Coronavirus Impact v10

Business In The
Times Of Coronavirus:
India And The World
Table of 55 Impact On Funding Activity In India
Impact On Startup Funding
Contents
Listed Companies In India
Fundraising In The Times Of Coronavirus
62 Fundraising In The Times Of Coronavirus
03 Scope Of The Report

69 China: An Analysis
04 Introduction To The Report

77 Trends Observed
05 Executive Summary Online MICE & Development Of Remote

Workplace Operations
Increased Adoption Of Enterprisetech In India

06 Coronavirus: A Global Pandemic
Adoption Of Mandatory Sick Leave Policy
12 Impact On Global Economy

79 Behavioural Changes Observed & The
Long Term Impact
19 Impact On Sectors
Automobile Traveltech & Aviation

82 Methodology & Glossary
Technology & Smartphones Healthtech
Edtech Coworking
83 Bibliography
Work Management & Online Tools Fintech
Retail & FMCG

Scope Of
The Report
The coronavirus outbreak officially declared a pandemic by the World top 15 economies most affected by the coronavirus. The outbreak has
Health Organization (WHO). It has entered a majority of countries around cost the country about $348 Mn, according to a UN report dated March
the globe, with more than two lakh cases. The coronavirus outbreak 2020. With the impact of the virus entering the business landscape,
has not only emerged a public health crisis, but also a threat to the DataLabs by Inc42 has assessed its potential impact on industries,
world economy and businesses. underlining the possible trends ahead.
India is no different in bearing the brunt. It stares at its position among
This report seeks to provide a thorough analysis on:
The impact of coronavirus on global economy, Contemporary and future operational trends for startups
various industries and sectors,
Contingency plans for startups
startup funding activities
3 Business In The Times Of Coronavirus: India And The World

Introduction
To The Report
Affecting hundreds of thousands people home has become a new norm for employees Starting from Wuhan, China, the coronavirus
around the world, the coronavirus pandemic and stakeholders across the country. However, has impacted more than three-quarters of
has hit businesses really hard. Stock markets how services and delivery-focussed B2C the countries, with South Korea, Italy, the
have continued to crash globally, and companies can manage the majority of their United States and Iran being the most hit.
businesses running on limited resources and workforce which interacts with thousands of
supply amid fear and panic. Almost every users every day in person is something which The report seeks to provide a perspective
sector is bearing the brunt of the crisis, with they are yet to find an alternative for. on the situations and implications for the
tech giants cancelling their tech conferences businesses, and an in-depth analysis of
and suspending their operations in most As the world awaits a cure of the deadly sectors as well as businesses impacted by
affected areas. virus, the world economy is bracing for an the coronavirus outbreak.
impact much more severe compared to
With the panic among people, working from its predecessors such as SARS and MERS.

Global Impact Executive Summary
No. Of
Total No. Of Countries Worst Hit
Organisations
Total Cases: Total Deaths: Country: Italy
Recoveries: Impacted: Working On
381,598+ 16,559 (6,077 deaths)
101,806 166+ Medicine: 15+
Worst Hit Sectors: Best-Positioned

Aviation, Travel & Sectors: Enterprise
Tourism, Traveltech, tech, Personal
Retail, MICE hygiene
India Impact
Worst Hit State:

Region Percentage Worst Hit
Kerala
Total Cases: Total Deaths: Impacted: Fall In Domestic Sectors:
(95+ cases) &
508+ 10 15 States and Air Travel: Aviation,
Maharashtra
UTs 20 to 30% Retail
(87+ cases)
Source: John Hopkins University, DataLabs Secondary Research - *31 December 2019 To 24 March 2020

Coronavirus:
A Global
Pandemic
What Coronavirus Is
According to the World Health Organization (WHO), “Coronaviruses are zoonotic, meaning they are transmitted between animals and people.
(CoV) are a large family of viruses that cause illness ranging from the Detailed investigations found that SARS-CoV2 was transmitted from
common cold to more severe diseases such as Middle East Respiratory civet cats or bats to humans and MERS-CoV from dromedary camels
Syndrome (MERS-CoV) and Severe Acute Respiratory Syndrome (SARS- to humans. Several known coronaviruses are circulating in animals that
CoV). Coronavirus disease (COVID-19) is a new strain that was discovered have not yet infected humans.”
in 2019 and has not been previously identified in humans. Coronaviruses
Common signs of infection include:
Respiratory symptoms Fever Cough

(breathing difficulties, shortness of breath etc.)
In more severe cases, infection can cause:
Pneumonia Kidney Failure
Severe Acute Respiratory Syndrome (SARS) Death

“Standard recommendations to prevent infection spread include regular showing symptoms of respiratory illness such as coughing and sneezing,”
hand washing, covering mouth and nose when coughing and sneezing, according to the WHO.
thoroughly cooking meat and eggs. Avoid close contact with anyone
How It Spreads
Simply put, COVID-19 spreads in a way similar to flu.
A coronavirus-positive person releases droplets of infected fluid while coughing, sneezing or exhaling
These droplets fall and settle on nearby surfaces and objects - such as desks, tables, telephones etc.
Others can catch the COVID-19 infection by coming into contact with contaminated surfaces and
Human
Contact then touching their eyes, nose or mouth.
Coronavirus can also be transmitted by being close - say one metre - to an infected person by
breathing; as one comes in contact with the droplets exuded by an infected person.
Fluid “Most persons infected with COVID-19 experience mild vulnerable than those under 40. People with weakened immune
Contact symptoms and recover. However, some go on to experience systems and people with conditions such as diabetes, heart
more serious illness and may require hospital care. The risk of and lung disease are also more vulnerable to serious illness,”
serious illness rises with age: people over 40 seem to be more the WHO explains.
Contaminated
Objects

Geographical Spread Of COVID-19 Around The Globe
381,598+ Cases Reported Around The World

The total number of deaths due to COVID-19 during the period stood at 16,559
*31 December 2019 To 24 March 2020

Top 5 Worst Hit Countries (In Terms Of Deaths)
Italy— 6,077 China— 3,160 Spain— 2,311 Iran— 1,812 France— 860

Asia is the Worst Impacted Continent Followed By Europe
84% (81K out of 96K) confirmed cases in Asia was from China
10.9 %
87.6 %
Asia Europe Other America Oceania Africa

Italy Had The Highest Mortality Rate
Countries Confirmed cases Mortality rate In comparison to SARS

and MERS, coronavirus is
Italy 47021 8.6%
less lethal but far more
widespread in terms of the
Iran 19644 7.3%
number of individuals infected.
Spain 21571 5.1% The number of confirmed
COVID-19 cases so far is 44
UK 3983 4.4% times compared to MERS and
13.5 times compared to SARS.
China 80967 4.0%
COVID-19 Vs Its Peers

MERS Had The Worst Impact With A Mortality Rate Of 34%
Virus type Time period Confirmed cases Mortality rate

