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Businesss Weekly Round-up: This week started with Reliance-Facebook Deal and we saw a surge in Online Gaming & OTT



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Here’s what happened in the startup and business world in the week gone by:

An IT engineer Anurag Asati brought the Kabadiwala online.

Swiggy and Zomato expanded their service to essential groceries during the COVID-19 lockdown.

OLX India launched donation drive ‘OLX Pledge’ in association with NGOs.

Jio-Facebook $ 5.7bn deal made Mukesh Ambani Richest man in Asia, 17th in the world.

Facebook messenger kids roll out for 70 countries.

COVID-19: OTT and Online Gaming platforms are soaring

Levi’s collaborated with Tik Tok for better visibility

Dunzo, a Banglore based startup ensures that they don’t just do business but grow more

Kabeer Biswas, CEO and Co-Founder, Dunzo, said: “Across the country, there is a demand for essentials due to the lockdown. In these extraordinary times, companies need to rise to the occasion.”

OTT and Online Gaming Platforms

The OTT platforms and online gaming are soaring during the quarantine. There are too many apps that got the maximum number of downloads than usual. Also, a lot of you must have discovered this new app which is a single platform for multiple games. Founded in 2015 by siblings Yashash Agarwal and Gaurav Agarwal, Gamezop is a mobile gaming startup that works very unconventionally to acquire users.

Unlike other players in smartphone gaming, Gamezop doesn’t ask users to install apps. Instead, it embeds games inside its partner apps where they can be played instantly; just like how videos can be played on a social media page.

Concept of E-Mandis

Delhi-based Agritech marketplace, AgriBazaar helps farmers and traders sell their products quickly and efficiently through online mandis (or e-mandis).

“Electronic procurement ensures the farmer’s safety and health, follows social distancing measures, and also avoids overcrowding in the physical mandis,” Amith Agarwal, Co-Founder and CEO, AgriBazaar.

The Game-Changing Deal

Jio-Facebook $ 5.7bn deal made Mukesh Ambani Richest man in Asia, 17th in the world.

This deal will “accelerate India’s digital transformation” and fuel the creation of innovative new enterprises and connecting people in new ways, Facebook stated.

The Startup Industry – India

Funding into the Indian startup ecosystem continues to fall as the investor sentiment turned overly cautious in the fourth week of April given the very downcast economic environment due to the coronavirus pandemic. The quantum of funding into the startups for the week stood at $72.25 million as compared to $107 million in the previous period.