Better incentives spike Ola driver logins by 10%
New structure, with average take rate of 20% for firm, gives drivers transparent view of earnings.
Delhi takes 2nd spot in digital payments in 2019: Razorpay
Digital transactions in Delhi NCR grew by 235% from 2018 (Jan-Dec) to 2019 (Jan-De...
Zomato acquires Uber Eats in an all-stock transaction
The all-stock transaction will give the US-based ride-hailing company about 10% shareho...
Internet blackout, protests leave gig workers reeling
Food delivery agents earn between Rs 25,000 and Rs 50,000 a month, depending on the number of orders they complete, hours on the road, and distance covered, among other factors. Cab drivers can earn Rs 35,000 to Rs 80,000 a month, a chunk of which goes towards fuel, loans, and vehicle maintenance
Startups cutting employee costs
Oyo, Ola, Paytm, Quikr, Zomato and Rivigo have handed out pink slips or are likely to.
Ola targets 1 million bike partners by next year
A recent in-house survey revealed that six out of 10 Ola bike partners also work for food delivery networks, helping increase their income levels.
Ola Foods has plans for its Khichdi Experiment
The company plans to scale up these brands from six cities to tier 2 cities in the next year. Barring Khichdi Experiment, other brands include its rice bowl brand Lovemade, North Indian food brand Grandma’s Kitchen and dessert brand FLRT.
Ola moves financial unit out of parent ANI Technologies
Ola aims to raise capital separately for the independent entity and will pit it directly against larger rivals like Paytm, Google Pay, PhonePe. Short-term credit, mobile wallet, insurance and utility bill payments are some of the services housed under Ola Money.
Next big wave of technology Unicorn listings could be in India
Mohandas Pai said that liquidity and valuations shouldn’t be concerns for companies seeking to list, as the market is “flush with money” and India investors have shown a willingness to pay up for growth stocks.
Uber Technologies will not dial down on its food delivery service-Uber Eats in India
Earlier this month, ET reported that Uber’s food delivery service has seen a significant churn in leadership, with two top executives — India chief Bhavik Rathod and head of central operations, Deepak Reddy — resigning.
Startup investors writing more $100 million cheques this year
With the rush of capital and new types of investors coming in, venture capitalists said the time taken for startups to grow their business and rack up $100 million in funding has also shrunk over the past few years.
ET Awards: Want 30% pie beyond food delivery, says Swiggy
Swiggy & rival Zomato were burning $30-40 million monthly on discounts, the latter is looking ahead now.
After WeWork debacle, founders forced to chase profit, not just funds
The depleting market value of global startups has raised alarm bells about loss-making ventures and their business models. The focus, therefore, is growth with profitability, said founders and investors who attended The Economic Times Awards for Corporate Excellence, 2019.
Karnataka mulls providing social security to Uber, Ola, delivery persons
Minister S Suresh Kumar pointed out that unorganised work force in Karnataka was huge and according to 2011 numbers, it is to the tune of 2 crore people. Protecting their interest and providing them facilities was government's duty.
A law in the making to guard ecommerce consumers
The ministry of consumer affairs is looking to add a section detailing penalties for ecomm firms.
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