Debroop Roy

The Gurugram-based company said the fresh funds will be used to double down on investments across technology, customer and crew safety and sanitisation as well as expansion plans across geographies.

With yet another investment, this time from the Abu Dhabi Investment Authority, the digital unit of Mukesh Ambani-led Reliance Industries has now raised INR 97,885 crore in less than seven weeks.

In Friday's statement, the company said that WeWork India was already profitable and played an important role in the global scheme of business.

Bengaluru-based FreshToHome is a start-up that has presence across the seafood and meat supply chain, right from directly procuring from the fishermen and farmers, to last-mile delivery for the end consumer.

Tesseract is a MIT Media Lab spin-off that creates products in the augmented and virtual reality space. Last year, Reliance Industries acquired a majority stake in the company.

The success of the rights issue also comes at a time of increasing uncertainty for most businesses in India who have been hurt by the Coronavirus outbreak-enforced lockdown.

The Mumbai-based company is backed by Bain Capital Ventures and Polychain Capital, and claims it saw a 10x increase in user signups, and a 47 per cent growth in trading volumes in the first quarter of this year.

Bengaluru-based Yellow Messenger offers an always-on, intelligent conversational automation on text and voice across multiple channels such as WhatsApp, Google Assistant and Alexa.

Bengaluru-based Jumbotail offers a one-stop shop for small retail stores.

Mumbai-based Qure.ai has a software that scans a chest X-Ray in about a minute and provides details about whether a patient was getting better as a result of the treatments administered.

The start-up is eyeing different geographies as well as different market segments as they believe India still lags behind when it comes to securing the digital space.

The Bengaluru-based start-up offers an online consultation platform and has seen teleconsultations grow 5-6 times in the last few weeks owing to the Coronavirus outbreak.

Bengaluru-based Integration Wizards Solutions started with enterprise mobility, creating a platform that would allow for seamless communication across devices. While the computer vision solution is their latest offering, the platform has also incorporated industrial IoT and mobile device management over time.

ZunRoof, a four-year-old start-up, is backed by the family office of conglomerate Godrej and already has presence in over 75 cities across 12 states in the country.

The investment will further boost the company's efforts to increase cryptocurrency adoption in India.

According to a survey conducted by community platform LocalCircles, 74 per cent respondents said they will not be visiting their favourite restaurant in the next 30 days even if it was open.

Named iSeed, the fund is anchored by the famed Naval Ravikant, founder of US-based AngelList. The fund's backers have started or invested in 24 unicorns worth over $200 billion.

The company has operations across sectors including organized retail, fast moving consumer goods and e-commerce, and counts the likes of Amazon, Flipkart, Coca-Cola and Delhivery among its clients.

The cloud kitchens operator, which runs popular brands such as Faasos, Ovenstory and Behrouz, said it was not laying off any employees and would take this time to focus on "spring cleaning".

According to a survey by LocalCircles, 81 per cent respondents supported lockdown relaxations with social distancing norms at offices, shops, and other places after May 17 in red zone districts, except the ones which have a high virus load.

There will be a fourth phase of lockdown starting May 18, which will be done in consultation with respective state governments.

Apart from being used to fuel the company's product development by hiring top talent across data science and engineering domains, the fresh funds will also be utilized for new initiatives including international expansion.

As per a report released by app insights tracker Sensor Tower, the Zoom app saw close to 131 million installs worldwide in April 2020, a staggering 60 per cent growth compared to the same period a year earlier.

According to a survey by HackerEarth, 70 per cent of developers said that fewer meetings would help them achieve 100 per cent productivity at work.

As an extended lockdown due to the Coronavirus outbreak keeps people from resuming regular activity, and the country's healthcare system faces an unprecedented crisis, digital healthcare is fast becoming an option for many.

The fresh funds will be used for the company's global expansion into Southeast Asia and the United States, as well as for research and development to further enhance its platform.

The fresh funds will be used to grow the company's user base over the next year and further capitalize on its upcoming e-sports and gaming content.

Named 'Bharatemarket', it would be in collaboration with several technology partners and with initial handholding of the Department of Industry and Internal Trade.

It would be in partnership with local grocery stores and made available via delivery platforms including Zomato, Swiggy and Dunzo in Bengaluru, Mumbai, Delhi-NCR, Ahmedabad, Chennai and Pune.

In the first virtual conference on Edtech by the Indian Education Congress, several stakeholders from within the industry came together to discuss and dissect the finer nuances of what the crisis has changed for both enterprises and consumers, and why things would never be the same again.