Latest Startup News India
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Startup news India |
1. PhonePe launches Corona Care Insurance for Rs 156
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PHONEPE |
PhonePe announced an insurance policy Corona Care in
collaboration with Bajaj Allianz General Insurance for those who have been
infected & hospitalised for covid-19 treatment.
Priced at Rs 156, policy will provide an insurance cover of
Rs 50,000 for people who are under 55 years of age and will be valid at any
hospital that is offering treatment for covid-19, will also take care of one
month's expenses on pre-hospitalization & post-care medical treatment.
2.Reliance Invests $10 Mn In JioSaavn As It Plans To Go Public
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JIO SAAVN |
Reliance invests $10 million in JioSaavn as it all set to go
public as per filings of the company’s special resolutions.
In a meeting, the board of JioSaavn approved the plan for
the company to convert into a public company as it says, “Considering the
overall business objectives and future plans of the Company, it is proposed to
convert the company from Private Company to Public Company and to change the
name from Saavn Media Private Limited to Saavn Media Limited.”
3.Tencent & others invested Rs 264 Cr in Swiggy pushes deeper for grocery deliveries
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SWIGGY |
Swiggy raised Rs 264 Cr in Series I led by Tencent, Ark
Impact Investments, Korea Investment Partners & MACM India Growth Fund.
Swiggy noted a 5X hike in losses, to Rs 2363 Cr from Rs 397
Cr, where reported total revenue of Rs 1292 Cr with a total expense of INR
3637.6 Cr.
4. Uber Launches UberMedic in India to support healthcare
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UBER |
Uber launched a new service UberMedic to provide
transportation support to frontline healthcare providers, will allow healthcare
providers to book a cab, to and from their homes, healthcare centres and other
medical facilities.
Uber has also allocated its top-rated drivers &
dedicated cars, has assured that the drivers are well-trained in Covid-19
safety protocols & will be given phone support as well.
Partner hospitals will also provide personal protective
equipment (PPE) to drivers, which would include hand sanitisers, gloves,
disinfectant sprays and face masks.
Uber asked healthcare institutions to reach out to them on
0804685 2190 or uberIndia-covid-help@uber.com in case they want to opt for the
UberMedic services
5.Google commits $6.5 Mn to fight misinformation
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To curb the spread of misinformation swirling around the
COVID-19 pandemic, Google has announced $6.5 million in funding to support
fact-checkers and health authorities to counter.
The fund will come out of the Google News Initiative, which
works with journalists and publishers globally to fight misinformation.
6 .Halaplay Raises Funds From Nazara, Others To Mitigate IPL
Delay Impact
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HALAPLAY |
Halaplay raised Rs 2.94 Cr from Gaussian Networks &
Nazara Technologies. While Nazara has invested INR 1.74 Cr, Gaussian Networks
invested Rs 1.19 Cr
HalaPlay is an online platform which mainly caters to
Cricket, Football and Kabaddi fans.
The platform is known for providing a real-time gaming
platform which tries to increase sports fan engagement and also improve its
viewership by making games interesting for its users with features like
commentary.
llows users to create a team, enter leagues and win cash
prizes.
7. Curefit Launches Telemedicine Services Under Care.fit Vertical
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CUREFIT |
Healthtech startup Curefit added a new component Care.fit
Telemedicine services, Care.fit is essentially a state of the art clinic with
diagnostic and pharmacy centre.
The company provides both online as well as offline
consultation facility along with full-body checkup and personalized health
plans for multiple specialities like gynaecology, orthopaedics, ENT,
dermatology, dental and more.
Claims that it offers digital prescriptions and medical
records, it is also offering free follow up with doctors for 8 days and
unlimited message access to the doctor.
Care.fit is looking to work with accredited partners to
offer Covid-19 testing at its centres and home for consumers soon.
8. Disney+ finally launches in India after a month’s delay
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DISNEY HOTSTAR |
After delaying the planned launch for a month, Disney-owned
Hotstar has launched its Disney+ video streaming service in India, will bring
Disney+‘s catalog of movies and shows such as Lion King, Iron Man, and The
Mandalorian for a premium subscription of Rs 1,499 a year.
The premium package will give you access to ad-free live
sports streaming, and original and licensed shows from Hostar, Disney, Fox,
HBO, and Showtime. If you have an active Hotstar premium subscription, you
won’t have to pay any extra amount to access Disney’s content till your plan
expires.
9. YouTube ‘Shorts’ is Google’s answer to TikTok, says report
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YOUTUBE |
YouTube is looking to reclaim some of those creators who
left Youtube or shifted to TikTok, by launching its own TikTok rival feature
called ‘Shorts.’
Shorts will live within the regular YouTube app and will
include “a feed of brief videos posted by users.” Thanks to the company’s
stockpile of licensed music, users will be able to use these as backing tracks
for their videos, potentially giving YouTube an edge over its competitor.
If YouTube wants to stop TikTok‘s momentum, this is the best
time to launch, now that people are stuck at home and don’t have much better to
do with their time
10. Zomato launches gold support fund to support restaurant workers
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ZOMATO |
Zomato launched a fund to help restaurants industry and its
workers overcome the impact of the COVID-19 pandemic
All proceeds from the purchase of its gold annual
memberships in April will go to restaurant workers including housekeepers,
cooks and servers via its ‘Gold Support Fund’. And users who purchase their
gold annual subscription during April will get a 2-year membership (instead of
a year) at no additional cost, said Zomato in a statement.
Zomato also offered to facilitate working capital loans for
its partner restaurants to help them during this slowdown. Its employees would
be taking voluntary pay cuts to conserve cash and donate for its delivery
partner fund as well as the ‘Feed the Daily Wager’ campaign.
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