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India chalks out virus war plan as clusters threaten to spill over

The containment strategy would contain the disease within a defined geographic area by early detection.

Chiratae Ventures

05 April, 2020, 02:31 AM IST

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CHIRATAE VENTURES

E-tail to take $1 billion hit in lockdown

Even before the outbreak of the coronavirus, overall consumer spending was muted owing to broader economic challenges. But the virus spreading at this pace brought online commerce to a screeching halt.

Curefit scoops up Rs 832 crore in fresh round led by Temasek

The new financing round has also seen the entry of two new investors into the co...

VCs and startup CEOs join hands to launch Covid-19-focussed Grant

The Action Covid Team Grants, which is possibly a first-of-its-kind initiat...

  • ​​Fund-II, which has a target corpus of Rs 400 crore, has been backed by a number of family offices and investors from the firm’s maiden Rs 100 crore fund.

    While governments race to suppress the spread of Covid-19 by restricting travel and discouraging meetups, startup founders are pressing ahead.

    The deal will see Urban Company foray into the home-based beauty services segment in Australia

    The four-year-old company will use the proceeds to add various banking and financial products on the platform, which can be accessed by its last-mile customers.

    The packaging supply chain is at a standstill as India has halted imports from China — a major hub for plastics — and as local manufacturers struggle with permissions to operate under a lockdown, various executives told.

    Bizongo provides end-to-end automated packaging solutions for companies operating across sectors, such as fast-moving consumer goods, hospitality, food and beverage, retail, ecommerce and industrial logistics, using its proprietary software products Design Square, Artwork Flow and Procure Live.

    India is witnessing a continued surge in the number of digital transactions and many enterprises, banks and financial institutions are finding it difficult to keep track of the money flowing across the organization, according to the startup.

    While business models differ across startups, a slew of real estate companies are offering solutions for student housing to residential living as buying trends are rapidly moving to asset-light “sharing economy” from ownership.

    The investment major, which also has a deep focus on secondary transactions, also runs Schroder Adveq Asia, which largely looks to invest in China and India, with, and alongside managers that cover a broad range of sectors such as consumer business services, technology and healthcare.

    Deal sentiment has taken a knock over the last few weeks after India imposed a nationwide 21-day lockdown to control the spread of the virus.

    Angels including VMWare India MD Ramkumar Narayan, Alok Mittal, CEO of Indifi, and Saikiran Krishnamurthy of xto10x Ventures also participated in the round.

    Fund IIA was raised in parallel to Blume's new $102 million-Fund III announced last week.

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