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How The Tech Industry Is Coming Together To Fight The Coronavirus Pandemic
We live in a time when technology has taken over the world. No matter what the problem, there is always a startup or a tech giant coming up with a solution. There is no doubt that technology has elevated the quality of life across the globe and has increased life expectancy all over the world. However, we are currently living in an extraordinary time when the entire world and stock markets are being brought to its knees due to a virus of the physical kind. The virus which originated in the Wuhan province in China, has quickly spread like wildfire across the globe due to its exponential growth and transmission rates. World governments are enforcing quarantine measures in order to combat the spread of the virus. As quarantine measures are taking effect, corporations and businesses have come up with innovative ideas to ensure their work stays on track and have implemented work from home options.
The unforeseen threat of the Novel Coronavirus crippled the stock markets around the world so much so that it is being compared to the great economic depression that shook the world in the 1930’s. However technology companies are coming together to offer whatever assistance they can to help combat the Coronavirus.
Microsoft:
Microsoft has always prided itself on being one of the largest technology companies in the world for more than two decades. Microsoft was always on the forefront of innovation and Bill Gates visionary leadership was a vital contributor for its growth. In these testing times Microsoft’s communication application Team has seen a huge surge in its usage. The chat and conferencing app gained more than 12 million daily users in one week as more people worked from home during the coronavirus outbreak. Microsoft understood that healthcare providers and hospitals are under extreme stress and therefore rolled out several features designed to help with telemedicine and employees working from home, such as a bookings application for Teams to help hospitals manage virtual appointments.
Facebook:
Facebook is a social networking platform which boasts of having a whopping 2.36 billion active users on its platform. This makes it a very powerful tool to communicate and spread information quickly. However, this also means a lot of misinformation and myths can be spread as well. Facebook usually has a team of moderators verifying information going online on its platform and checking to see if the information meets their community guidelines. In these testing times, misinformation is spreading at an alarming rate and therefore Facebook is considering the usage of Artificial Intelligence to do the job of a moderator in order to combat wrong information being spread about the Coronavirus.
Twitter:
Microblogging platform Twitter is one of the quickest ways to search for information online from all over the world. A verified Twitter user tagged Jack Dorsey and asked him why popular and esteemed epidemiologists, contagion experts and virologists do not have a verified account which is indicated by a blue tick on their profiles. Paul Graham, the cofounder of Y Combinator retweeted the original post and asked Jack why Twitter is not verifying the accounts of contagion experts as their expertise is the need of the hour. Jack Dorsey was quick to acknowledge Paul Graham’s tweet and has called for users to help Twitter in identifying public health experts.
Come on @jack, it’s not like we’re asking for an edit button or something. All we want is some medical experts to get blue checks. It will take you guys 5 minutes. https://t.co/SP1R634jxf
— Paul Graham (@paulg) March 20, 2020
Help us verify public health experts https://t.co/5HzruGBCKi
— jack 🌍🌏🌎 (@jack) March 21, 2020
Alibaba:
Alibaba’s founder Jack Ma has pledged an extraordinary amount of resources to help the world out in this crisis. Jack Ma donated face masks, safety suits and virus testing kits to Japan, Iran and Italy. Italy and Iran in particular have seen the highest cases of Coronavirus outside of China. In the latest update, Jack Ma pledged more support to some of the poorest countries in Asia.
Go Asia! We will donate emergency supplies (1.8M masks, 210K test kits, 36K protective suits, plus ventilators & thermometers) to Afghanistan, Bangladesh, Cambodia, Laos, Maldives, Mongolia, Myanmar, Nepal, Pakistan & Sri Lanka. Delivering fast is not easy, but we’ll get it done!
— Jack Ma (@JackMa) March 21, 2020
In this time of crisis, it is heartwarming to see businesses putting profits aside for the moment and instead focus their efforts on helping humanity as a whole. As the whole Coronavirus pandemic sees its course, there will no doubt be countless stories of humanity winning all over the world.
Home services startup Pronto is in advanced talks to raise about $25 million at a near-$100 million valuation, underscoring strong investor confidence in India’s fast-growing 10-minute home services market. This potential round would be the company’s third major funding milestone after its $2 million seed and $11 million Series A in 2025, backed by marquee investors such as General Catalyst, Glade Brook Capital, Bain Capital and new participant Epiq Capital. The fresh capital is expected to further strengthen Pronto’s positioning as a leading tech-led household help platform for urban consumers.