COVID-19 As of 21 March 2020 275,434 4.12%
SARS As of July, 2003 8,098 9.60%
MERS As of Jan, 2020 2,519 34.30%
H1N1 (Swine Flu) Apr 2019- Aug 2020 (0.7 to 1.4) Bn 0.02%

Impact On
Global Economy
Stock Markets Feel The Heat
US, European, Hong Kong and Indian stock markets suffered sharp losses between
January 10 and March 16
50,000.0 According to the United Nations

Conference on Trade and
41,600
Development (UNCTAD), the
40,000.0 COVID-19 is estimated to cost the
world economy $1 Tn in 2020, besides
31,390 the damage to human life.
28,824 28,638
Closing Index Point
30,000.0
China’s overall exports contracted
23,917 23,064 17.2 per cent in dollar terms in January
20,152 and February.
20,000.0 17,002
13,958 Consumer expenditure towards
10,852 traditional sectors such as retail,
10,000.0 7,588 restaurants, tourism and aviation has
5,151 declined, and is expected to drop
further in the coming months.
0.0
FTSE 100 NYSE Nikkei Dow Jones (DJI) Hang Seng Sensex
Consumer habits are expected
to change, with consumer spend
10 Jan 2020 16 Mar 2020 shifting to new-age sectors such
as hyperlocal delivery, online
conference/meeting tools and
e-commerce.

Coronavirus Outbreak In China To Cost $348 Mn To Indian Trade
As per UNCTAD estimates the total trade impact is $47 Bn, highest in EU and the US
$20 K
15597
$15 K
Impact (In $ Mn)
$10 K
5779
5187
$5 K 3816
2645 2296
2165 1917
1369 1087 1077
733 660 425 348
$0 K
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Economies
Source: UNCTAD, DataLabs Analysis

Information In The Digital Era
Creating Awareness Using Digital Means
At a time when authorities are discouraging physical gatherings, tech SOS alert dedicated to the coronavirus outbreak. Governments around
companies are coming to the rescue, and the joint efforts by communities the globe are providing information on the pandemic using consumer-
are clearly visible. Google has teamed up with the WHO to launch an friendly means such as messages in collaboration with telecom operators.
Google Providing Links To Official Websites To Aid The

Spread Of Genuine Information On Coronavirus
Tech companies are helping the public in the best way possible. Facebook
is providing the WHO with free ads for spreading awareness on the health
crisis facing humanity, as well as updating its vigilance policies to deal
with the spread of disinformation and fake news.
Not only Facebook but also many other social media companies such as
Twitter, YouTube and TikTok have stepped up vigilance efforts to eradicate
the promotion of coronavirus-related conspiracy theories. For instance,
the WHO has joined TikTok to suggest measures people can adopt to
help in protecting themselves and others.
Twitter has rolled out a warning label linking to the Centers for Disease
Control and Prevention (CDC) for the search term ‘coronavirus’, and
Facebook deployed a box into the news feed directing users to the US
agency’s page on COVID-19. The WHO itself has released its own myth
buster resources for the public. Not just that, tech giants such as Microsoft,
Google and Zoho are providing free access to advanced features enabling
collaboration while working from home or from remote areas.

So, with all the possible ways of easy communication through digital means, government organizations and tech companies have joined hands
to ensure public safety in all aspects.

Fake News & The Panic
At a time when people around the globe are engulfed in fear emanating companies are taking all measures possible to limit the dissemination of
from news on the spread of the deadly disease, this has widened the scope fake information.
for panicked consumption of information - whether official statements
issued by government agencies or mere rumours doing rounds in the digital For instance, Pinterest has limited its search results for coronavirus and
media. Phones are flooded with misinformation and rumours around the related terms to internationally-recognised health organisations, and
COVID-19 outbreak. For countries such as India, it is all the more difficult Youtube added a link to the WHO’s COVID-19 page to the top of its
to cope up with such a situation due to a slew of factors, such as the search results page, and is even taking steps to remove misleading or
size of crowds and the absence of enough health institutions. The spread fake videos from its platform.
of fake news can be restricted by way of WhatsApp encryption. Tech
However, there is a platform which is still underperforming in the time of the public to rely on credible sources such as the WHO tfor information,
coronavirus. Due to encryption, misinformation is often spread in leaps and and check the source of any received information thoroughly before
bounds through WhatsApp. Authorities are making efforts to encourage sharing it with others.

Impact On
Sectors
Automobile: The United States
General Motors & Tesla Stock Prices Take A Dip Amid COVID-19 Fear
China acts as a major destination for automotive parts export for the US
domestic market
40
General Motors Stock Price (In USD)
24.69 USD Mon, 9 Mar

35
30
25
20
21 Feb 2 Mar 10 Mar
Date
Source: Google Finance, DataLabs Analysis

1,000

900
Tesla Stock Price (In USD)
800
700
600
21 Feb 2 Mar 10 Mar
Date

Automobile: India
S&P BSE Auto Index Plunges As COVID-19 Pandemic Intensifies In Asia
Coronavirus spread is expected shrink India’s auto production by 8.3% in 2020
18,000 China accounts for 27% of India’s

imports of auto components.
14962.65 Mon, 9 Mar
Additionally, the prolonged panic
17,000 and fear in the fallout from the
coronavirus outbreak in India
will impact the overall sales of
Index Points
automobiles in the country, in

16,000
which test drives play a major role
in attracting potential buyers.
15,000
14,000
18 Feb 24 Feb 27 Feb 3 Mar 6 Mar
Date
Stock 10-Feb-2020 16-Mar-2020 Closing Price% (10 Feb to 16 March) 2020
Tata Motors 168.9 83.0 -51%
Mahindra 528 392 -25.9%
Maruti 6892.9 5480.25 -20.5%

Technology: The United States
NYSE Tech Index Showing Signs Of A Slowdown Over The Past Month
As of March 9, the closing price of the index was 17% lower compared to that of
on 10 Feb. 2020
26,000
1976.46 Mon, 9 Mar

24,000
Index Points
22,000
20,000
18,000
19 Feb 27 Feb 6 Mar
Date
Microsoft $189 $135 -20%
Google $1,509 $1,073 -19%
Apple $322 $242 -17%

Technology: India
BSE Teck Index Takes A Deep Dive As Well
As of March 9, the index was down 10% compared to February 10, 2020
8,500
7264.43 Mon, 9 Mar
8,000
Index Points
7,500
7,000
14 Feb 19 Feb 25 Feb 28 Feb 4 Mar 9 Mar
Date

WIPRO 240.9 179.8 -25%
Infosys 773 583 -24.6%
TCS 2,162 1,696 -21.5%
Impact on the technology sector

Facebook cancelled its F8 Developer Conference which is the Microsoft warned investors that revenue in the business segment
company’s biggest tech event this year that includes its windows operating system and surface devices
would likely miss earlier forecasts
Apple temporarily shutdowns it’s all 42 retail stores in mainland
China The cancellation of around 12 high profile tech conference
incurred economic loss worth $1 Bn
Google temporarily closes all its offices in mainland China,
Hong Kong and Taiwan
Name Organiser Location Status

