Startups are pummeled in the ‘great unwinding’
Startups have always been risky, designed to grow fast or die, but the coronavirus pandemic is turbocharging Silicon Valley’s natural selection and causing a shake-up so sudden it has defied comparison.
DPIIT, Startup India seek innovative solutions from startups to fight Covid-19 crisis
It said that the challenge is open to all startups, com...
From Flipkart to Uber, startups unite to deliver essentials
E-commerce firms sought help to move packages through Indian Railways' freight ne...
Startups demand liquidity lifeline to stay afloat amidst Covid-19 crisis
Startup industry writes to FM seeking loans free of interest or linked to tax, GST refunds
Nasscom seeks relief for technology startups for business continuity
Some of the important measures demanded from the government to help the startups include rental subsidy for workspaces used by start-ups which are regulated/owned/managed by government agencies; blanket suspension of all deadlines including tax payment deadlines and filing deadlines until at least four weeks post lifting of all city lockdown.
Coronavirus prompts layoffs at e-scooter startup Bird
Bird recently raised hundreds of millions of dollars from investors, but is slashing costs to ensure it has enough money to keep it running through next year, according to VanderZanden.
Services startups take steps to protect frontline employees
Home services startup Urban Company, formerly UrbanClap, has partnered with Srinidhi Foundation to set up a relief fund to support gig workers and independent contractors on its platform and their families over the next few months.
Amid lockdown, Bengaluru startup launches online medical consultation for pets
Floap will also launch online consultation with nutritionists, behaviourists, trainers, groomers and other pet care providers in the near future.
Startup executives launch Covidmaps to help users find essential products nearby
CovidMaps.in lists details around when a store is open, what items are available and how much, safety precautions being observed, crowding, wait-times to help people get their essentials in a safe way.
Edtech startup, upTop ties up with HR certification body
The certifications are awarded upon completion of competency exams that cover Human Resource Management (HRM) practices, policies, and principles.
DPIIT told to expedite funds for Covid-19 related startup ideas
Fund of Funds does not directly invest in startups but provides capital to Sebi-registered Alternative Investment Funds (AIFs) known as daughter funds, who in turn invest money in growing Indian startups through equity and equity-linked instruments.
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 initiative globally, has already received about 40% of its target corpus.
Cab aggregators startup, VAOO, fires four employees amid lockdown
The startup, which had reportedly raised $15 million from investors including Dev last year, offers free rides to users for watching targeted ads. It had claimed that some 15,000 cabs were registered with it.
Coronavirus: US aid excludes startups, entrenches big tech
The $2.2 trillion emergency relief will help many workers and businesses dealing with an unprecedented economic shutdown.
Covid19, the perfect storm for startups and investors
The challenging funding environment may lead to fewer entrepreneurs starting up this year but it’s important to remember that some of the greatest companies were founded during the recessions, be it Apple and Microsoft during the 1970’s recession or Airbnb during the global financial crisis of 2008-09.
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