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BENGALURU : Consumer internet startups in hospitality, co-living and urban mobility are struggling to keep up with minimum business guarantee (MBG) payments to their vendors and suppliers—essentially property and vehicle owners—forcing them to suspend or tweak contracts.More than four months of lockdown has sharply affected demand, with the hospitality and mobility segments taking the biggest hit in revenues.Property owners who leased their homes and hotels to Oyo and NestAway were in for a shock when the latter invoked force majeure to suspend all minimum guarantees by April.

Mobility startups, including Drivezy and Zoomcar, have also stopped paying vehicle vendors since March, forcing vehicle owners to move courts and file police.

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work from home (WFH) to a large number of employees, people are now looking for spacious houses. A joint survey on consumer sentiment by real estate portal Housing.com and self-regulatory body National Real Estate Development Council (Naredco) indicated that over 40% of buyers are looking to upgrade their homes and there is a drop in the demand for one-bedroom houses.
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COVID-19
United States
United States
Cases: 46 252 513
Deaths: 750 423
Recovered: 0
India
India
Cases: 34 321 025
Deaths: 459 652
Recovered: 0
Brazil
Brazil
Cases: 21 835 785
Deaths: 608 235
Recovered: 0
United Kingdom
United Kingdom
Cases: 9 215 683
Deaths: 141 607
Recovered: 0
Russia
Russia
Cases: 8 494 589
Deaths: 237 619
Recovered: 0
Detail statistic
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Covid-19.rehab - the latest news concerning the spread of the SARS-CoV-2 coronavirus (formerly 2019-nCoV), as well as the infectious disease that it causes COVID-19, in separate countries and in the world as a whole. Current news on the topic of coronavirus SARS-CoV-2. Quarantine, pandemic 2020, epidemic: what is it, when will it come to end, precautions and how to protect yourself from this disease. The most honest news, no fakes! To keep up with the latest news, stay tuned for updates on the site! Every day we will collect news and statistics on coronavirus from around the world for you to be aware of this topic.

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