Indian startups to the rescue during coronavirus outbreak
In India, several states announced the closure of educational institutions, malls, multiplexes. Also, companies asked employees to work from home. And amidst all this, Indian startups seem to have risen to the occasion.
Last week, Sequoia Capital warned its portfolio companies about the possible impact of the coronavirus on businesses. This week, we saw that impact unfold in real-time.
Markets all over the world crashed, hundreds of billions of dollars lost, global events were cancelled, countries went on lockdown, and more.
In India, several states announced the closure of educational institutions, malls, multiplexes. Also, companies asked employees to work from home. And amidst all this, Indian startups seem to have risen to the occasion.
Foodtech unicorns Swiggy and Zomato announced 'contactless' food deliveries to combat the novel coronavirus. Then, edtech startups like BYJU’S, Vedantu, and Toppr stepped in to make sure that students can continue to study from the safety of their homes.
Last but not least, while CureFit had to shut down its centres, it increased the number of online sessions on its app so that users could continue to workout at home.
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Quote of the week:
Today’s generation looks at problems deeper and wants to solve them and cares about them. They are looking to solve tough problems.
– Sanjay Nath, Co-founder and Managing Partner of Blume Ventures
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