Mobile World Congress GSMA Barcelona Cancelled
F8 Developer Conference Facebook Inc. San Jose Online
Adobe Summit Adobe Inc. Las Vegas Online
Google I/O Alphabet Inc. Mountain View Cancelled
GPU Technology Conference NVIDIA San Jose Online
Snap Partner Summit Snap Inc. Los Angeles Online

Edtech
To shield their economies from the fast-spreading pandemic, policymakers The nationwide shutdown of schools in 29 countries has impacted almost
around the globe have mandated temporary or indefinite lockdowns 391.5 Mn students and another 20 countries have implemented provincial
of schools or universities in a bid to ensure public safety. According to school closures, according to UNESCO, which has also released a guide
UNESCO, 49 countries across Africa, Asia, Europe, the Middle East, North for distance learning solutions in an attempt to mitigate the loss.
America and South America have announced or implemented closures
of schools and universities as of March 12.
Global monitoring of learners affected by school closures caused by COVID-19
Country-wide
school closure
Localized school
closures

Education tech (edtech) comes to the rescue as the coronavirus crisis limits adoption in the long term is obvious and there is a huge potential for
access to physical classrooms.The segment is making learning accessible edtech startups to explore the Indian market.
through means of technology.
In FY2018, the gross merchandise value of edtech startups stood above
When students are forced to remain captive indoors, the burgeoning $120 Mn, a surge of 48 per cent compared to the previous year.
demand for different ways of remote learning has picked up like never
before; edtech companies are working to help the students in every way At this juncture, the role of online learning has expanded with Indian edtech
they can. startups offering free access to study material for students.
With the spread of the coronavirus outbreak, the rise in technology
Free access to school students from classes 1 to 12 till April

Free mathematics and English lessons access to school students from classes 1 to 3 and
mathematical and scientific concepts for classes 4 to 12
Free access to school students from classes 5 to 12
Free access to live classes

Offering learning live and online by joining hands with schools in Bengaluru, New Delhi,
Kerala, and Hyderabad
Option for schools to opt for end-to-end online tutorials through the startup’s content or
use school’s own content

Extended the free trial period for its online courses to 14 days
Free access to Internshala Trainings, e-learning platform, for the students of Kerala, Jammu
and Kashmir, and Ladakh till March 31.
Free access to lessons to students appearing for UPSC, banking and railway exams
Pooling in educators to offer 20,000 free live classes
Free access to lessons

Putting efforts in doubling the number of free videos
Free access to app till April
Free access to online classes on competitive exams
Deeper internet penetration along with the rampant use of smartphones With technology coming to the rescue amid the coronavirus pandemic,
and other connected devices has exponentially increased the capitalisation edtech platforms have already begun to witness a surge in users. According
opportunity in the Indian edtech segment. This trend is attracting investors, to a Quartz India report, Gradeup’s daily enrolments have risen 25 per
resulting in huge funds for Indian startups. In FY2018, the gross merchandise cent, which underlines the huge potential for online learning— a trend
value of edtech startups was above $120 Mn, marking a surge of 48 per expected to prevail in the years to come.
cent compared to the previous year.

Online Work Management Tool
Despite Hard Times In The Market Zoom Stock Surges
The Zoom stock soared 29% between February 12 and March 9
130
120
Zoom Stock Price (In USD)
110
100
90
80
19 Feb 24 Feb 27 Feb 3 Mar 6 Mar 11 Mar
Date

10.00%
(% change) daily closing price
5.00%
0.00%
-5.00%
-10.00%
16-Feb-2020 23-Feb-2020 1-Mar-2020 8-Mar-2020
Date
Zoom has added 3.5 times more monthly active users since February 24 compared to 2019. Businesses are widely adopting video/audio conferencing
solutions to conduct meetings and to enable remote work operations for their workforce. This has resulted to a surge in downloads and the number
of active users of online work management tools. This is reflected in Zoom shares which are drawing more and more buying interest with the rising
popularity of remote working solutions in the backdrop of the coronavirus pandemic.

Work From Home In India
Businesses around the world have already started experimenting with Adoption of video conferencing technologies in the time of coronavirus
work-from-home protocols. Many companies including Bounce, Snapdeal, has led to multifold growth in their usage; companies such as Webex are
Uber, Ola, Swiggy, Zerodha, Flipkart, Paytm, Unacademy, Meesho and witnessing a boom in traffic.
Instamojo - are encouraging their employees to start working from home.
Companies have to deal with a distributed workforce thanks to the There are many free collaboration tools available in the market today
coronavirus, and efficient communication is the backbone of this newly that can be utilised by companies for better collaboration:
warranted mode of operation.
Remote Collaboration Tools For Small To Mid Size Companies
Team Chat Meetings Task Management Document Collaboration
Code Collaboration & Design Collaboration Video Team Monitoring

Management

Tools such as Google’s Docs and Sheets are always there for better collaboration.
Tech companies such as Google, Microsoft, Zoom and Zoho are doing their part by providing free access to some of their paid services, thus making
the remote collaboration much more effective and easier.

Companies are reportedly experiencing multifold growth in their app downloads. Here are some highlights:
Global downloads of apps such as Tencent Conference, WeChat Work, Zoom, Microsoft Teams and Slack have surged nearly five fold so
far this year.
From 1.4 Mn new users in the first week of January, the figure jumped to a record 6.7 Mn in the first week of March across the App Store and
Google Play platforms, according to app analytics firm Sensor Tower.
Zoom Video Communications’ daily active user base has grown 67% since early January, according to data from Apptopia.
By January-end, the company’s run rate stood at a hundred Bn annual meeting minutes. The company also removed the time limit from
video chats using Zoom’s free service for affected regions.
The boom was recently highlighted in Zoom’s financial results for the October-December period, as the company’s total revenue came in
at $188.3 Mn, marking an year-over-year increase of 78%.
Microsoft’s Teams platform witnessed a six-fold increase in meetings, calls and conferences in China since January-end.
Mobile app usage grew three-fold.
Slack’s revenue rose to $181.9 Mn in the December quarter—a gain of 49% compared to the corresponding period a year ago.
On an average, free sign-ups of Cisco’s Webex in affected countries are up seven times compared to the pre-outbreak period, according
to the company.

The Work From Home Boost
Since the initial spread of coronavirus in January, new downloads of Zoom have
exploded in affected regions. The U.S. is just starting to catch up
350000
300000
Number of downloads
250000
200000
150000
100000
50000
0
03/12/19 Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb 03/11/20
Date
Zoom Cloud Meetings (App) Worldwide Zoom Cloud Meetings (App) U.S.
Source: Apptopia, DataLabs Analysis

No businesses are left unattended by the companies. Companies such its clients the option to switch their call centres into work-from-home
as cloud communication service provider Ozonetel have started offering models in a seamless way.
No Drop In Productivity
Companies are using tools to track the progress of work being done by With the rising number of companies sending their employees home to
their employees from home to make this mandatory transition smooth and work, and collaborate digitally, there is a clear surge in the adoption of
effective. Some of the highly adopted tools for tracking the progress of tools enabling such operations. Collaborative work solutions are also
staff working from home are Time Doctor, Toggl, RescueTime and Timely. expected to clock multifold growth in near future.

