Staying safe from Covid-19 pandemic led to fast recovery in online biz

Revival in air travel, hotels, ride-sharing taking longer than expected

It’s been a mixed bag for the business performance of internet verticals across segments, with some managing to exceed pre-pandemic revenues and the rest failing to recover to earlier levels.
 

Education technology, grocery, fashion, food delivery and UPI payments surpassed volumes or revenues of February, in the September-October period. However, ride-sharing, classifieds, lending, airlines, and hotels were yet to show recovery to pre-Covid levels, according to a Goldman Sachs analysis.
 

In many sectors, these developments have hastened consolidation. A few big players control the market with their substantial market share.
 

Online travel portals have been particularly hit hard. Volumes and