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#StartupsVsCovid19: Unicorns, Tech Startups Find New Ways To Keep Business Going

Lockdown Day 2: Unicorns, Tech Startup Find Ways To Keep Work Going

With the nationwide lockdown coming into effect within hours of Prime Minister Narendra Modi’s announcement, pretty much everything was disrupted and most businesses had to deal with the new reality of not being able to function normally. After enforcing a strict lockdown for 21 days, the government is now busy formulating the framework for how essential services and other needs will be fulfilled. While on Day 1, the challenge was to get things up and running in the first place, the second day of the lockdown brought in some relief for the marginalised sections of the population.

The focus shifted towards the grievances for the vulnerable segments — daily wagers, elderly, farmers, women and more.

Meanwhile, global giants and Indian startups are on their toes with several updates, new operational processes, and announcements to ensure that delivery of services is unhindered. With up to 84% senior management professionals saying that Covid-19 has had a large or moderate impact on their businesses in a YouGov survey, this is the toughest time for many businesses.

PM Modi Addresses G20 Summit Virtually

India Prime Minister Narendra Modi addressed the G20 virtual summit at 6:30 PM on March 26 to discuss the issues related to coronavirus. Here are some of the things highlighted by the PM Modi.

Indian Unicorns Lend A Helping Hand

Indian unicorns are coming forward to lend a helping hand to support the nation through the dark times of the pandemic.

At the same time, even though OYO has offered its spaces as quarantine centres, the company says that the restrictions have impacted its revenues, operations and cash flows ‘significantly’. As a result, the company has told its partner hotels that there may be possible disruptions in its payment cycles.

How Are Indian Startups Ensuring Continuous Services?

Global Players Join In To Help

E-Passes, Telemedicine Guidelines And More

As most businesses have downed their shutters, the Indian gig economy, who survives on daily wages, is expected to be hit the hardest. To enable smooth operations here’s what government is doing:

Delhi government also announced that it will allow establishments that provide essential items or are a part of the supply chain to be operational for 24×7. The Delhi government is hoping that this will avoid overcrowding during the day.

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