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ETtech Morning Dispatch on Feb 22, 2021: Dream11's valuation may double, Bounce halves workforce


ETtech Morning Dispatch on Feb 22, 2021: Dream11 s valuation may double, Bounce halves workforce
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/ Morning Dispatch
Dream11 and
Bounce could very well be the protagonists albeit with diametrically opposite narratives.
With live sporting events being shelved in the early days of the pandemic and people staying at home, India’s online gaming industry saw a major bump-up in engagement. In contrast, shared mobility continues to be out of favour as those venturing out are choosing personal vehicles over public transport for their commute.
It’s only logical then: Dream11 is looking to double its ....

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Will Ola, Uber come out of Covid-19 slump in 2021? — Quartz India


February 22, 2021
The Covid-19 pandemic has completely altered India’s ride-hailing industry and this change is here to stay for the foreseeable future.
After staying off roads in March and April last year due to government-mandated lockdowns, the likes of Uber and Ola made a comeback to the “new normal” in India loaded with safety precautions such as temperature checks, car sanitisation after each ride, and plastic screens between drivers and riders. But with offices and schools still operating remotely, businesses for ride-hailing firms remained subdued.
The work-from-home trend in the information technology (IT) sector was one of the biggest hindrances to ride-hailing getting back on track. IT employees account for 40-50% of Ola and Uber rides in major cities, according to Pawan Mulukutla, director of the electric mobility program under sustainable cities at World Research Institute (WRI) India. “We know many of the trips used to be to airports, tech parks, ....

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