Fresh Set of order for E-commerce Players!
On April 19, authorities released a fresh set of rules for the E-commerce sector. Standard Operating Procedure(SOP) holds Cheif Operation Officers (COO) is responsible for maintaining all the social distancing and sanitization norms.
The new rules released have made it compulsory for the companies to install the Aarogya Setu app in the cell phones of their staff.
Download on Google Playstore – https://play.google.com/store/apps/details?id=nic.goi.aarogyasetu&hl=en_IN
Download on Apple Appstore – https://apps.apple.com/in/app/aarogyasetu/id1505825357
The app helps the Government keep track of the pandemic and educate people more about it. Besides, it also issues E-passes.
The Government wants that companies follow all necessary precautions in the supply chain of goods.
A $15 Mn by Groffers to meet the rising Demand!
Grofers, the online grocery shopping platform, has planned to invest $15 Mn in its company to strengthen its grip over the market for the next two years.
These investments will be used to improve the distribution network of the company, in delivering their products to more stores, and tie hands with more Kirana stores for better deliveries.
Grofers has also finalized the idea of setting up small sanitized warehouses all across India. It will help in reducing the delivery time.
The steaming pressure on the Startups!
The extension of lockdown has burdened the Startup companies a little more. They are now forced to cut down their costs. Companies have reduced several jobs already. Some employees are off duties while others are taking pay cuts.
The only option that companies have now is to either save jobs or save their businesses.
Latest Developments in some Indian Startups:
- Limeroad to Pay cuts and furlough
Suchi Mukherjee, CEO of the fashion platform, has confirmed that the company founders have decided on a 100% deduction, whereas the employees are taking 20-30% cutoffs. They have just finalized the temporary leaves, and all other things are yet to be completed.
- Vakilsearch to cut down Jobs
The online platform for tax, startup registrations, and compliance, Vakilsearch is already cutting down jobs. They have kept in place the salary based cuts from 15-30% for the company. Yet, there is no official confirmation from the company.
- CleverTap enforces cost-cutting!
The company has laid off around 60 employees for departments like Design, engineering, marketing, product management, etc. The company confirmed on April 16 that their employee headcount is reduced by 20% globally.
- Other companies like BulBul, BlackBuck, Orange Something, Instamojo, and many more have also decided to cut costs and lay off their employees.
Extension of restrictions on E-commerce till further notice says Government.
E-commerce was supposed to get back to normal from April 20. Still, keeping in mind the current statistics of Coronavirus, the Government has extended the restriction on E-commerce until further notice.
As a response to this notice, the Internet and Mobile Association of India (IAMAI) is requesting the Government to open up the E-commerce services.
OYO lends a helping hand to its partners!
When other companies are not in a position to help their partners contrastingly the OYO, the hospitality unicorn has decided to help their hotel partners all across India in a series of steps. The company suspended multiple charges due to the hotel partners from March. A help of around Rs.24 Cr is offered to over 3000 OYO partners, said OYO.
Besides these measures, OYO has also collaborated with several leading companies, including startups.
