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Uber and Ola see drop in rides as coronavirus forces people to work from home
The cab-hailing companies in India witnessed rides going down by a third over the last week.
2 mins read
Moulishree Srivastava
Journalist • [email protected]
I cover Indian tech, startup, venture capital ecosystems for KrASIA.
While Flipkart and PhonePe have asked employees to work from home, edtech companies have lent their platform to government schools.
The American retailer has asked Myntra to slash discounts by 13-14% and close small warehouses that do not meet standards.
The US-based online retailer, with its ecosystem play, is going after India's 130 million online shoppers.
Overall deal activity in India has been robust over the last two months with Indian startups raising USD 1.3 billion.
The total coronavirus cases have shot up to 29, spooking the masses in India.
In China, which has been severely impacted by the coronavirus outbreak, Oyo plans to let go of 50% of its 6,000 direct full-time employees.
Almost 57% of the fintech funding went into payments companies that are eying to grab a larger chunk of India’s soon-to-be USD 1 trillion digital payments market.
Oppo Kash comes three months after Xiaomi and RealMe entered financial services space in India.