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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.”
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 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.
“I believe this is a decent option for companies who don’t meet the 75 percent wage subsidy requirements.”
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 has added $200 million to Shopify Capital as a way to support small businesses affected by COVID-19.
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.
Recorded in quarantine, BetaKit has a new podcast to help Canadian tech make it through COVID-19.
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.
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.