Startup Eco-System News
Globally, everyone is Impacted from
Coronavirus and Startups in India are also impacted to a great extent.
Some Startups get positive impact on their business and some gets
negative impact due to Coronavirus COVID-19. Below are the Startup News
for the month of Mar-2020-
Filmboard - This is a unique Startup which offers Marketplace facility to ad agencies, producers, directors, musicians, makeup artists, dancers, singers, etc. Revenue of this startup was increasing at the run rate of 20% per month but after Coronavirus, Filmboard calls increased by further 15%. Producers, directors and Ad Film Makers are now having more time at home to think and plan about future projects and this Startup is got benefited from this situation.
Big Basket - Big Basket claimed that there customer base is increased by 100% from Feb-20 to Mar-20. Average bill value also increased by 20% in last 15 days. Big Basket is planning to capture more customers with more tie ups and promotions. Company stopped accepting orders effecting from 25th Mar 2020 but resumed a day after on 26th Mar 2020. Further, company is now offering less discount as demand and requirement of company is increased to a great extent. It is because company now bearing more expense in sanitization of warehouse, increased delivery cost due to shortage of delivery boys, etc.
Grofers - Grofers customer base is increased by 40%. Average bill value of Grofers is increased by 35% in last 15 days. Company informed that higher demand of Sanitizer and Face Mask is observed in last 15 days however company put certain restrictions on maximum quantity that can be ordered by users. Apart from Sanitizer and Face Mask, company is not facing issue related to fill rate. Company stopped accepting orders effecting from 25th Mar 2020 but resumed a day after on 26th Mar 2020. Further, company is now offering less discount as compared to discount they are offering earlier, as demand and requirement of company is increased to a great extent. It is because company now bearing more expense in sanitization of warehouse, increased delivery cost due to shortage of delivery boys, etc.
Cure Fit - Cure fit startup have to stop there classes amid Coronavirus pandemic but company has find a way to reach their customer's home using newly launched platform "Cure Live". Customers of cure fit can now take classes at their home using the technology at "Cure Live" where trainers will give classes of Yoga, fitness, dance, etc. This is a great opportunity that company grabs as many and many people are now at home and can spare some time towards their fitness and exploring the world of yoga and meditation.
Ola - One of the biggest Aggregator company of India, Ola shuts their operation till 31st Mar 2020. It will get extended till 14th April 2020 as honorable PM Narendra Modi has put complete lock-down in country of 14 days. Company may inform further about the operation after 31st March.
Uber - Similar situation is for the aggregator Uber as company shuts the operation till 31st Mar amid Coronavirus Lock-down at country level.
Flipkart & Amazon - Flipkart & Amazon shut the operation on temporarily basis and will resume services at earliest as informed by companies. Both the companies are in the process of obtaining the E-passes which is required during lock-down in India. Flipkart is also working hard to deliver ongoing orders to their customers which are in process.
1mg - 1mg is operational but they are taking now 3 days in buffer to deliver the order. Earlier company used to deliver the orders in 2-3 days in normal circumstances but now company is taking 6-7 days in delivering the orders. This rise in delivery time is due to higher number orders and delay in stock reordering time.
Filmboard - This is a unique Startup which offers Marketplace facility to ad agencies, producers, directors, musicians, makeup artists, dancers, singers, etc. Revenue of this startup was increasing at the run rate of 20% per month but after Coronavirus, Filmboard calls increased by further 15%. Producers, directors and Ad Film Makers are now having more time at home to think and plan about future projects and this Startup is got benefited from this situation.
Big Basket - Big Basket claimed that there customer base is increased by 100% from Feb-20 to Mar-20. Average bill value also increased by 20% in last 15 days. Big Basket is planning to capture more customers with more tie ups and promotions. Company stopped accepting orders effecting from 25th Mar 2020 but resumed a day after on 26th Mar 2020. Further, company is now offering less discount as demand and requirement of company is increased to a great extent. It is because company now bearing more expense in sanitization of warehouse, increased delivery cost due to shortage of delivery boys, etc.
Grofers - Grofers customer base is increased by 40%. Average bill value of Grofers is increased by 35% in last 15 days. Company informed that higher demand of Sanitizer and Face Mask is observed in last 15 days however company put certain restrictions on maximum quantity that can be ordered by users. Apart from Sanitizer and Face Mask, company is not facing issue related to fill rate. Company stopped accepting orders effecting from 25th Mar 2020 but resumed a day after on 26th Mar 2020. Further, company is now offering less discount as compared to discount they are offering earlier, as demand and requirement of company is increased to a great extent. It is because company now bearing more expense in sanitization of warehouse, increased delivery cost due to shortage of delivery boys, etc.
Cure Fit - Cure fit startup have to stop there classes amid Coronavirus pandemic but company has find a way to reach their customer's home using newly launched platform "Cure Live". Customers of cure fit can now take classes at their home using the technology at "Cure Live" where trainers will give classes of Yoga, fitness, dance, etc. This is a great opportunity that company grabs as many and many people are now at home and can spare some time towards their fitness and exploring the world of yoga and meditation.
Ola - One of the biggest Aggregator company of India, Ola shuts their operation till 31st Mar 2020. It will get extended till 14th April 2020 as honorable PM Narendra Modi has put complete lock-down in country of 14 days. Company may inform further about the operation after 31st March.
Uber - Similar situation is for the aggregator Uber as company shuts the operation till 31st Mar amid Coronavirus Lock-down at country level.
Flipkart & Amazon - Flipkart & Amazon shut the operation on temporarily basis and will resume services at earliest as informed by companies. Both the companies are in the process of obtaining the E-passes which is required during lock-down in India. Flipkart is also working hard to deliver ongoing orders to their customers which are in process.
1mg - 1mg is operational but they are taking now 3 days in buffer to deliver the order. Earlier company used to deliver the orders in 2-3 days in normal circumstances but now company is taking 6-7 days in delivering the orders. This rise in delivery time is due to higher number orders and delay in stock reordering time.
There are many other Startups and matured companies which are impacted positively and negatively from Global Pandemic Coronavirus.
Stay at home, Stay safe with your family.
Happy Learning !!!
Happy Learning !!!
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