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India’s Oyo furloughs thousands of employees as revenue drops by over 50%

Oyo has placed thousands of employees on furloughs for up to three months in the U.S. and several other markets as the Indian budget lodging firm confronts the coronavirus outbreak that has cut its revenue and demand by over 50%. The startup’s teams in the U.S. are most impacted by the furloughs, according to a person familiar with the matter. In a statement, Oyo confirmed the furloughs and added that India, its home market, was not impacted. The company also said it was not cutting any jobs. In...
Tags: Apps, Asia, India, Softbank, Tech, WeWork, Ritesh Agarwal, Kabbage, India China, Masayoshi Son, Oyo, Agarwal, SoftBank Group, OneWeb, Lightspeed Partners, Coronavirus


Book Excerpt Explores Apple's 'Soul Sucking' Information Systems & Technology Team

Apple has a team called Information Systems & Technology (IS&T), that builds its internal technology tools, including servers and data infrastructure. The IS&T group, according to an excerpt from an upcoming book shared by BuzzFeed News "operates in a state of tumult." Made up largely of contractors hired by rival consulting companies, Apple's IS&T team has been likened to a "Game of Thrones nightmare" with turmoil, infighting, and disagreements that hinder work."There's a Cold War going on e...
Tags: Iphone, Apple, Ios, Ipad, Microsoft, Mac, India, Quora, Rumors, BuzzFeed News, Alex Kantrowitz, Technology Team, Sabapathy, Information Systems Technology IS T, Archana Sabapathy, Wipro Infosys


WhatsApp introduces new limit on message forwards to fight spread of misinformation

WhatsApp is imposing additional restriction on how frequently a message can be shared on its platform in its latest effort to curtail the spread of misinformation. The Facebook -owned instant messaging service said today that any message that has been forwarded five or more times will now face a new limit that will prevent a user from forwarding it to more than one chat (contact) at a time. A spokesperson told TechCrunch that WhatsApp will roll out this change to users worldwide today. ...
Tags: Android, TC, Facebook, Apps, Messenger, Instagram, India, Tech, Whatsapp, Who, World Health Organization, Stan Chudnovsky


Agritech startup DeHaat raises $12M to reach more farmers in India

DeHaat, an online platform that offers full-stack agricultural services to farmers, has raised $12 million as it looks to scale its network across India. The Series A financial round for the eight-year-old Patna and Gurgaon-based startup was led by Sequoia Capital India. Dutch entrepreneurial development bank FMO, and existing investors Omnivore and AgFunder, also participated in the round. The startup, which began to seek funding from external investors last year, has raised $16 million to d...
Tags: Startups, Apps, Asia, India, Funding, Tech, Bank, Zomato, Sequoia Capital, Gurgaon, Mohan, Patna, Sequoia India, Sequoia Capital India, Recent Funding, Udaan


The Station: Via hits $2.25B valuation, letters from readers, layoffs in a time of COVID-19

Hi, and welcome back to The Station, a weekly newsletter dedicated to all the ways people and packages travel from Point A to Point B. I’m your host Kirsten Korosec, senior transportation reporter at TechCrunch. If this is your first time, hello; I’m glad you’re with us. I have started to publish a version of the newsletter on TechCrunch. That’s what you’re reading now. For the whole newsletter, which comes out every weekend, you can subscribe by heading over here, and clicking “The Station.” It...
Tags: TC, Transportation, Lyft, Crowdsourcing, Washington, Germany, Boston, Berlin, India, Los Angeles, San Francisco, Tech, Spain, Economy, Engineer, Service


Uber partners with Flipkart and BigBasket in India to deliver essential items

Uber is resuming some services in India as it looks to help other firms deliver grocery and other essential items in select parts of the country, nearly two weeks after New Delhi ordered a three-week lockdown for its 1.3 billion people. The American firm said on Monday that it has partnered with Flipkart to deliver everyday essentials in Delhi, Mumbai, and Bangalore. The announcement comes days after Uber inked a similar deal with online grocer BigBasket and Kolkata-headquartered chain Spe...
Tags: Transportation, Uber, Asia, India, Tech, New Delhi, Uber India, Flipkart, South Asia, Bangalore, BigBasket, Kolkata, Spencer, Noida, Delhi Mumbai, India Ola


