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How The Tech Industry Is Coming Together To Fight The Coronavirus Pandemic

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How The Tech Industry Is Coming Together To Fight The Coronavirus Pandemic,Startup Stories,Tech companies could face more pressure to share location,Tech Industry,Tech Industry Latest News,The Tech That Could Be Our Best Hope for Fighting COVID-19,The Biggest Business Impacts of 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.

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.  

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.  

 

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Piyush Anchliya Joins Cashfree Payments as CFO Amid Expansion in India’s Fintech Sector

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Cashfree Payment - StartupStories

Cashfree Payments has appointed Piyush Anchliya as its new Chief Financial Officer (CFO), effective April 15, 2025. Anchliya brings over 15 years of experience in investment banking, corporate finance, strategy, and mergers and acquisitions, with senior roles at Barclays, Bandhan Group, and most recently as CFO of Bandhan AMC. He holds an MBA from IIM Ahmedabad and a B.Tech. from IIT Kharagpur.

In his new role, Anchliya will lead Cashfree’s financial strategy, optimize operations, and support the company’s next growth phase. He will report to CEO and Co-founder Akash Sinha, who highlighted Anchliya’s expertise as vital for sustainable scaling and strengthening the company’s financial foundation. Anchliya succeeds outgoing CFO Vikas Guru, who will assist during the transition.

Founded in 2015, Cashfree Payments processes over $80 billion annually for more than 800,000 businesses. The company recently raised $53 million in funding led by KRAFTON and Apis Growth Fund II and secured key RBI licenses, positioning it for accelerated growth in India’s fintech sector. Anchliya’s appointment comes at a pivotal time as Cashfree aims to expand its leadership in digital payments.

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Flipkart’s Jeyandran Venugopal Likely to Join Reliance Retail as CEO

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Flipkart - StartupStories

Jeyandran Venugopal, the outgoing Chief Product and Technology Officer of Flipkart, is set to become the CEO of Reliance Retail Ventures (RRV), the retail arm of Reliance Industries. His appointment, expected to be finalized in May after his exit from Flipkart, signals Reliance’s push to strengthen its retail business with a technology-first approach.

Venugopal brings extensive experience from leading roles at Flipkart, Myntra, Yahoo, Snapdeal, and Amazon, where he focused on scaling technology platforms and driving innovation. At Flipkart, he managed product, engineering, data science, and more, helping build robust systems and improve user experience.

His move comes as Reliance Retail undergoes transformation, including cost-cutting and a renewed focus on digital growth. Venugopal’s leadership is expected to accelerate Reliance’s ambitions in omnichannel and tech-driven retail, positioning the company for continued dominance in India’s evolving market.

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Delhivery’s Acquisition of Ecom Express: A Major Consolidation in Indian Logistics

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Delhivery, one of India’s leading logistics companies, has announced its acquisition of Ecom Express in an all-cash deal valued at ₹1,407 crore. This strategic move marks one of the largest consolidations in the logistics sector and is expected to enhance Delhivery’s scale, profitability, and operational efficiency.

Background

Ecom Express, founded in 2012 and headquartered in Gurugram, has faced significant financial challenges recently. The company canceled its IPO plans in 2024 and laid off hundreds of employees due to operational setbacks, including losing a major client, Meesho, which shifted to its in-house logistics service Valmo. These struggles led to a distressed sale, with private equity investors like Warburg Pincus and Partners Group exiting their stakes entirely.

Strategic Benefits for Delhivery

  1. Enhanced Scale: The acquisition will strengthen Delhivery’s network reach and infrastructure, enabling better service delivery across India.
  2. Operational Synergies: Combining operations with Ecom Express will improve efficiency and reduce costs through economies of scale.
  3. Competitive Edge: With Ecom Express as a subsidiary, Delhivery solidifies its leadership position in the logistics space by offering broader coverage and faster services.

Challenges Addressed

The acquisition mitigates risks from Ecom Express’ financial struggles while addressing past disputes between the two companies over inflated shipment volumes reported by Ecom Express during IPO filings.

Future Outlook

The deal is expected to close within six months after regulatory approval from the Competition Commission of India (CCI). Post-acquisition, Ecom Express will operate as a subsidiary of Delhivery, unlocking new growth opportunities such as advanced logistics technology integration and expanded customer reach.

With ₹5,488 crore in cash reserves as of September 2024, Delhivery is well-positioned to finance this acquisition without compromising financial stability. This move underscores Delhivery’s commitment to innovation and efficiency in India’s rapidly evolving logistics landscape.

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