FMCG & Retail: The United States
NYSE U.S. Market Consumer Goods Sector Index Takes A Double Dip
The index had plunged 12% between 11 February to 9 March 2020
2,500
2,117 Mon, 9 Mar

2,400
Index points
2,300
2,200
2,100
21 Feb 2 Mar 10 Mar
Date
Top Retail Stock Trends Goes Red In The US
Home Depot 240.61 164.9 -31%
Target Corp. 116.98 93.79 -20%
Walmart 115.25 106.76 -7%

FMCG & Retail: India
BSE Fast Moving Consumer Goods Index Slide As Consumer
Hysteria Intensifies
Between 11 Feb to 9 March the index plunged by 10%
12,000
Supermarkets and retail outlets
are bracing for a drop in footfalls
10467.14 Mon, 9 Mar with the growing number of mall
11,500
and shopping complex shutdowns.
India’s overall retail sector will
Index points
also be highly affected. On the

11,000 contrary, hyperlocal services and
e-commerce websites are expected
to gain traction, highlighting the
impact the coronavirus outbreak will
10,500
have on traditional retail sales.
10,000
Date
Future Group 341 153.1 -55%
ITC 210.55 147.25 -30%
HUL 2159.3 1941.9 -10%

The Game Of Masks & Sanitisers
Google Searches Related To Hand Sanitisers Surged Exponentially In

India And The USA Over The Past Month
Popularity higher in USA as compared to India
100
Popularity Score (0 to 100
75
50
25
0
16-Feb-2020 23-Feb-2020 1-Mar-2020 8-Mar-2020
Date
India USA
Source: Google Trends, DataLabs Analysis

Online Popularity Of Facial Mask In India Surpasses The United States
In India popularity of facial mask reached its peak on 4th March 2020
100
Popularity Score (0 to 100)
75
50
25
16-Feb-2020 23-Feb-2020 1-Mar-2020 8-Mar-2020
Date
India USA
Source: Google Trends, DataLabs Analysis
With the growing demand and limited supply for hand sanitisers and (from INR 10 to 40), while that of an N95 mask has jumped 3.3 times (from
facial masks amid the panic, the prices of such products have spiked to INR 150 to 500).
record levels. The price of a basic surgical mask has surged four times

Healthcare: The United States
NYSE Health Care Sector Index On A Downward Trend As Well
As of 9 March 2020, the closing price of the index was 11.8% lower compared
to 11 Feb 2020
28,000
24206.95 Mon, 9 Mar Since China accounts for a large

27,000
portion of the supply of drug
ingredients, the COVID-19 outbreak
Index points
will have a major impact on the

26,000 supply chain for the pharmaceuticals
industry.
25,000
24,000
21 Feb 2 Mar 10 Mar
Date
McKesson 162.14 121.3 -25%
UHG 287 225 -21.6%
Pfizer 38 30.2 -20.2%

Healthcare: India
S&P BSE Healthcare Index Dips 829 Points On March 9 Compared
To 11th February
The index had plunged 6% in the same period
14,500
13505.03 Mon, 9 Mar
14,000
Index points
13,500
13,000
20 Feb 2 Mar 10 Mar
Date
Sun pharma 420 369 -12.3%
Cipla 445 396.4 -10.9%
Alkem 2585.2 2,426.9 -6%

Aviation And Travel: Global
Steep Decline In NYSE Arca Global Airline Index Over The Past Month
As of 9 March 2020, the index had plunged a whopping 37% compared to 11 February
120
NYSE’s Arca Airline Index - a

69.91 Mon, 9 Mar
modified equal dollar weighted
index designed to measure
100
the performance of highly
Index points
capitalised and liquid international

airline stocks - is an adequate
80 way to quantify the impact of the
coronavirus outbreak on the US
airline industry.
60
Date
UAL 79.47 35.5 -55%
Delta Airlines 58 35.8 -38%
Southwest Airlines 57.42 37.52 -35%

Aviation & Travel: India
Stock Prices Of Both Indigo And Spicejet Have Plunged Drastically

Over The Past Month
From 11 Feb. to 9 March, Indigo plunged by 16% whereas Spicjet witnessed 28% decline
1500
1213.20 INR Mon, 9 Mar
1400
Indigo Stock (In INR)
1300
1200
1100
1000
Date

100
63.70 INR Mon, 9 Mar

Spicejet Stock (In INR)
80
60
40
Date
The rising number of flight cancellations and a slump in air travel demand is
expected to take a troll on the working capital of airlines. Refunds against
cancellations and the cost of daily operations are likely to pile up, hampering
the overall performance of the carriers in the coming quarters.

Shares Of Indian-Origin Travel Tech Companies Take A Hit
The stocks of MakeMyTrip and Yatra sank 35 per cent and 32 per cent respectively
between February 11 and March 9
30
MMYT Stock (In INR)
25
20
15
21 Feb 2 Mar 10 Mar

Date

4.0
2.50 USD Mon, 9 Mar
3.5
YTRA Stock (In INR)
3.0
2.5
2.0
21 Feb 2 Mar 10 Mar
Date
In a bid to halt the spread of the coronavirus outbreak, India has suspended the grant
of visas for a month with few exceptions. The travel industry has taken a big blow due
to the coronavirus outbreak, as March and April are believed to be the peak season
for Indians traveling both within the country and abroad. Indian tour operators are
staring at losses of up to $500 Mn thanks to booking cancellations from China and
other countries due to the coronavirus crisis; those losses can multiply four-fold if
the situation lasts for the entire year.

Real Estate, Coworking & Shared Office Spaces: The United States
Realogy Holdings Stock Price Declines Amid Market Panic

As of 9 March the stock plunged 46% compared to 2th February
12
6.67 USD Mon, 9 Mar
Realogy Holdings Stock (In USD)
10
24 Feb 3 Mar 11 Mar
Date

10.00%
(% Change) Daily Closing Price
0.00%
-10.00%
-20.00%
16-Feb-2020 23-Feb-2020 1-Mar-2020 8-Mar-2020
Date

Real Estate, Coworking & Shared Office Spaces: India
S&P BSE Realty Index Takes A Hit

The index tumbled 18 per cent between February 12 and March 9
2,400
1,972.96 Mon, 9 Mar
2,200
Index Points
2,200
1,800
1,600
Date

2.50%
0.00%
-2.50%
-5.00%
-7.50%
-10.00%
16-Feb-2020 23-Feb-2020 1-Mar-2020 8-Mar-2020
Date
In addition to the country’s traditional realty market, new age markets such as co-
working/living as well as shared office spaces are also expected to bear the brunt
of the coronavirus pandemic, especially the pay-as-you-go model-based products.

