Startup Around

To address these concerns, and reduce the burden on the Indian healthcare system, Pristyn Care has set up an end-to-end ecosystem of tele-medicine and COVID-19 testing.

Harsimarbir Singh, Co-founder, Pristyn Care says, “Since people are unable to visit doctors, they resort to either self-diagnosing their symptoms or self-medicating, both of which can be detrimental to their health.

From online consultation to getting tested to providing hospitalisation, if required, we at Pristyn Care have developed a full stack of healthcare services to serve patients.

Elective SurgeriesWhile the world’s healthcare system is overwhelmed with COVID-19, regular patients also require care.

Pristyn Care specialises in elective surgeries with over 100 senior surgeons on board and partners with over 250 hospitals pan-India. | To read full story, visit https://startuparound.com/read/1585825206.0437188/Pristyn-Care-healthtech-scales-up-its-telemedicine-practice-to-battle-COVID-19?ref=audio_experience

The central government today released its coronavirus tracking app, Aarogya Setu.

Aarogya Setu is available in 11 languages, including English and Hindi.

Prior to this, the government had launched another location-based tracking app, Corona Kavach.

"This app is being developed in public interest to give information and capture the outbreak of coronavirus.

But Aarogya Setu is more comprehensive, interactive, and action-oriented. | To read full story, visit https://startuparound.com/read/1585823405.9379034/Government-launches-multi-language-coronavirus-tracking-app,-Aarogya-Setu?ref=audio_experience

Majesco (NASDAQ: MJCO), a Morristown, N.J.-based cloud and SaaS provider for insurance businesses, completed the acquisition of InsPro Technologies Corporation (OTCBB: ITCC), a U.S. based software leader in the life and annuity insurance market.

The amount of the deal was not disclosed.

With the acquisition, InsPro Technologies brings to Majesco an insurance administration and marketing system that supports group and individual business lines, and processes agent, direct market, worksite and website generated business.

Led by Adam Elster, CEO, Majesco provides technology and expertise to insurers to modernize, innovate and connect to improve their solutions at speed and scale.

Over 200 insurance companies worldwide in P&C, L&A and Group Benefits currently use them. | To read full story, visit https://startuparound.com/read/1585821609.96774/Majesco-Buys-InsPro-Technologies?ref=audio_experience

Funds invested will be used for scaling production of coronavirus testing kits and expansion of molecular diagnostic solutions, Mylab said in a statement.

L-R : Abhijit Pawar, Adar Poonawalla, Hasmukh Rawal, Sujit Jain, Shailendra KawadeHowever, the company did not share financial details of the deals.

Commenting on the development, Poonawalla said: "In the next few weeks, we will be ramping up the production of the COVID-19 testing kits taking from 1.5 lakh tests/week to 20 lakh tests/week".

The shortage of testing kits will come to an end in a month or two, he added.

Emphasising the importance of the partnership, Mylab Discovery Solutions MD Hasmukh Rawal said: "This partnership can impact billions of people across the world, especially India". | To read full story, visit https://startuparound.com/read/1585819807.4914615/Coronavirus:-Mylab-partners-with-Adar-Poonawalla,-Abhijit-Pawar-to-scale-up-production-of-test-kits?ref=audio_experience

Popular group calling app Houseparty is sticking to its belief that it's the subject of a paid smear campaign that is spreading rumours the app has been hacked.

The company says it has discovered the original posts on Twitter first claiming the app had been hacked – but most have either been deleted or suspended.

Houseparty users complained on social media that their other online accounts such as Netflix and Spotify were hacked thanks to the app, but there was no evidence to back up these claims.

Group calling app Houseparty says it has found the original posts on Twitter that first spread claims it got hacked — but those posts have now vanished.

In 2015, weeks after its release and a jump in popularity, Twitter cut off Meerkat's access to its network and brought rival Periscope in-house. | To read full story, visit https://startuparound.com/read/1585818009.0001607/Houseparty-says-many-of-the-original-Twitter-posts-spreading-rumors-it-got-hacked-have-now-disappeared?ref=audio_experience

MG Motor India on Thursday announced Affordable Ventilator Challenge to fight the COVID-19 pandemic.

The winning startup will be given production startup to manufacturer ventilators at MG Motor’s Halol plant in Gujarat.