India’s Swiggy raises $43M to expand to new businesses

Indian food delivery startup Swiggy has bagged an additional $43 million as it looks to expand to new businesses. Ark Impact, Korea Investment Partners, Samsung Ventures and Mirae Asset Capital Markets financed Swiggy’s ongoing Series I round. In February, the Bangalore-based startup had raised $113 million as part of the current round. The new round, which makes Swiggy’s total raise-to-date to $2 billion, values it at $3.6 billion, a person familiar with the matter told TechCrunch. The an...
Tags: Food, Asia, India, Funding, Tech, Zomato, New Delhi, Samsung Ventures, Bangalore, Swiggy, Korea Investment Partners, Mirae Asset Capital Markets


A new phone-tracing technology could tell if you've been exposed to the coronavirus — without sacrificing privacy. 130 researchers are offering it to countries for free.

The novel coronavirus excels at spreading because it's contagious when there are few or no symptoms. That's why governments are resorting to lockdowns, travel bans, and other economy-crippling restrictions. A team of 130 volunteer researchers just rolled out a technology framework that aims to help people return to work using an epidemiological principle called contact tracing. Pan-European Privacy-Preserving Proximity Tracing would use Bluetooth low-energy (which nearly all smartphones have) ...
Tags: Apple, South Korea, Europe, UK, China, Germany, Berlin, India, US, Trends, Italy, Vodafone, University of Oxford, Cornell University, Business Insider, Dana


Disney+ Launches in India For $20 a Year, Includes Shows From HBO, Showtime, and Live TV Channels

Disney+ has arrived in India through Hotstar, a popular on-demand video streamer the giant conglomerate picked up as part of the Fox deal. From a report: To court users in India, the largest open entertainment market in Asia, Disney is charging users 1,499 Indian rupees (about $19.5) for a year, the most affordable plan in any of the more than a dozen markets where Disney+ is currently available. Subscribers of the revamped streaming service, now called Disney+ Hotstar, will get access to Disney...
Tags: India, Disney, Tech, Fox, Hooq, HBO Showtime, Hotstar, Disney Hotstar, Disney Originals, Asia Disney, HBO Showtime ABC, Disney Launches


Google's misinformation chief talks fact-checking the pandemic: 'I've never seen anything like this' (GOOG, GOOGL)

Google is paying out $6.5 million to help fact-checking organizations around the world. Google's head of information credibility explains the thinking behind the strategy: 'It's more global than ever, and it demands an answer that's more global than ever.' The company says it's also looking at ways to better surface fact-checked stories on Google News. Visit Business Insider's homepage for more stories. Google announced it will contribute $6.5 million to fund to fact-checking organizations an...
Tags: Google, Facebook, Europe, Milan, India, Nigeria, US, Trends, United States, Italy, Seattle, Google News, Kaiser Health News, Africa Check, IFCN, Google News Initiative


Huddle on Building & Scaling MoEngage With Raviteja Dodda

What does it take to build a global B2B SaaS product from India? To find out, on the next Huddle - 5 PM on Monday, 6th April - we have Raviteja Dodda, Founder & CEO @ MoEngage. The post Huddle on Building & Scaling MoEngage With Raviteja Dodda appeared first on NextBigWhat.
Tags: Business, India, Tech, Raviteja Dodda


Fascinating Google data from 131 countries shows where people go amid lockdowns — with park and grocery visits plummeting as much as 90%

