InsurTech
PhonePe Brings Corona Care Insurance For INR 156

Corona Care will provide a cover of up to INR 50K for those hospitalised or who have tested positive. PhonePe entered the insurance segment back in 2019 with Bajaj Allianz General Insurance and has noted a 20% hike in its health insurance and life insurance policy sales


Inc42
 
Music
Spotify Brings Full Music Library To India After Signing Licensing Deals
Spotify has signed a licensing agreement with Warner Chappell. Songs from artists like Cardi B, Bruno Mars, Ed Sheeran, Coldplay are now on Spotify India

Inc42
 
HealthTech
Healthtech startups Dozee, Qure.ai, Log 9, MyLab step up efforts to fight Covid-19

These companies are stepping up their go-to-market and production efforts in a bid to offer solutions to treat Covid-19 patients at scale. These solutions range from prevention mechanisms and testing to monitoring and manufacturing medical equipment.

Economictimes

Saas
Zoom grapples with security flaws that sour users on app

The company has become wildly popular, reaching more than 200 million daily meeting participants in March. But it has also drawn increased scrutiny from cybersecurity and privacy experts.

Economictimes

Co-Working
SoftBank backs out of USD 3B WeWork tender offer

SoftBank is abandoning its commitment to spend US3 billion to acquire WeWork stock from the co-working operator’s former CEO Adam Neumann and other shareholders.
 
COVID-19
Startups Choose Layoffs To Keep Businesses Running
Shuttl said it has laid off 40 employeesWith the travel industry hit due to coronavirus, MakeMyTrip and Cleartrip have laid-off employeesData by BigJobs shows that VC-funded startups are the ones doing most of the layoffs