Financial Sector: The United States
JP Morgan Chase And Bank of America Stock Tanks As Panic Intensifies
On 9th March Both JP Morgan and Bank of America stock plunged 13% and 14.7%
respectively, highest in the past month
10.00%
5.00%
0.00%
-5.00%
-10.00%
-15.00%
16-Feb-2020 23-Feb-2020 1-Mar-2020 8-Mar-2020
Date
JP Morgan Chase Bank of America
Besides the traditional finance sector, new age fintech instruments are expected to suffer due to decreasing business activity and narrowing
consumer expenditure.

Financial Sector: India
BSE Bankex Index Bleeds

The index dipped 9.4 per cent between February 13 and March 12
36,000
30,384.17 Mon, 9 Mar
34,000
Index points
32,000
30.000
28.000
26.000
Date

Stock Price Of Two Top Banks In India Plunges Overtime
On March 12 both HDFC and ICICI bank tanked more than 8% as COVID-19 cases
rise in India
2.50%
0.00%
-2.50%
-5.00%
-7.50%
-10.00%
16-Feb-2020 23-Feb-2020 1-Mar-2020 8-Mar-2020
Date
HDFC ICICI
With self-isolation and contactless communication becoming the need volumes and value - and in turn enhance the utility of fintech products such
of the hour, the demand for home delivery and digital payments is poised as payment gateways, mobile wallets and prepaid payment instruments
to grow. This will give an impetus to digital transactions - in terms of both (PPIs).

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Impact On
Funding Activity
In India
Frequency Of Funding Deals Decreasing With Growing Fear Of
Coronavirus In India
The total deal count in February was 12% lower than that of January
20
15
Funding Deals
10
12-Jan-2020 26-Jan-2020 9-Feb-2020 23-Feb-2020
Date
Deal Count SMA(5 Day)
Source: DataLabs
The volume of funding deals in the first two months of 2020 fared better 119 in the year-ago period. Despite having a good start so far in 2020, the
compared to the corresponding period a year ago. In January-February hysteria surrounding the COVID-19 pathogen has affected the frequency
2020, the total number of deals stood at 154, up 29 per cent compared to of deals in the ecosystem.

Startup funding stats between (2 Jan.to 9 March)
173 total number of 81 startups funded Edtech sector with

funding deals at seed stage highest
Capital Inflow In Indian Startup Ecosystem Slowing Down As Investor

Meetings Get Hampered
Although the total capital inflow ($3.1Bn) was higher than the previous years—$1.8 Bn
raised the previous year, but a slowdown is evident in the trendline
800
Funding Amount ($ Mn)
600
400
200
12-Jan-2020 26-Jan-2020 9-Feb-2020 23-Feb-2020
Date (2 Jan. to 6 March)
Funding amount ($Mn) SMA(5)

Source: DataLabs

Out of the four primary stages of startup funding - seed, growth, late and meetings, which are losing popularity among startups dramatically due to
bridge, the most impacted are the growth (Series A and B) and late(Series the coronavirus crisis, startups have fallen prey to increasing precautionary
C and above) stages. Given that high-value deals mandate physical measures adopted by the government and the public alike.
Startup funding stats between (2 Jan.to 9 March)
$3.1 Bn worth of 9 Mega funding rounds Enterprisetech sector with the

total funding ($100 Mn and above) highest capital inflow

Public Tech Companies In India
Market Hysteria Reflected In Tech Stocks
The Stock Prices Of Both IndiaMart and Just Dial Is On A Downward Streak
Over The Past Month
10.0%
%change (Daily Closing Price)
0.0%
-10.0%
-20.0%
16-Feb-2020 23-Feb-2020 1-Mar-2020 8-Mar-2020
Date
IndiaMart Just Dial
Source: DataLabs

Naukri and Matrimony Stock Prices Slide As Well In Accordance With An Overall Downfall In
The Market
7.50%
5.00%
2.50%
0.00%
-2.50%
-5.00%
-7.50%
16-Feb-2020 23-Feb-2020 1-Mar-2020 8-Mar-2020
Date
Naukri Matrimony

Tejas Network Takes A Double Dip Whereas Infibeam Continues To Plunge Further
10.00%
5.00%
0.00%
-5.00%
-10.00%
-15.00%
16-Feb-2020 23-Feb-2020 1-Mar-2020 8-Mar-2020
Date
Infibeam Tejas

Fundraising In
The Times Of
Coronavirus
Startups thrive on virality – pitch decks, marketing Social distancing has become ingrained in our vocabulary
collateral and KPIs scream the term in bright colours as as people strive to stem the dissemination of the virus and
investors look for this essential element before committing fight this the best way they can.
to a company. But to paraphrase “Star Wars: A New Hope”
– “this is not the virality you were looking for”. But as the dust settles and people adjust to the WFH
imposition, founders and investors have one word in mind,
COVID-19 or Corona Virus Disease 2019 has permeated in addition, to cover (safety) and continuity: capital. To
Siddarth Pai all aspects of life for mankind, especially for startups and understand the interplay of the COVID-19 on startups and
Founding partner & investors. Many have grappled with the issue of Work investors, it’s important to look at the macro effects of
CFO, 3one4 Capital from Home (WFH) and are creating and open-sourcing the virus and its implications on the two players: startups
playbooks of best practises and tools to tackle the issue. and investors.
Meetings and conferences have been cancelled or postponed; stand-ups

have moved online and long commutes have given way to LAN bandwidth
management.
Macro
The most visible sign of the virus’ impact on capital is the sheet hollowing of the listed space – making all rises and falls in fund value and startup
out of the capital markets worldwide. The precipitous fall is in danger of stock slower, but stickier.
reversing close to 6 years of gains for stock market investors globally as
investors rush to cash out and sit on liquidity. Funds normally value their portfolios based on the most recent funding
round (known in the industry as the Price of Recent Investment methodology)
The slide is in no danger of ending as the US markets have hit the lower as it offers the closest analogue to a stock-ticker for the underlying
circuit breaker thrice in the past week itself. Marquee stocks such as portfolio. Commonly, only in cases of a force majeure event, erosion of
Berkshire Hathway are trading at book value and in India, during Holi, the substratum of the business or the lack of a funding round amongst
the only colour that investors saw was red. others do the VCs mark down their investments.
Those in the private markets (VCs and startups) have been insulated from
this fall. After all, the private markets lack the price discovery and liquidity

In the world of capital raising in the private markets – the source of funds investment figure that they must achieve via diversification into various
for VCs and by consequence, startups, all come from LPs. In the typical VC asset classes (gold, debt, bonds, real estate, stocks, etc). But if you look
structure, the fund managers are known as General Partners or GPs and into the investments of any LPs – be they large endowments, family offices,
the investors in said funds are known as Limited Partners or LPs. etc – their primary investments are always in the listed space with venture
being part of their allocation strategy.
The money from the LPs flows into the funds floated by the GPs and
ultimately, to startups. The source of funds for the LPs has always been the And therein, as the Bard says, lies the rub.
listed markets – be it in debt instruments like bonds or equities like stocks,
hedge and mutual funds or other such investments. Very seldom do LPs sit For a fall in the public markets have a bleeding effect onto the startup
on cash, i.e, keep funds parked in fixed deposits or their current accounts. world as well.
Their asset allocation strategies always keep a minimum return on
Impact Of Corona On VC Fundraising

