdown was over. “We are bringing some major changes to the way we work. Even post the lockdown, 60% of our entire…

Twitter Has Told Its Employees That They Can Work From Home “Forever”

Twitter Has Told Its Employees That They Can Work From Home “Forever”

Tech companies across geographies seem to be agreeing on one thing — the idea of working from home might just extend far beyond the Covid pandemic. Twitter has told employees that they can work from home “forever” if they choose to do so in the aftermath of Covid-19. Twitter said that if employees were in a role and situation that enabled them to work from home and they wanted to continue doing so “forever,” then they would “make…

Uber Begins Delivering Packages In 4 Indian Cities To Keep Its Business Running Amid Covid Crisis

Uber Begins Delivering Packages In 4 Indian Cities To Keep Its Business Running Amid Covid Crisis

The coronavirus pandemic has upturned businesses: some companies have had to completely shut down operations, while others are being forced to operate in new verticals in order to stay relevant. Uber has now begun delivering packages between customers in 4 Indian cities. As a part of a pilot, Uber will allow customers in Guwahati, Jaipur, Gurgaon and Kolkata to send packages among themselves. “Whether it’s a favorite book, a birthday gift or cleaning supplies, let your…

How The CoVid-19 Induced Demand For Masks Is Fueling A $500mn Opportunity For India

How The CoVid-19 Induced Demand For Masks Is Fueling A $500mn Opportunity For India

With the CoVid19 showing no signs of slowing down and expecting to stick around for at least another year — until there’s a vaccine — mask culture is well and truly here to stay. And in these timely produced, beautiful, customised masks, the Indian economy may just find more than a shield against the deadly virus.

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