Swiggy has launched a Rs 10 crore fund to support delivery personnel who test positive for COVID-19. The delivery personnel's will get income of upto 2 weeks, essential goods including food and groceries; their parents and families' medical expenses related to COVID-19 will also be covered. Swiggy has so far raised Rs 4 crore, from founders, senior leaders, employees, investors, and crowdfunding, the company said. Swiggy CEO Sriharsha Majety, who earned Rs 1 crore in FY18, has committed 50% of his current annual salary towards this fund. Swiggy has also committed all its revenues from March 22, Janata Curfew towards this fund. We have reached out to Swiggy for more details. Zomato had earlier announced a fund for its delivery persons: Swiggy’s announcement came after rival Zomato announced a fund for its delivery partners, along with offering loans to certain restaurants on its platform last week. However, at this moment, details about Zomato's fund are unknown. Swiggy’s fund is also largely similar to a fund initiated by ride hailing app Ola, in terms of coverage, and also the funding structure. COVID-19 adversely affects the gig economy: The COVID-19 pandemic has forced India to shut itself down for 21 days to curtail the movement of people out on the streets. Schools, colleges, shopping malls remain shut, and many companies around the country have asked their employees to work from home. The nationwide curfew has reportedly resulted in orders on food delivery platforms such as Swiggy and Zomato plummeting by at least 60%. Uber and Ola drivers have called for…
- US Executive Order Targets Protection of Sensitive Data from Foreign Threats March 1, 2024
- Google removes apps of Matrimony.com, Shaadi, and other Indian companies for not complying with the Play Store billing policy March 1, 2024
- Haryana Police Seeks Cancellation of Visas, Passports of Protesting Farmers Identified Through CCTVs, Drone Footages March 1, 2024
- Facebook to shut down news tab in US and Australia, citing declining user interest March 1, 2024
- RBI updates its regulatory sandbox framework March 1, 2024
Google removes apps of Matrimony.com, Shaadi, and other Indian companies for not complying with the Play Store billing policy
Speaking to Medianama, founders of the concerned companies alleged Google was the one not in compliance with the Indian competition regulator's antitrust order.
Haryana Police Seeks Cancellation of Visas, Passports of Protesting Farmers Identified Through CCTVs, Drone Footages
According to reports, farmers have also informed that their phones are being put on surveillance, and that they are being notified by the police...
Under the updated regulatory framework, sandbox entities must process all the data, in its possession or under its control, in accordance with the provisions...
MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.
Views: Response to NPCI CEO’s comments that what is not written in regulations is a no-go for fintech entities
NPCI CEO Dilip Asbe recently said that what is not written in regulations is a no-go for fintech entities. But following this advice could...
Notably, Indus Appstore will allow app developers to use third-party billing systems for in-app billing without having to pay any commission to Indus, a...
The existing commission-based model, which companies like Uber and Ola have used for a long time and still stick to, has received criticism from...
Factors like Indus not charging developers any commission for in-app payments and antitrust orders issued by India's competition regulator against Google could contribute to...
Is open-sourcing of AI, and the use cases that come with it, a good starting point to discuss the responsibility and liability of AI?...
Please subscribe to MediaNama. Don't share prints and PDFs.
You May Also Like
Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...
135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...
Twitter takes down tweets from MP, MLA, editor criticising handling of pandemic upon government request
By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...