Google has released aggregated location data from 131 countries that shows how people are moving around during the coronavirus pandemic. The data compares footfall from up to a few days ago to a baseline taken from the beginning of this year. In many Western countries, visits to recreational and retail locations, grocery shops, transit stations, and workplaces have plummeted. In some East Asian countries, such as South Korea and Taiwan, visits to grocery shops and parks have actually increased...
Tags: Google, Asia, South Korea, Europe, UK, China, India, US, Trends, Spain, Taiwan, Italy, Google Maps, Warwick Business School, Mark Skilton, Skilton


Visits to shops reduced by 77%, to parks by 57% during COVID-19 lockdown in India: Google

Since the Janata Curfew was imposed on March 22 and the country was subsequently locked down on March 25, visits to restaurants, cafes, shopping centres, etc. have reduced by 77%, Google’s COVID-19 Community Mobility Report for India reveals. Released as part of Google’s new project announced earlier today, these country-specific mobility reports track how people’s […] ...
Tags: Travel, Google, News, India, Coronavirus


Disney debuts its streaming service in India for $20 a year

Disney+ has arrived in the land of Bollywood. The company on Friday (local time) rolled out its eponymous streaming service in India through Hotstar, a popular on-demand video streamer it picked up as part of the Fox deal. To court users in India, the largest open entertainment market in Asia, Disney is charging users 1,499 Indian rupees (about $19.5) for a year, the most affordable plan in any of the more than a dozen markets where Disney+ is currently available. Subscribers of the revamped ...
Tags: Amazon, TC, Mobile, Apps, Asia, Hbo, Media, Abc, John Oliver, India, Disney, Narendra Modi, Samsung, Tech, Apple TV, Fox


Disney debuts its streaming service in India

Disney+ has arrived in the land of Bollywood. The company on Friday (local time) rolled out its eponymous streaming service in India through Hotstar, a popular on-demand video streamer it picked up as part of the Fox deal. To court users in India, the largest open entertainment market in Asia, Disney is charging users 1,499 Indian rupees (about $20) for a year, the most affordable plan in any of the more than a dozen markets where Disney+ is currently available. Subscribers of the revamped st...
Tags: Amazon, TC, Mobile, Apps, Asia, Hbo, Media, Abc, India, Disney, Tech, Apple TV, Fox, Netflix, Premier League, New Delhi


15 books Steve Jobs always turned to for inspiration

Steve Jobs' lifelong interest in the humanities gave Apple a human touch. Some of the iconic CEO's favorite books included Herman Melville's "Moby Dick," Shunryu Suzuki's "Zen Mind, Beginner's Mind," and the poems of Dylan Thomas. Here are 15 books that inspired Steve Jobs. Visit Business Insider's homepage for more stories. Why did Apple "think different"? As Steve Jobs said while introducing the iPad, the Mac maker was never just a tech company.  "The reason that Apple is able to create pro...
Tags: Apple, Japan, Tibet, Jobs, California, Steve Jobs, India, America, Trends, Bloomberg, West, Dylan Thomas, Himalayas, William Shakespeare, Ashton Kutcher, Portland Oregon


Disney+ beat Netflix in recent US downloads (report)

Netflix may still dominate global streaming, but Disney+ has made a huge splash in the United States, where it launched in November. That much was pretty clear already, and other reports have already suggested that Disney+ was the most downloaded app and biggest search trend in the United States last year. Now a new report from mobile intelligence company Apptopia and competitive engagement platform Braze suggests that Disney’s streaming service has continued its spectacular success into 2020...
Tags: Amazon, Europe, Hbo, Media, Entertainment, Youtube, India, Disney, US, Tech, Netflix, United States, Hulu, Morty, Rick, The Walt Disney Company


Consumers spent record $23.4 billion on apps in Q1 2020, thanks to being stuck indoors