The common consensus amongst VCs is that they all fall into two categories:
Those who are fundraising
Those who just finished fundraising
VCs, like startups, too need to raise funds. They have decks, undergo due performance, thesis and an ask in terms of a capital commitment. They
diligence and make quarterly reports to their LPs, similar to the cycle that aren’t as adversely affected as the newer breed of GPs coming out.
startups endure. Their cycles are typically longer than startups -with funds
taking around 6-18 months to close out depending on the GP, sector, For the new GPs – VC fundraising is still an old school as it places greater
experience, etc. importance on a face-to-face meeting initially to get a good read of
the GP.
For the more established GPs with a strong LP base – the fundraises can
be as simple as an email and a call announcing the new strategy, prior For those who are fund-raising and who are new GPs, their processes have

gotten harder as the three largest pools of capital for Indian VCs – USA, Indian LP pool is also reeling from a sliding stock market, tepid real estate
Singapore and China – are under various stages of travel restrictions. The market and a liquidity crunch that India is emerging from
Compounded by tax policies that make gains from startups suffer a tax
rate that’s 2.54x the one for listed gains, a holding period that’s twice that
of listed entities and the lack of liquidity, fundraising in India for VCs just
got harder.
The silver lining is that the rout in the stock market and the relative stability back for foreign investors and gains from the listed space.
of the private markets is making VC and startups a more attractive asset
class for LPs the world over. India needs to capitalise on this and create Those who completed their fundraises are more secure, but they also
more conducive policies that don’t discriminate against startups as face another issue – capital calls in the time of the Corona Virus. VCs
opposed to listed companies so that greater value creation can happen who have raised funds are grappling with capital calls being postponed
here and rupee capital is less discriminated against than foreign capital. due to LP requests as exiting the market and going back six years is a
prospect few can stomach. While many LPs have exited their positions,
For context, gains from startup share sales for Indian investors suffer from the ramifications are still being felt.
the “superrich surcharge” announced in July 2019 whereas it was rolled
Impact Of Corona On Startup Fundraising

As go the VCs, so go the startups. Startups rely primarily on two broad sources of funds:
Angel investors
Institutional investors

Angel investors usually consist of CXOs, ex-entrepreneurs, friends and Corporations across the world are sitting on large amounts of cash
family who are looking to support somebody they know, back a passionate and due to changes in regulations and taxation, cash distributions to
idea or give back to the ecosystem. For them, their sources of funds are shareholders via dividends and buybacks have become more expensive.
prior gains from exits, salaries, savings or gains from the markets. They’re also more cognizant of the role that startups and entrepreneurs
play in disruption and they’re more than willing to participate in the
Many are looking at conserving capital at this point as the world seems startup ecosystem to stop themselves from becoming obsolete. Indians
to collapse around them, in terms of capital markets. Some, due to issues corporates have started investing in and acquiring startups from India.
like the angel-tax, have also moved their startup investments into Angel
Funds and VCs. Angel investing has been on the decline for a few years But the most curious absentee in the Indian startup story has been India’s
and the sector formalises and others have moved onto different products homegrown tech giants – who are more comfortable acquiring foreign
such as funds. But the capital market hit has affected them as well. startups rather than Indian ones. Though the reasons for this are yet to
be articulated, one hopes that the companies with the largest cash
For the institutional investors, VCs have already been covered, as have balances and the strongest alignment with India’s startup tech scene will
their LP base. But one source of funds that’s strongly coming into vogue also become its largest customer and patron – similar to how the US’s
is Corporate Venture Capitalists or CVCs. These are the captive venture Silicon Valley and China have become the largest funders and acquirers
arms of large corporates who look to diversify their business or identify in their countries.
cutting edge technology to invest in, learn from and even acquire.
Sectors And The Way Forward

Startups in sectors like travel, co-working or other areas which rely on the us. Hirings have been put on hold and the luxury of larger offices will fall
convergence of crowds will face a tough time raising funds. But those in to the wayside.
the attention economy – media, content, etc and those in software and
productivity tools are seeing their metrics rise and will be well placed to A lasting effect of the Coronavirus will be how offices are going to evolve
come out of this rut stronger than ever. – we’ll see WFH playing a more prominent role. This will also see rent
– amongst the largest cost centres along with salaries and marketing
The consensus amongst the community is that capital will become tighter come down as startups evolve to more geographically diversified and
across the board. Many startups are looking to cut their burn and firm remote teams.
up operations to wait out this Capital Winter that has descended upon

The markets, its often remarked, operate on two primary emotions: fear Startups are also going to rely on existing investors to stay funded and
and greed. Fear leads to the markets haemorrhaging and greed sees M&A via stock deals will come into play as cash starts drying up. These
them rising back. This is personified as the Bulls and the Bears, the animal will be testing times for the ecosystem and one thing will be common to
spirits symbolising the rise (Bulls) and fall (Bears). We’re currently in a bear startups and mankind in general during these times of the Coronavirus:
phase as capital will become scarce.

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China:
An Analysis
2020 marks the last year of the country’s 13th Five-Year Plan, and the office, entertainment, retail and education. On the flipside, industries such
efforts to meet the targets are on the rise. as tourism and aviation industries have taken a major blow, with 400,000
group travelers from China expected to cancel their trips to Japan before
China has taken a number of measures to meet a range of key aspects March, according to the Japan Association of Travel Agents.
laid out in its economic policy, including the moves by its central bank -
the People’s Bank of China - to ease the reserve requirement ratio and The supply chain of the manufacturing sector is also expected to be hurt
to lower the loan prime rate. The deadly coronavirus outbreak has also badly. Since the epicentre of the coronavirus outbreak, Wuhan, China,
provided China with few positives along the way: the application of new is an automobile manufacturing base, the tremors of this are likely to be
technologies has accelerated, and the scope increased for development felt in the global automobile business.
of new businesses in areas such as health, logistics, automation, online

China Coronavirus: Death Toll Rises As The Pandemic Spreads
80,796 total cases and 3,169 deaths were estimated in China till March 10, 2020
100K
80K
Total Coronavirous Cases
60K
40K
20K
0K
22
24
26
28
30
Fe 1
3
7
9
11
13
15
17
19
Fe 1
23
25
27
29
10
2
b
ar
b
ar
b
ar
ar
b
b
b
b
b
ar
Fe
b
n
b
n
b
b
n
n
Fe
n
Fe
Fe
Fe
Fe
M
Fe
Fe
Fe
Fe
M
Ja
Ja
Ja
Fe
Ja
Fe
Fe
Ja
M
Date
The world today shares a common value chain, and any disruption in its second largest economy is bound to result in a significant turbulence for
all. As the Chinese economy experiences a major hit due to the coronavirus outbreak, China’s GDP growth is estimated to decline to 4.9 per cent
in 2020, according to the Organisation for Economic Co-operation and Development (OECD)

Hit On Economy By The Outbreak
China’s GDP growth is expected to slow down to 4.9% for 2020
6.1
6.4
6
5.1 5.6
GDP growth (%)
4.9
4.9
4
3.3
2.9 2.4
2
2019 2020 2021
Year
World India China
Source: DataLabs Analysis, OECD
China’s share in the global economic activity increased drastically from 2002 to 2019. This is why the adversities faced by China are bound to spill
over to the world economy. Despite China’s speedy recovery from the coronavirus, a substantial drag is likely on global growth.

