The legendary internet entrepreneur and management thinker, Tony Hsieh, died on Saturday at the young age of 46…One thing that made him very popular was his creative workplace policies like ‘The Offer’ and ‘Holacracy’
Amazon.com Company, Amazon Web Services is set to expand its services by including a second infrastructure region in India by mid-2022. The new AWS Asia Pacific (Hyderabad) Region aims to enable more institutions, businesses and non-profit organizations to run their applications and serve end users from data centers located in India. “Businesses in India are…
Amazon India announced the expansion of its fulfilment infrastructure in Telangana with 2 new fulfilment centres (FC) in Hyderabad. This expansion will help sellers offer a wider selection and enable faster deliveries of customer orders within the region and neighbouring states ahead of the upcoming festive season. With this infrastructure, Amazon.in now offers storage capacity…
ACKO, a Bengaluru-based insurtech company which makes buying and using insurance effortlessly, announced it has raised $60 million in a funding round led by Munich Re Ventures. Existing investors Amazon, RPS Ventures, and Intact Ventures Inc, which is the corporate venture arm of Canada’s largest property and casualty insurer, also participated in the funding round. …
Rivian, an automotive technology startup that develops products and services to advance the shift to sustainable mobility, announced that it has raised an additional $2.5 billion in funding from accounts advised by investment firm T Rowe Price. Other investors that took part in the current investment include Soros Fund Management, Coatue, Fidelity Management and Research,…
At a time when layoffs, furloughs, and pay cuts have become a common phenomenon, e-commerce giant Amazon is surely leading the way in job creation and salary benefits for employees. The Jeff Bezos-led company recently said that it would spend $500mn on one-time bonuses to its front-line employees and partners working through the coronavirus crisis.…
Jeff Bezons-led e-commerce giant Amazon recently announced that it is hiring close to 20,000 ‘seasonal’ or temporary employees in India in its customer service (CS) department to help customers globally with a seamless online shopping experience. The company in a statement said that the new positions are being added to meet the anticipated demand in…
Online retail giant Amazon Inc recently announced The Climate Pledge Fund to support the development of sustainable technologies and services that will enable Amazon and other companies to meet The Climate Pledge—a commitment to be net zero carbon by 2040. This dedicated venture investment program—with an initial $2 billion in funding—will back visionary companies whose…
After food delivery companies Swiggy and Zomato secured state permissions to deliver alcohol at customer doorstep, Online retail giant Amazon is reportedly eyeing to enter the services. According to a Reuters report, Amazon India has secured clearance from the West Bengal government to deliver alcohol in the state. In a notice, West Bengal State Beverages…
Online retail giant Amazon is reportedly in talks with Indian mobile operator Bharti Airtel to buy a stake worth at least $2 billion. According to a Reuters report, the deal is expected to “turbocharge” India’s digital economy. If the alleged transaction comes through, Amazon would roughly acquire 5% stake in the country’s third largest telecom…
BankBazaar, a neutral online marketplace that gives instant customized rate quotes on loans and insurance products, announced that it has raised Rs 45 crore Series D1 funding from new investor WSV – a joint venture fund of Walden International and Korean company SKTA. Existing investors including Amazon, Sequoia India, Experian, and Eight Roads also took…
Jeff Bezos-led online retail giant, Amazon reportedly is in advanced talks to buy self-driving startup Zoox Inc. The move is expected to expand the e-commerce giant’s reach in autonomous-vehicle technology According to a Wall Street Journal report, the deal will value Zoox at less than the $3.2bn. The self-driving startup has achieved a similar valuation…
Online retail giant Amazon recently announced that its India unit is planning to hire 50,000 temporary or seasonal employees in the country. The recent move by the company is a result of recently relaxed lockdown norms by the Government of India which allowed for the delivery of non-essential items in all zones except containment areas.…
Ecommerce giant Amazon recently announced that it is launching its food delivery services in India starting with Bengaluru. The recent development from Amazon comes just days after top local players Swiggy and Zomato reduce their workforce to tide over the coronavirus pandemic crisis. According to an Economic Times report, the firm had been planning to…
The Government of India recently announced the fourth phase of nationwide lockdown but with some relief to businesses. E-commerce companies who were only delivering essential products until now, are finally allowed to deliver all products in the red zones. As per the new guidelines issued on May 17 for the third extension of the lockdown,…