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Amazon Flex, Dunzo, Ola, Uber, and PharmEasy received a 0/10 rating on the Fairwork India Ratings 2022

Amazon Flex, Dunzo, Ola, Uber, and PharmEasy received a 0/10 rating on the Fairwork India Ratings 2022, which ranks companies based on the working conditions of gig workers in relation to the minimum standards of fair work. The platform with the highest score, 7/10, was Urban Company.

This comes as companies such as Ola and Uber face regulatory challenges, longer wait times, and driver demands to raise fares and reduce app commissions. While companies like Swiggy and Dunzo have faced worker protests over rate changes, incentive changes, and the length of time workers must stay logged in. The report rated 12 Indian platforms on fair pay, fair conditions, fair contracts, fair management, and fair representation, including Amazon Flex, Bigbasket, Dunzo, Flipkart, Ola, PharmEasy, Porter, Swiggy, Uber, Urban Company, Zepto, and Zomato.

by Tech In Asia

GoTo’s legal and corporate secretary said the company follows regulations for public companies and will prioritize the interests of shareholders. Source link

by INC42

SUMMARY The due diligence is done, and both sides are negotiating final terms for the cash and equity transaction If the deal closes, it will mark one of the biggest consolidation in India’s auto tech sector Notably, CarDekho entered the unicorn club in October 2021 after raising $250 Mn at a $1.2 Bn valuation. It, however, shut down its used-car retail business in 2023 after high operating costs made it unviable Listed auto marketplace CarTrade is reportedly in advanced stages to acquire rival CarDekho in a deal valued at… Source link

by INC42

From a brand known for its cool urban image and setting the Indian craft brewery benchmark, Bira 91’s survival hangs by a thread.  The startup, which has raised more than $200 Mn in funding to date from investors such as Peak XV Partners, Sofina, and Kirin Holdings, among others, is struggling to move past the slowdown that hit its business last year.   At the centre of the storm are 600 employees, the investors, and Ankur Jain, the CEO and founder of B9 Beverages Ltd, Bira 91’s parent company.  Jain is under pressure to step down… Source link