Amazon

A majority of Indian startups are running out of money and time in the race to survive the pandemic.

In a similar move, Amazon Pay launched credit service to its users.

E-commerce companies had already begun to set things in order to start delivering non-essential products from this week.

Retail chains such as Future Group and Spencer’s Retail have partnered with e-tailers to make the best of the situation.

Lending startups are staring at a tough time ahead as getting loan from NBFCs and collecting money from debtors is going to be a tough nut to crack.

Over the last few weeks, Swiggy, Zomato, and Amazon have raised money to strengthen their e-grocery business in the country.

Multiple e-commerce companies met government officials to discuss smooth delivery of essential items.

Forrester projects the e-retailers to grow by 5% this year in the best-case scenario, as compared to about 26% growth they enjoyed last year.