Pronto operates a 10-minute on-demand home-services platform that connects users with trained, background-verified workers for everyday tasks like sweeping, mopping, utensil cleaning, laundry and basic cooking. Using a hub-and-spoke, shift-based model, the startup stations workers at hyperlocal hubs, enabling sub-10-minute fulfilment and more predictable earnings compared to the informal domestic-help market. Founded in 2024 by Anjali Sardana and based in Delhi NCR, Pronto has already expanded from Gurugram into major cities such as New Delhi, Mumbai, Bengaluru and Pune, and is handling around 6,000 daily bookings with nearly 1,300 active professionals as of December 2025.
The upcoming $25 million fundraise is expected to be used to enter more metros, deepen presence in existing neighbourhoods with additional hubs and upgrade Pronto’s technology for smarter routing, shift planning and real-time operations. A significant portion of the capital will also go into training, retention and benefits for its workforce to maintain consistent service quality at scale, especially as competition heats up from rivals like Snabbit and Urban Company in the rapid home services space. This near-$100 million valuation not only validates Pronto’s model but also highlights a broader shift toward organised, tech-driven domestic-help solutions in India’s largely informal home-services market.
Bhavish Aggarwal has sold Ola Electric shares worth about ₹325 crore over three consecutive trading sessions, primarily to fully repay a promoter-level loan of ₹260 crore and release all pledged promoter shares. Despite the stake sale, he continues to hold a significant shareholding of over 34 percent in Ola Electric, and the company has clearly stated that there is no change in promoter control or his long-term commitment to the business. This one-time, limited monetisation at the promoter’s personal level is positioned as a structural clean-up rather than a signal of reduced confidence in the company.
The transactions, executed through open-market bulk deals, included an initial sale of about 2.6 crore shares worth roughly ₹92 crore at an average price of ₹34.99 per share, followed by additional trades of around ₹142 crore and ₹90 crore, taking the total sale value to approximately ₹324–325 crore. As a result, Aggarwal’s stake has fallen by a little over 2 percent, while all previously pledged promoter shares about 3.93 percent of Ola Electric’s equity are being released, removing the overhang and risk typically associated with pledged stock. The company has also clarified that these deals do not involve any capital raise or dilution by Ola Electric itself, which is important for investors tracking promoter stake and governance.
The share sale came at a time when Ola Electric’s stock had been under pressure, even hitting an all-time closing low amid concerns around growth, competition and heavy promoter selling. However, once the company confirmed that the stake sale was complete and all promoter-level pledges would be cleared, the stock rebounded sharply, gaining around 9–10 percent as markets welcomed the removal of this technical overhang. For investors, the focus is now expected to shift back to Ola Electric’s core fundamentals EV sales growth, margins, and market-share performance in India’s two-wheeler EV segment while the reduced promoter debt risk and continued high promoter holding offer some comfort on long-term alignment.
Kuku FM’s parent company, Mebigo Labs, has hired leading investment banks to prepare for a 200 million dollar IPO in India, marking a major milestone for the country’s digital audio ecosystem. The Mumbai-based company has reportedly appointed Kotak Mahindra Capital, Axis Bank and Morgan Stanley’s India unit to manage the proposed share sale, which is likely to be launched on Indian stock exchanges once key regulatory steps are completed. This move signals strong intent to tap public markets and test investor appetite for subscription-led regional audio platforms in India.
The planned IPO proceeds are expected to help Kuku FM expand its content library, strengthen its regional language offerings and invest in technology to enhance user experience. With a focus on Hindi, Marathi, Tamil and other Indian languages, Kuku FM aims to capture the fast-growing audience in Tier 2 and Tier 3 cities seeking affordable audiobooks, courses and storytelling content. The funds could also provide additional firepower for marketing, partnerships and product innovation, helping the platform compete more aggressively in India’s crowded digital entertainment and creator economy landscape.
Founded in 2018, Kuku FM has built a subscription-driven business model and has reportedly scaled to millions of paying users, backed by multiple funding rounds from prominent investors. Its decision to pursue a 200 million dollar IPO positions it as one of the first major Indian audio platforms to attempt a public listing, potentially paving the way for other podcast and niche content startups to follow. As the IPO process moves forward, Kuku FM’s performance in the public markets will be closely watched as a key indicator of how investors value regional, knowledge-first audio platforms in India’s booming digital economy.
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