For more than a decade, China has limited how foreign tech firms that operate inside its borders do business. The world’s largest internet market has used its Great Firewall to block Facebook, Twitter, Google and other services in the name of preserving its cyber sovereignty. The walled-garden...

Uber is cutting 600 jobs in India, or 25% of its workforce in the country, it said on Tuesday as it looks to cut costs to steer through the coronavirus pandemic. The job cuts, which affect teams across customer and driver support, business development, legal, policy, marketing, and finance, are...

Good morning and welcome back to TechCrunch’s Equity Monday, a brief jumpstart for your week. A few housekeeping notes. First, the main, long-from Equity episodes still drop every Friday, so if you are behind, check your podcast feed. Also, we’re running a listener survey which you can...

Zomato, an India-headquartered food delivery startup, is cutting 13% of its workforce as it looks to reduce cost and tide the coronavirus crises that has made many cautious about ordering food online. The 11-year-old firm did not disclose the exact number of people it was letting go, but the...

Swiggy is cutting about 1,000 jobs, most from its cloud kitchen division as India’s top food delivery startup scales back some of its businesses in response to the coronavirus pandemic that has drastically affected millions of firms. In a statement, the Bangalore-based startup said it was...

Uber is walking back its guidance for what was supposed to be a milestone year for the ride-hailing company that included reaching an operating profit by the last quarter. Uber said Thursday it was withdrawing its 2020 guidance for gross bookings, adjusted net revenue, and adjusted EBITDA, which...

With the latest investments, Swiggy’s valuation stands at US$3.6 billion while Zomato is now valued at US$3.2 billion   By Monika Ghosh   Food delivery app Swiggy has raised an additional US$43 million in its ongoing Series I funding round led by China-based Tencent, according […] The post...

One of the critical questions you should ask yourself before starting a business in India is: Does your product or service solve an existing problem of your target consumers? Successful entrepreneurs always strive to solve people’s problems and fulfill their most desirable needs with innovative...

Zomato, India’s food delivery unicorn, has acquired Uber’s food delivery business in India for $206 million, according to the Silicon Valley-headquartered ride-hailing giant’s latest US Securities and Exchange Commission filing. Uber said in the filing that the estimated fair value of the...

우버가 5월10일 IPO를 앞두고 전세계에서 상당한 경쟁에 직면하고 있어 상당히 오래동안 흑자전환이 힘들 것 같다는 WSJ기사를 읽었다. 사람들이 아마존과 우버의 비교를 많이 하는데 설립후 8~10년차를 비교해 봤는데...