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StartupTalky presents Recap'25, a series of exclusive interviews where we connect with founders and industry leaders to reflect on their journey in 2025 and...

For its initial public offering (IPO), insurtech startup Turtlemint has submitted an updated draft red herring prospectus (UDRHP) to the Securities Exchange Board of...

StartupTalky presents Recap'25, a series of exclusive interviews where we connect with founders and industry leaders to reflect on their journey in 2025 and...

StartupTalky presents Recap'25, a series of exclusive interviews where we connect with founders and industry leaders to reflect on their journey in 2025 and...

Sriharsha Majety-led Swiggy posted a widened loss of Rs 1,065 crore in the December quarter, even as its topline grew by 53% to touch Rs 6,148 crore helped by contribution from Instamart and its food delivery arm during the festive quarter. The company had posted a loss of Rs 799 crore in the same period last fiscal year.Sequentially, its bottom line marginally improved from Rs 1,092 crore. The company's consumer business, inclusive of food delivery, quick commerce and dine-out, together clocked Rs 18,122 crore of Gross Order Value, an improvement of 50% from last year. Instamart, the company's quick commerce arm, grew its topline by 75% to Rs 1,052 crore, however, sequentially its growth was marginal. The growth came on the back of heavy expenditure pushing its bottom line further in red, with losses in the business widening to Rs 908 crore. The quarter also witnessed higher discounting for consumers and larger payout to gig-workers on account of strikes orchestrated by gig workers union. "However, amidst irrational competition, our recent investments into lower consumer-side monetization have not yielded the desired incremental order-growth, especially at the bottom of the AOV-pyramid; and are being reviewed," shared Sriharsha Majety, Co-founder, MD & Group…  ​Read More​YourStory RSS Feed

India's gig workforce has surged 55% since 2021 to reach 12 million workers, now representing over 2% of the country's labor force, according to the government's latest Economic Survey released Thursday. But the rapid expansion has exposed deep fault lines in worker protections, with 40% earning below Rs 15,000 monthly. The report notes that workers cannot afford the basic equipment needed to escape low-paying gigs."Many cannot move from low- to medium-skilled gigs because they lack tools," the report notes, pointing to bikes, cars, or specialized equipment as barriers. Access to capital remains a critical constraint. Workers cannot upgrade from motorcycle delivery to car-based services without financing. The survey proposes platforms and employers to co-invest in worker assets and training. This would enable delivery workers to acquire vehicles for ride-hailing, or basic equipment for skilled trades.India's gig economy is projected to contribute Rs 2.35 lakh crore ($28 billion) to GDP by 2030 and represent 6.7% of the non-agricultural workforce. But without addressing access to productive assets, millions risk being locked into precarious, low-wage work even as the sector expands.Ecommerce dominates the sector with 3.7 million gig workers—roughly 31% of the total—followed by logistics at 1.5 million. 1335 people loved this storyWhat…  ​Read More​YourStory RSS Feed

Effective implementation of the new Labour Codes would play a key role in supporting formal employment and improving security for women and gig workers, the Economic Survey for 2025-26 stated.The document, tabled in Parliament on Thursday, noted that four codes were notified on November 21, 2025, and rules are expected to be in place in the next few months.It suggested that as definitions of work continue to evolve, dynamic labour policy and flexible regulatory frameworks would ensure employment expansion, worker security, and well-being.The draft rules under the four codes—Code on Wages, 2019, Industrial Relations Code, 2020, Code on Social Security, 2020, and the Occupational Safety, Health and Working Conditions Code, 2020—were pre-published on December 31, 2025, for stakeholder comments.India has recorded significant employment growth in recent years, supported by structural reforms, tax rationalisation, and a sustained focus on skill development, it noted.The employment and skilling ecosystem is being reshaped by demographic shifts, technological change, and evolving industry needs, including the expansion of gig and platform work, it pointed out.Amid these developments, "the effective implementation of Labour Codes would play a key role in supporting formal employment and improving security for women and gig workers".On the skills front, it stated that…  ​Read More​YourStory RSS Feed

Pay less taxes, says the new budget. The new tax regime focuses on the future. It's much simpler, cleaner and financially attractive for the...

Asserting that only 4.9% of the youth in the 15-29 age group have received formal vocational or technical training, the Economic Survey 2025-26 on Thursday called for expanding access to formal skilling and increasing the coverage of skill training programmes.The Survey highlighted that skill education in schools would equip young people with market-aligned skills, particularly in the service sector, which absorbs over half of the formally trained youth, while reducing dropouts by linking education to economic opportunities.It emphasised that strengthening the alignment between school education and national skilling priorities is essential for reducing the share of out-of-school children and building a productive workforce.As India seeks to harness its demographic dividend and respond to evolving labour market needs, a well-integrated and forward-looking skilling system is critical to enabling the workforce to capitalise on emerging economic opportunities, it stated."Expanding access to skills and improving their quality requires a well-integrated skilling ecosystem," it said, adding that enhanced coordination across ministries and levels of government would enable the diverse skilling initiatives to improve employability, expand coverage, and better equip the workforce for technological and economic changes.A unified apprenticeship mission may be needed to bring the National Apprenticeship Promotion Scheme (NAPS), the National Apprenticeship Training…  ​Read More​YourStory RSS Feed

In cooperation with Adobe, telecom provider Airtel will provide its clients with a one-year subscription to Adobe Express Premium. The business claims that all...