The Coronavirus is easily the most prominent factor impacting the Indian startup domain at the
moment. Every Coronavirus Indian lockdown update is focusing on how the economy will get affected. It is especially the case now that the Prime Minister has extended the
lockdown date until the 3rd of May 2020. In light of this fact, let’s look at how startup
businesses are faring in this environment:
See Also : 10 Major RBI Announcements in Response to Coronavirus Outbreak in India
5 Latest Startup Coronavirus India Lockdown Updates
1. Gaming Startups Are Booming
Mobile gaming has been growing in the Indian market for some time now. With the
COVID-19 lockdown, the demand for games, and user engagement have increased
manifold. That is why this is a golden time to grow their audience and earn big money.
According to a study, the highest percentage of gamers are from the age groups of 18 to
35 years. The most popular games include carrom, ludo, royal battle, etc.
2. Retail Logistics Are Faring Well
Perhaps the most positive of all Coronavirus Indian lockdown updates is the efficacy of
delivery services. At least in metropolitan areas, daily needs are being supplied regularly
and reliably. It has allowed startups in this domain to liaise with larger names and
provide critical support to their operations. The most positive of these have been in Manipur,
where companies are benefiting from the market conditions.
See Also : Top 3 Indian Startup Developments In Response to the Coronavirus
3. Online Medical Consultations Are Growing
Using online media to get consultations has not been the most easily taken up aspect of
video-based services. However, with the COVID-19 lockdown underway, online medical
consultations are on the rise. It is particularly true for the veterinary market where pets
are getting online consultations. Bangalore’s startup, Floap, is a perfect example of this
startup domain. They will also include nutritionists, behaviorists, and other specialists for
pets in their dedicated app soon.
4. Assam’s Automovill Innovates Mobile Sanitation
Automovill offers a very positive Coronavirus Indian lockdown update since it plies in the
government machinery market. This company has been cleaning government vehicles, and
business is booming. With the COVID-19 threat reducing government operability
significantly, the sanitization of vehicles takes great importance. That is why the company is
registering favorable economics
5. Online Conferencing Apps Rise
With business unable to use office spaces, conducting operations has become an entirely
online phenomenon. So, TiE NCR has taken up the effort and began using video
conferencing software to conduct its meetings. One such online event titled ‘Lockdown
challenges for startups – navigating the COVID 19 crisis’ focussed on startups and means
by which they can mitigate the economic effect of the lockdown.
In Conclusion:
While there are many industries in India suffering from the lockdown, the Coronavirus
India’s lockdown updates are not all bad. The above are just a few of the several sectors
where startups are innovating and dealing with the lockdown effectively. This adaptability is
a hallmark for astute business sense and something to emulate for all startups in India.
See Also: 4 Ways Coronavirus Could Impact the Indian Startup Ecosystem
