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Ritual cuts staff in half, reduces operations due to COVID-19(BETAKIT)
Toronto-based Ritual has laid off more than half of its employees and is set to reduce operations due to the impact of the COVID-19 pandemic.
Morneau provides more detail on government’s 75 percent wage subsidy for Canadian businesses(BETAKIT)
“This clause might be a killer for the tech ecosystem.”
Corporate travel startup Huilianyi raises $42M amid industry turmoil(PYMNTS)
Huilianyi, a business travel platform, notched approximately $42 million in fundraising as China begins a possible economic renewal amid the global coronavirus pandemic, Phocuswire reported.
Knix launches fundraising campaign to donate medical equipment to healthcare workers(BETAKIT)
Knix is calling for donations to help the
startup purchase protective equipment for healthcare workers on the frontlines in the fight against COVID-19.
Ikea acquires AI firm Geomagical Labs(BLOOMBERG)
Jesper Brodin, Ingka Group CEO, the parent company of Ikea talks with Bloomberg’s Scarlet Fu and Romaine Bostick on the company’s acquisition of Geomagical Labs and the impact of the coronavirus.
Federal government’s updated work-sharing program more open to startups amid COVID-19(BETAKIT)
“I believe this is a decent option for companies who don’t meet the 75 percent wage subsidy requirements.”
Modsy confirms layoffs, 10 months after announcing its $37M Series C(TECHCRUNCH)E
Modsy, an e-commerce company that creates 3D renderings of customized rooms, has confirmed to TechCrunch that it laid off a number of staff.
Shopify Capital makes additional $200 million available to merchants affected by COVID-19
Shopify has added $200 million to Shopify Capital as a way to support small businesses affected by COVID-19.
Food tech startup reshapes strategy as coronavirus closes down lab work(FOODDIVE)
The pandemic has prompted Clara Foods, the manufacturer of animal-free egg whites, to narrow its research efforts and could delay partnerships the company forges with CPGs to use its product.
Introducing the Black Swan podcast by BetaKit(BETAKIT)
Recorded in quarantine, BetaKit has a new podcast to help Canadian tech make it through COVID-19.
Food ordering startup raises funds as restaurants adopt takeout(BLOOMBERG)
Allset, a service which lets customers pre-order at restaurants, closed a series B funding round as the Covid-19 pandemic has forced many U.S. restaurants to try to adapt to a takeout-only model.
DoorDash now delivers from over 1,800 convenience stores nationwide(TECHCRUNCH)
The expansion comes at a time when customers are staying home due to the COVID-19 outbreak, which has driven grocery delivery apps to record usage.