China’s Rising Share Of Global Activity
China is more integrated in the global economy
24
20
16
% Share
12
0
Global Global GDP Global Global Global FDI
Industry Trade Tourists
2002 2019

China accounts for a large share of global commodities demand
60
50
40
% Share
30
20
10
0
Aluminium Copper Nickel Zinc Lead Natural Cruid Oil
Rubber
Date
2000 2018
Note: Share of industry, GDP and trade in constant US dollars. Share of global FDI in current US dollars. Data for the tourist share refer to 2002 and
2017, and data for FDI refer to 2005 and 2018. Industry data are on a value-added basis and include the construction sector.
Source: OECD Economic Outlook database; OECD FDI in Figures, October 2019; and World Bank.

The extent to which China, the world’s largest goods trader, can end up imposing on the rest of the world cannot be underestimated and is rather
self-explanatory, given that the country contributes more than 30% to the world economy
Base-case Scenario: Potential Economic Impact Of The Coronavirus

Outbreak
China’s contribution to the decline in global GDP is the highest
Q1 Q2 Q3 Q4
0.0
-0.1
-0.2
% Difference From Baseline
-0.3
-0.4
-0.5
-0.6
-0.7
-0.8
Date
Demand Equity + Commodity prices Uncertainty Total

Contributions to change in world GDP in 2020
% pts
Q1 Q2 Q3 Q4
0.0
-0.1
-0.2
Contribution in %
-0.3
-0.4
-0.5
-0.6
-0.7
-0.8
Date
China Other Asia-Pacific Europe N America Commodity exporters Other World
Note: The first panel shows the contributions to the decline in the level global GDP. Commodity exporters are Argentina, Brazil, Chile, Russia,
of GDP from the different element of the shock. The second panel shows South Africa and other non-OECD oil-producing economies. See text
the contributions of differents regions and countries to the decline in for details of the shocks applied.
Source: OECD calculations using the NiGEM global macroecomics model.

Trends
Observed
Online Conferences/Meetings/Events And Development In Remote Workplace Operations On The Rise
With the spread of the coronavirus outbreak, companies are encouraging their employees to switch to virtual meetings using solutions
such as video conferencing and teleworking. In order to continue meetings without disruptions, several companies are exploring
technologies such as BYOM, or Bring Your Own Meeting. Tech giants such as Google, Microsoft and Zoom Communications are
providing support in this area, by either allowing access to their premium services for free or removing the related time limits. In the age
of digitalisation, it is paramount to collaborate remotely from anywhere at any time in the world. This change will lead to a bigger
impact and the adoption of such solutions in the long term.
Increased Adoption Of Enterprisetech In India

With self isolation on the rise and diminishing physical contact in meetings, the adoption of enterprise tech products is likely to
increase, and give a phillip to Indian enterprise tech startups. These companies relied heavily on forgein clients until now, given the
popularity of the traditional style of running businesses - which involved regular physical meetings - in the country . Tools such as task
management, video conferencing and digital contract management are likely to witness the highest traction.
Adoption Of Mandatory Sick Leave Policy

On an optimistic note, even if the situation gets back to normal soon. Corporates as well as startups will adopt mandatory sick leave
policies covering even minute and common health problems such as flu and fever, which are highly ignored in India especially in the
small and midsize business (SMB) segment. Overall adoption of such measures will result in a healthy and clean work environment
throughout businesses across the country.

Behavioural
Changes
Observed & The
Long Term Impact
Currently, everybody is in a state of panic. The panic has set in to an extent that human existence is in jeopardy, triggering excessive demand for
household items such as hand sanitizers.
here’s a surge in sales of staples as well as products of daily necessities and personal hygiene in the backdrop of the fast-spreading coronavirus
outbreak. Sales growth numbers range from 15 per cent to 45 per cent across categories.

The World Health Organization has stressed upon the adoption of everyday practices such as frequent handwashing to fight the deadly
pandemic.
Consumers have become more aware of the available supply chains and how they works. China, being India’s second largest trading partner
for long, accounted for 13.7 per cent of India’s imports in 2018-19. Awareness about relevant supply chains and alternatives will be pivotal in
shielding local businesses from the coronavirus-induces global crisis.
There is clearly the need for Indian startups to act responsibly and equip themselves with realistic contingency plans in the time of Covid-19.
There is a need for startups - big or small - to expedite the adoption of processes in a timely and logical manner to ensure public safety. Many
startups have sensed a lack of communication between their management and employees in adhering to government policies in containing
the spread of the pathogen. On the contrary, many startups have already taken bold and strict steps to fight the outbreak; while Paytm and
Flipkart have shifted their employees to work-from-home protocols, Ola has placed hand sanitizers in its walk-in stores across the country.
In order to make robust contingency plans, the responsibility of startups only begins at maintaining hygiene in office space and offer work-
from-home alternatives to their employees. They have to think of sustainable solutions that can ensure operability even under coronavirus
circumstances. Investors such as Sequoia Capital have taken initiatives such as the issuance of letters to startup founders outlining practices
that can protect businesses in best possible ways should things go south.

Are Indian Startups Acting Responsibly?
There is clearly a need for Indian startups to be well equipped with of closely monitoring the situation and following relevant government
contingency plans during these times. With big players acting slow on recommendations, there is clearly a lack of communication from some
taking the necessary steps like Swiggy sending a safety advisory to startups to their employees. On the other hand, there are many Indian
delivery partners in Delhi on March 3, no release of information to Zomato startups who are taking strict measures to avoid any loss such as Paytm
delivery agents about proper food handling to avoid infection by the and Flipkart providing its employees work from home, Ola has kept
company, there is high time for Indian startups to sense the urgency sanitizers in its walk-in stores across the country.
for taking necessary action. As claimed by multiple startups in terms
Contingency Plans For Startups
The responsibility is not limited to maintaining a hygienic workplace and Internet speed fluctuations, power outages and employees attrition but
providing work from options for companies. But, the responsibility stretches with such outbreaks taking place, there is high time for Indian startups to
beyond this and towards keeping startups running even in coronavirus brace themselves up and manage when there is major loss experienced.
outbreak circumstances. This reminds us of our responsibility to have Startups need to have strong plans in terms of leadership succession
contingency plans in place during these tough times. planning and clear planning of workflow and team structure.
Investors like Sequoia Capital are initiating such efforts by issuing letters to For instance, a recent note from Easy Home Finance accessed by Inc42
founders about how to manage business better and plan for contingencies has documented the plan of action for the business if the office building
in case things go further south. or an employee or a senior employee is quarantined. It laid out the
team structure in such a scenario, which makes the process clear to all
Till now, startups have been prepared for the short term contingencies like stakeholders.

