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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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Blissclub Raises INR 33 Crore in Fresh Funding Months After Layoffs

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Blissclub, the women-centric D2C apparel brand, has raised INR 33 crore in a Pre-Series B funding round led by Elevation Capital, with Eight Roads Ventures also participating. This funding comes just three months after the company laid off 18% of its workforce-about 21 employees from creative, sales, marketing, growth, and product teams-due to high cash burn and challenges in securing new capital.

The latest investment was made through the allotment of 16,076 compulsory convertible preference shares (CCPS) at a premium of INR 20,428 each. Elevation Capital invested INR 19 crore, securing a 24.5% stake, while Eight Roads Ventures contributed INR 14 crore, raising its stake to 15.79%. The capital will be used for working capital, capital expenditure, and general corporate purposes.

Founded in 2020 by Minu Margeret, Blissclub started as an online activewear brand for women and has since diversified its product range and established offline stores. Despite recent restructuring, the company’s revenue grew 27% to INR 86.9 crore in FY24 from INR 68.3 crore in FY23, though net losses also increased to INR 43.9 crore.

Blissclub’s successful fundraising, despite recent layoffs, underscores both the ongoing challenges and the resilience of India’s D2C startup sector in a difficult funding environment.

 

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Apple to Shift Entire US iPhone Assembly to India by 2026

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Apple is set to relocate all assembly of iPhones destined for the US market from China to India by the end of 2026, marking its biggest manufacturing shift in decades. The move is driven by escalating US-China trade tensions and steep tariffs—up to 145% on Chinese imports—making Chinese assembly increasingly costly for Apple. Although some smartphone imports are temporarily exempt, a 20% duty still applies to Chinese-made iPhones entering the US.

 

India, in contrast, offers a more favorable trade environment, with a paused 26% reciprocal tariff and ongoing negotiations for a bilateral trade deal with the US that could shield Indian exports from future levies. Apple plans to more than double its current iPhone output in India, aiming to assemble over 60 million units annually for the US market. The company already produces about 25% of its global iPhones in India, working with partners like Foxconn, Tata Electronics, and Pegatron.

 

This shift is part of Apple’s broader strategy to diversify its supply chain and reduce reliance on China amid geopolitical risks. However, the transition’s success will depend on how quickly India can scale up its manufacturing capabilities and the outcome of ongoing trade negotiations.


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PhonePe’s PINCODE Launches 10-Minute Medicine Delivery in Cities

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PhonePe’s PINCODE app has launched a 24×7 online medicine delivery service in Bangalore, Mumbai, and Pune, promising delivery of both prescription and over-the-counter medicines within 10 minutes from nearby local medical shops. Unlike conventional e-pharmacies that use dark stores, PINCODE partners exclusively with neighborhood pharmacies, enabling faster deliveries and supporting local businesses in the digital economy.

Customers without prescriptions can select a “no prescription” option when ordering; a qualified doctor then provides a free teleconsultation and issues a digital prescription compliant with telemedicine guidelines, ensuring seamless access to medicines. The app offers competitive pricing by passing discounts from local pharmacies directly to customers and charges no delivery fees.

PINCODE’s hyperlocal model enhances healthcare accessibility and convenience while empowering local pharmacies, helping them remain integral to their communities and stimulating local economic growth. Launched in 2023, the app focuses on quick commerce with an emphasis on speed, reliability, and supporting local sellers.

In summary, PhonePe’s PINCODE app is transforming medicine delivery in major Indian cities by combining ultra-fast 10-minute delivery, free doctor consultations, and a hyperlocal sourcing model that benefits both consumers and neighborhood pharmacies.

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