Tag: gig economy

Bon, A Fintech Platform For The Gig Economy, Raises $1 Mn Seed Funding

Pune-based financial services company for gig economy workers Bon has raised $1.08 Mn (INR 7.8 Cr) in a Seed Round led by Silicon Valley-based impact investing firm Omidyar Network. Early-stage investment firm Axilor Ventures and Better Capital’s AngelList India Syndicate also participated in the funding round. The startup plans to use

Study flags poor quality working conditions for remote gig workers

An Oxford University study of remote gig economy work conducted on digital platforms has highlighted poor quality working conditions with implications for employees’ well-being. The research comes at a time when political scrutiny is increasingly falling on algorithmically controlled platforms and their societal impacts. Policymakers are also paying greater attention

Deliveroo’s ‘flexible’ labor model likened to 20th century dockyards

A report into the pay and conditions for riders delivering food for gig economy platform Deliveroo has urged the company to commit to offering a form of worker status to those riders who form the backbone of its workforce, arguing that the current reality is a dual labour market —

Glovo gets $134M to beef up its on-demand delivery business

Spanish startup Glovo, whose platform lets app users summon a gig economy worker to shop on their behalf, be it for a takeaway burger or a multi-bag supermarket shop, has bagged a €115 million (~$134M) Series C round of funding. The lead investors are Rakuten, Seaya and Cathay, which had

Amazon latest to face UK complaint over ‘bogus self-employment’

Amazon is the latest tech giant to be targeted by a legal challenge in the UK related to gig economy working practices. The UK’s GMB Union is filing suit on behalf of couriers for three delivery companies used by Amazon — accusing the suppliers of making bogus claims that the delivery drivers

Deliveroo employees are getting shares, riders are getting nothing

Food delivery startup Deliveroo is feeling generous today. The company is handing out equity to all full-time staff members. In other words, 2,000 employees are going to receive the equivalent of $13.5 million in Deliveroo shares. “Our phenomenal growth and success has been made possible thanks to the hard work,

MIT to revisit ride-sharing study after Uber rebuttal

The lead academic behind an MIT CEEPR research paper which casts doubt on the sustainability of driving for Uber or Lyft has accepted Uber’s criticism of how driver income data was gathered and said he will revise the research using more generous income calculations. “Uber’s Chief Economist Jonathan Hall wrote

MIT study shows how much driving for Uber or Lyft sucks

Ride-hailing giants Uber and Lyft are delivering pitiful levels of take-home pay to the hundreds of thousands of US independent contractors providing their own vehicles and driving skills to deliver the core service, according to an MIT CEEPR study examining the economics of the two app platforms. The report catalyses the

UK outs plan to bolster gig economy workers rights

The UK government has announced a package of labor market reforms to respond to changes in working patterns including those driven by the rise of gig economy platforms and apps like Uber and Deliveroo. It’s billing the move as an expansion of workers rights — saying “millions” of workers will