As a responsible corporate citizen, MG Motor India is committed to fighting this pandemic.

Rajeev on Wednesday also announced that he will be donating one month of his salary to fight the coronavirus pandemic.

Applications for MG Motor’s Affordable Ventilator Challenge will be accepted till April 15, 2020. | To read full story, visit https://startuparound.com/read/1585816212.258765/Coronavirus:-MG-Motor-announces-Affordable-Ventilator-Challenge?ref=audio_experience

The analysis by the UN Department of Economic and Social Affairs (DESA) said the COVID-19 pandemic is disrupting global supply chains and international trade.

Governments are considering and rolling out large stimulus packages to avert a sharp downturn of their economies, which could potentially plunge the global economy into a deep recession.

In the worst-case scenario, the world economy could contract by 0.9 percent in 2020," the DESA said, adding that the world economy had contracted by 1.7 percent during the global financial crisis in 2009.

The analysis noted that before the outbreak of the COVID-19, world output was expected to expand at a modest pace of 2.5 percent in 2020, as reported in the World Economic Situation and Prospects 2020.

Taking into account rapidly changing economic conditions, the UN DESA's World Economic Forecasting Model has estimated best and worst-case scenarios for global growth in 2020. | To read full story, visit https://startuparound.com/read/1585814405.9540281/Global-economy-could-shrink-by-one-percent-in-2020-due-to-COVID-19-pandemic:-UN?ref=audio_experience

Noida-based fintech startup Mera Cashier has raised $150,000 in a bridge round of funding from Bollywood singer Sukhbir Singh, India Accelerator, Boudhik Ventures, Shankar Nath (ex-CMO, Paytm) and Shaurya Garg (Founder, Fundoo Works).

He adds using "Mera Cashier" is a good decision for any businessmen."

Launched in July 2019 by Suneel Kumar, Gaurav Tomar and Sucharita Reddy, Mera Cashier is an app for small and micro businessmen to record and manage credit transactions.

Sucharita Reddy, Co-founder, Mera Cashier, said,"With our obsession for customer focus, we have been able to win the confidence of many users.

Gaurav Tomar, who manages the technology at the Mera Cashier, mentions that every couple of weeks, there is a new feature that is launched on Mera Cashier. | To read full story, visit https://startuparound.com/read/1585812606.2698867/[Funding-alert]-Fintech-startup-Mera-Cashier-raíses-$150K-from-Bollywood-singer-Sukhbir-Singh,-others?ref=audio_experience

Recko, the enterprise fintech startup, has raised $6 million Series A funding led by Vertex Ventures Southeast Asia and India.

Founded in 2017 by serial entrepreneurs Prashant Border and Saurya Prakash Sinha, the platform enables AI-powered reconciliation of digital transactions.

Recko automates reconciliation and allows the data to be traced throughout the entire transaction cycle.

Piyush Kharbanda, Partner, Vertex Ventures, Southeast Asia and India, said: "At Vertex, we have had a privileged vantage point and witnessed growth of some great software platforms solving deep enterprise problems.

Saurya, Prashant and the entire Recko team are looking to solve a fairly large problem with a world class platform. | To read full story, visit https://startuparound.com/read/1585810805.485337/[Funding-alert]:-Recko-raises-$6M-in-Series-A-round-led-by-Vertex-Ventures,-with-participation-from-Prime-VP?ref=audio_experience

Corona Care will provide a cover of up to INR 50K for those hospitalised or who have tested positiveDigital payments platform PhonePe has launched a Corona Care insurance policy for those who have tested positive for Covid-19 and hospitalised.

The Corona Care insurance policy provides a cover of INR 50K for people below 55 years of age.

Gunjan Ghai, head of insurance at PhonePe, told Inc42 that the travel insurance market in India is estimated to be around INR 800-900 Cr.

Insurtech startup Policybazaar has noted a 20-30% hike in the health insurance policy and a 20% hike in life insurance.

Digit was one of the first companies to launch a coronavirus-specific insurance policy. | To read full story, visit https://startuparound.com/read/1585809005.0839906/#StartupsVsCovid19:-PhonePe-Brings-Corona-Care-Insurance-For-INR-156?ref=audio_experience