Banks are tightening their lending policies, leaving aggregators like ClearScore with hardly any business.
Sampad Swain is the cofounder of Instamojo - which offers a payments and commerce platform for micro and small businesses selling products online.
People have been ordering more and more online, and e-grocers are unable to meet the demand.
Gupta has led Fino Payments Bank through its transition from a business correspondent to a full-fledged payments bank
While the COVID-19 pandemic has sharply hit the entire industry, not everyone is equally hit.
The startup runs live quiz tournaments where participants compete for prize money.
The startup raised $121 million funding round from Tiger Global and General Atlantic last year.
Moneycontrol looks at how a scrum of business leaders is dealing with these fast changing times.
The online education startup had in late March raised a funding round of $3 million.
Startups in sectors worst hit from the pandemic - such as travel, hospitality, transportation, and even delivery firms, have asked for 3-6 months more than originally planned.
Existing investor Tencent leads the round, with Ark Impact, Korea Investment Partners and MACM India Growth Fund joining in.
Currently operational only in 5,500 pin codes, the startup, which was founded in 2016 by Pratyush Halen and Anuraag Agrawal, intends to scale up operations into newer geographies.
"The company's entire executive leadership team has taken a voluntary pay cut starting at 25 percent, with many opting for an additional uncapped amount, and some going up to 50 percent to enable building the runway for the company. This would be effective April 2020," Oyo said
The startup offers reconciliation services for companies which receive digital payments across multiple channels.
The fresh funding will be used for further product development, hiring and expanding its presence outside India, Recko said in a statement.
From promising no increase in commissions to helping with ensuring strict hygiene standards at partner restaurants, Swiggy and Zomato are coaxing resturants to resume business.
Industry veterans, top VCs and prominent founders have participated in the fund, which will springboard innovators working around fighting the pandemic.
Employees would take pay cuts of 20-60 percent based on salary slabs, a part of which will be compensated by employee stock options.
The 900-member strong body is pooling technology and resources to lend a hand to state governments in these trying times.
The funding announcement came a few hours after the company suspended operations, citing the lockdown.
Startups offering digital signatures and other such services are hoping to get traditional companies to take the digital plunge.
Indian startups raised $354 million across 34 deals in March 2020, less than half the $714 million raised in February across 46 deals, according to data from Venture Intelligence, a startup data tracker.
On March 30, the attorney general's office sent Zoom a letter asking what, if any, new security measures the company has put in place to handle increased traffic on its network and to detect hackers
The Mumbai-based startup had raised $3 million in a seed funding round in November 2019.
The fund comprises marquee investors like Sequoia Capital, Accel, Matrix Partners and Kalaari Capital.