Time spent in mobile apps has been surging, as people stuck at home due to the coronavirus outbreak have been turning to apps to do their shopping, manage their finances, find new exercises, work from home, and stay entertained. According to new data from App Annie, released today, Q1 2020 was the largest-ever quarter in terms of consumer spend on apps. In addition, the average weekly time spent in apps and games worldwide was up 20% year-over-year in the quarter, based on an analysis of Android...
Tags: Google, Google Play, Mobile, Apps, South Korea, Games, Japan, Youtube, China, India, Disney, Tech, Brazil, App Stores, App Annie, Puzzle Simulation Action Simulation


Google to shut down Neigbourly, its local Q&A app for India

Google is shutting down Neighbourly, an app it released in 2018 in India to help neighbours ask Q&As about — wait for it — their neighbourhood. This was first reported by TechCrunch. The app helped people find facilities in their locality: you ask a question, it goes around to people living around you (since you share your […] ...
Tags: Travel, Google, News, India, Social Media


SoftBank terminates $3B tender offer for WeWork shares

SoftBank Group has pulled a $3 billion tender offer for WeWork shares — citing closing conditions not being met. The investment behemoth had been rumoured to be , when the WSJ reported last month that it was using regulatory investigations as a way to back out of its commitment to buy $3BN in shares from existing WeWork shareholders. Under the terms of the share buyback deal negotiated last year, WeWork founder Adam Neumann had been set to receive almost $1BN for his shares in the co-work...
Tags: Fundings & Exits, Asia, Europe, Japan, Real Estate, Milan, China, India, Softbank, US, Tech, Mta, WeWork, Madrid, Meetup, WSJ


SoftBank terminates $3BN tender offer for WeWork shares

SoftBank Group has pulled a $3 billion tender offer for WeWork shares — citing closing conditions not being met. The investment behemoth had been rumoured to be , when the WSJ reported last month that it was using regulatory investigations as a way to back out of its commitment to buy $3BN in shares from existing WeWork shareholders. Under the terms of the share buyback deal negotiated last year, WeWork founder Adam Neumann had been set to receive almost $1BN for his shares in the co-work...
Tags: Fundings & Exits, Asia, Europe, Japan, Real Estate, Milan, China, India, Softbank, US, Tech, Mta, WeWork, Madrid, Meetup, WSJ


Google to shut down its India-focused Q&A app Neighbourly

Google is shutting down Neighbourly, a Q&A social app that it launched in select parts of India two years, the company has informed users. The app, developed by company’s Next Billion Initiative, aimed to give local communities an outlet to seek answers to practical questions about life, routine and more. At the time of the app’s launch, Google told TechCrunch that it believed that an increase in urban migration, short-term leasing and busy lives had changed the dynamic of local communities and ...
Tags: Google, Social, Apps, Asia, India, Tech, App Annie


Google is shutting down its Neighbourly app

Google is killing another one of its experimental apps — Neighbourly. The company said it’s shutting down the app on May 12, as the project didn’t take off as expected. The search giant first unveiled the app in May 2018 as a test in the Indian city of Mumbai to let you explore your neighborhood with help from local experts. Later in November, it expanded its base to a few more cities in the country. However, it failed to gain traction, likely because it simply didn’t have enough users to delive...
Tags: Google, Startups, Apps, India, Mumbai


Mobile payments firms in India are now scrambling to make money

Vijay Shekhar Sharma, founder and chief executive of India’s most valuable startup, Paytm, posed an existential question in a recent press conference. “What do you think of the commercial model for digital mobile payments. How do we make money?” Sharma asked Nandan Nilekani, one of the key architects of the Universal Payments Infrastructure that created a digital payments revolution in the country. It’s the multi-billion-dollar question that scores of local startups and international giant...
Tags: Google, Mobile, Asia, Ebay, Finance, China, India, Softbank, Tech, Walmart, Bloomberg, Getty Images, Pakistan, Credit Suisse, Alibaba, Silicon Valley


