Indian startups diversify their businesses to offset COVID-19 induced losses – TechCrunch

E-commerce giant Flipkart is planning to launch a hyperlocal service that would enable customers to buy items from local stores and have those delivered to them in an hour and a half or less. Yatra, an online travel and hotel ticketing service, is exploring a new business line altogether: supplying office accessories.

Flipkart and Yatra are not the only firms eyeing new business categories. Dozens of firms in the country have branched out by launching new services in recent weeks, in part to offset the disruption to their core offerings caused by the COVID-19 epidemic.

Swiggy and Zomato, the nation’s largest food delivery startups, began delivering alcohol in select parts of the country last month. The move came weeks after the two firms, both of which are seeing fewer orders and had to let go of hundreds of employees, started accepting orders for grocery items in a move that

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Internet-Software & Services Outlook: Things Look Good

The Internet Software & Services industry is a relatively small industry primarily involved in enabling platforms, networks, solutions and services for online businesses and facilitating customer interaction and use of Internet based services.   

Here are three major themes in the industry:

  • The overall impact of COVID has been positive for the industry. Although it necessitated work from home for employees, the industry, being by nature tech-centric, had relatively fewer issues with this. On the other hand, business continuity concerns accelerated the shift to cloud-based working for many, while service providers, both work-related and otherwise, also moved to Internet-based channels. Another big segment that did humongous amounts of business online was retail. All of these moves were positive for the industry and offset any negative impact of declining business at brick-and-mortar players. At least some of these trends will outlive the pandemic. In other cases, the return to physical operations will
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Online shoppers have lost millions to fraud during lockdown

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Make online shopping a safe experience for the whole family. (Photo: Getty Images)
Make online shopping a safe experience for the whole family. (Photo: Getty Images)

It’s another Saturday afternoon during lockdown, and you’re back on Amazon, filling your cart with household items and groceries. You haven’t been able to make your typical Target and Walmart runs lately, so you’re stocking up virtually instead.

Online shopping: everyone does it so it’s pretty harmless, right? Well, not always. Fraud is a possibility any time you shop online, according to Experian. And during a worldwide pandemic or even the holiday season, you’re especially vulnerable to hackers, phishers, and identity thieves. Covid-related fraud has already robbed a cumulative $13.4 million from unsuspecting Americans, according to the Federal Trade Commission.

That’s

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Sony sees software subscription as future for data-analyzing image sensors

By Makiko Yamazaki and Noriyuki Hirata

TOKYO (Reuters) – Sony Corp’s image sensor business aims to replicate PlayStation’s success to address its reliance on a handful of manufacturers in the fickle smartphone market: It plans to sell software by subscription for data-analyzing sensors in situ.

Transforming the light-converting chips into a platform for software – essentially akin to the PlayStation Plus video games service – amounts to a sea change for the $10 billion business, which built its dominance through hardware breakthroughs.

The effort chimes with Sony’s pursuit of recurring revenue after years of loss in the volatile consumer electronics sector. Success, analysts said, could serve as a rejoinder to activist investor Daniel Loeb’s calls for the business to be spun off.

“We have a solid position in the market for image sensors, which serve as a gateway for imaging data,” said Sony’s Hideki Somemiya, who heads a new team

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