Methodology & Glossary
The reported cases used in the report is till 20 March 2020, the primary mentioned otherwise. The mortality rate is calculated on the basis of the
data source for COVID-19 related cases is from the tracker established by number of deaths recorded divided by the number of confirmed cases.
John Hopkins University. The analysis done on stock prices and indexes is The stock prices of companies listed on Indian market is in INR.
on the adjusted closing price, the base date is 10 February 2020 unless
Glossary
COVID-19 Growth Stage

Coronavirus Series A and B
MICE Late Stage

Meetings, Incentives, Conferencing and Exhibitions Series C and above
$X Bn VC
Billion in USD Venture Capital
$X Mn Angels
Million in USD Angel Investors
Seed Stage
<Pre sereis A

Bibliography
WHO
United Nations
John Hopkins University
DataLabs by Inc42
https://inc42.com/buzz/coronavirus-and-startups-contingency-and-business-continuity-plans-come-into-focus/
https://unctad.org/en/PublicationsLibrary/ditcinf2020d1.pdf
https://www.gadgetsnow.com/tech-news/coronavirus-this-is-how-government-will-be-using-your-phone-to-spread-awareness/
articleshow/74534001.cms
https://www.tiktok.com/@who
https://www.who.int/emergencies/diseases/novel-coronavirus-2019/advice-for-public/myth-busters
https://www.businessinsider.in/tech/enterprise/news/microsoft-has-quietly-started-offering-free-trials-of-its-premium-teams-chat-app-to-
support-public-health-and-safety-amid-the-coronavirus-outbreak/articleshow/74466444.cms
https://cloud.google.com/blog/products/g-suite/helping-businesses-and-schools-stay-connected-in-response-to-coronavirus
https://www.theverge.com/2020/3/3/21163972/pinterest-showing-custom-search-results-coronavirus-misinformation
https://www.who.int/emergencies/diseases/novel-coronavirus-2019/advice-for-public
https://fortune.com/2020/03/18/zoom-is-zooming-despite-coronavirus/
https://www.cnet.com/news/zoho-offers-free-work-from-home-software-for-coronavirus-careful-businesses/
https://ozonetel.com/blog/how-your-call-center-can-handle-a-sudden-work-from-home-emergency/
http://www.oecd.org/berlin/publikationen/Interim-Economic-Assessment-2-March-2020.pdf

Inc42 is a leading Indian media and information platform, known for its The research wing of Inc42 Media, DataLabs specialises in producing
end-to-end coverage of the Indian startup ecosystem. We work with comprehensive datadriven and insightful reports about the ballooning
the mission to empower, connect & grow the Indian Startup Ecosystem Indian startup economy. Since its launch, DataLabs has produced over 35+
by providing a deep understanding of the startup economy through reports — covering diverse sectors such as Blockchain, Agritech, Foodtech
data-backed news and analysis. Inc42 is the authoritative voice of the along with regular coverage of investments and the overall health of the
Indian startup ecosystem.
Indian Startup Ecosystem and it has brought to light the amazing stories
of thousands of startups, entrepreneurs, technological innovations,
DataLabs reports are aimed at bridging the information & data gap
businesses and many other constituents of the startup ecosystem.
about the Indian startup economy. In the last few years, DataLabs has
Starting 5 years ago, Inc42 has now become the gateway to the Indian produced comprehensive & insightful reports to help readers make more
startup ecosystem, having published more than 20,000 stories and informed decisions at work, in investments, and more. It is responsible for
touching the lives of more than 20 Million people in India every month. producing detailed reports covering the diverse industries of the Indian
startup ecosystem spread across 29 states and 7 Union Territories of India.
www.inc42.com
www.datalabs.inc42.com
Credits
EDITED &
COMPILED BY
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COVER & DESIGN
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INFORGRAPHICS
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Inc42 Media
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Business In The

Fundraising In The Times Of Coronavirus

62 Fundraising In The Times Of Coronavirus

03 Scope Of The Report

04 Introduction To The Report

05 Executive Summary Online MICE & Development Of Remote

Increased Adoption Of Enterprisetech In India

12 Impact On Global Economy

Automobile Traveltech & Aviation

Technology & Smartphones Healthtech

Work Management & Online Tools Fintech

Retail & FMCG

India is no different in bearing the brunt. It stares at its position among

This report seeks to provide a thorough analysis on:

3 Business In The Times Of Coronavirus: India And The World

4 Business In The Times Of Coronavirus: India And The World

Worst Hit Sectors: Best-Positioned

Worst Hit State:

5 Business In The Times Of Coronavirus: India And The World

Common signs of infection include:

Respiratory symptoms Fever Cough

In more severe cases, infection can cause:

Pneumonia Kidney Failure

Severe Acute Respiratory Syndrome (SARS) Death

7 Business In The Times Of Coronavirus: India And The World

8 Business In The Times Of Coronavirus: India And The World

381,598+ Cases Reported Around The World

*31 December 2019 To 24 March 2020

9 Business In The Times Of Coronavirus: India And The World

Asia Europe Other America Oceania Africa

*31 December 2019 To 20 March 2020

10 Business In The Times Of Coronavirus: India And The World

Countries Confirmed cases Mortality rate In comparison to SARS

COVID-19 Vs Its Peers

Virus type Time period Confirmed cases Mortality rate

*31 December 2019 To 24 March 2020

SARS As of July, 2003 8,098 9.60%

MERS As of Jan, 2020 2,519 34.30%

11 Business In The Times Of Coronavirus: India And The World

50,000.0 According to the United Nations

13 Business In The Times Of Coronavirus: India And The World

Source: UNCTAD, DataLabs Analysis

14 Business In The Times Of Coronavirus: India And The World

Google Providing Links To Official Websites To Aid The

15 Business In The Times Of Coronavirus: India And The World

16 Business In The Times Of Coronavirus: India And The World

18 Business In The Times Of Coronavirus: India And The World

24.69 USD Mon, 9 Mar

Source: Google Finance, DataLabs Analysis

20 Business In The Times Of Coronavirus: India And The World

608.00 USD Mon, 9 Mar

21 Feb 2 Mar 10 Mar

21 Business In The Times Of Coronavirus: India And The World

18,000 China accounts for 27% of India’s

automobiles in the country, in

Stock 10-Feb-2020 16-Mar-2020 Closing Price% (10 Feb to 16 March) 2020

Tata Motors 168.9 83.0 -51%

Mahindra 528 392 -25.9%

Maruti 6892.9 5480.25 -20.5%

22 Business In The Times Of Coronavirus: India And The World

1976.46 Mon, 9 Mar

Stock 10-Feb-2020 16-Mar-2020 Closing Price% (10 Feb to 16 March) 2020

Microsoft $189 $135 -20%