Daily Crunch: Zoom faces security scrutiny

Researchers reveal a number of security issues with videoconferencing app Zoom, investors warn Indian startups of tough times ahead and Uber Eats expands its grocery options internationally. Here’s your Daily Crunch for April 1, 2020. 1. Maybe we shouldn’t use Zoom after all Zoom’s recent popularity has shone a spotlight on the company’s security protections and privacy promises. Yesterday, The Intercept reported that Zoom video calls are not end-to-end encrypted, despite the company’s claims...
Tags: Security, Youtube, France, India, Los Angeles, Tech, Spain, Coalition, Brazil, Sao Paulo, Zoom, Carrefour, Digital Citizens Alliance, MyLife, Daily Crunch, Peter Oey


Mobile app spending to double by 2024, despite economic impacts of COVID-19

The spread of COVID-19 has already had a significant impact on the mobile app industry and that will continue in the years to come. According to a revised 2020-2024 market forecast from app intelligence firm Sensor Tower, a sizable increase in app downloads for industries like remote work and education will lead to a large surge in app installs for the early part of 2020 and beyond, despite other decreases in downloads for ride-sharing and fast food apps. However, the expected economic downturn ...
Tags: Apple, Google, Mobile, Apps, China, India, Tech, Ios Apps, Android Apps, Brazil, App Stores, App Store, Latin America, Taiwan China, Sensor Tower, COVID-19


Spotify and Warner Music Group renew their global licensing deal, resolve issue in India

Spotify and Warner Music Group have renewed their global licensing partnership, the two said on Wednesday, confirming that the giant music label’s songs will now be available on the Sweden-headquartered firm’s platform in India. In a joint statement, the two companies said, “Spotify and Warner Music Group are pleased to announce a renewed global licensing partnership. This expanded deal covers countries where Spotify is available today, as well as additional markets. The two companies look forwa...
Tags: Asia, Spotify, Sweden, Media, India, Tech, Bloomberg, Warner Music, Coldplay, Warner, Financial Times, Linkin Park, Gaana, Times Internet, Warner Music Group, Cardi


Investors tell Indian startups to ‘prepare for the worst’ as Covid-19 uncertainty continues

Just three months after capping what was the best year for Indian startups, having raised a record $14.5 billion in 2019, they are beginning to struggle to raise new capital as prominent investors urge them to “prepare for the worst”, cut spending and warn that it could be challenging to secure additional money for the next few months. In an open letter to startup founders in India, ten global and local private equity and venture capitalist firms including Accel, Lightspeed, Sequoia Capital, and...
Tags: Fundings & Exits, Apps, Asia, Finance, India, Funding, Tech, Venture Capital, Zomato, Sequoia Capital, New Delhi, Lightspeed Venture Partners, Nexus Venture Partners, Bangalore, SAIF Partners, Accel


Daily Crunch: Amazon warehouse workers walk out

Amazon faces worker complaints over its response to the COVID-19 pandemic, General Motors says it’s moving fast to manufacture face masks and we’ve got some numbers quantifying the video conferencing boom. Here’s your Daily Crunch for March 31, 2020. 1. Amazon warehouse workers are walking out and Whole Foods workers are striking Yesterday, warehouse workers on Staten Island in New York walked off the job in protest of Amazon’s treatment amid the crisis. Meanwhile, workers at Whole Foods, whi...
Tags: Apple, Amazon, TC, Facebook, Europe, New York, Whole Foods, India, Disney, Tech, General Motors, Staten Island, App Annie, Garrett Camp, Niantic, Houseparty


As China factories reopen, production may be hampered by ongoing measures to combat the pandemic

This story was delivered to Business Insider Intelligence Connectivity & Tech Briefing subscribers earlier this morning. To get this story plus others to your inbox each day, hours before they're published on Business Insider, click here. Tech companies including Apple and Sony have seen their production facilities in China reopen, but the persistence of broader supply chain uncertainty will slow their return to full speed. Sony, for instance, reopened its four manufacturing plants in China af...
Tags: Apple, UK, China, India, Trends, Malaysia, Sony, Vietnam, Reuters, US State Department, India Vietnam, Business Insider Intelligence, China Foxconn, Foxconn Apple



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