Tag: news

Services Allowed During Lockdown 2.0

Lockdown implemented to contain the spread of the novel coronavirus has been extended till May 3. The Ministry of Home Affair has issued detailed guidelines regarding services that’ll remain operational and those not.

Lockdown implemented to contain the spread of the novel coronavirus has been extended till May 3. The Ministry of Home Affair has issued detailed guidelines regarding services that’ll remain operational and those not.

Some conditional relief may be seen in areas that are not hotspots for the novel coronavirus from April 20. Originally, the 21-day nation-wide lockdown was to end on April 14 but considering the rising number of cases, especially in Delhi, Maharashtra and Tamil Nadu, a majority of states agreed to extend the lockdown.

WHAT’S OPEN DURING LOCKDOWN 2.0

  1. All kinds of essential services. These services include all health workers (doctors, nurses, hospital staff, and sanitation workers.)
  2. Media persons belonging to print and electronic media (though they too can’t enter the containment zones, also known as hotspots.)
  3. Homes of children, disabled, mentally challenged or senior citizens, women.
  4. Movement, loading or unloading of goods cargo (both inter or intrastate)
  5. MNREGA works are allowed with strict implementation of social distancing and use of face mask.
  6. Hotels, homestays, lodges and motels.
  7. Services provided by self-employed people, including electrician, IT repairs, plumbers, motor mechanics and carpenters will also remain operational.
  8. Industries in rural areas, SEZs, and EOU zones, units making essential goods, food processing units, IT hardware companies, coal production will be allowed to function.
  9. Construction of roads, irrigation projections, buildings and all kinds of industrial projects, including MSMEs, in rural areas and construction of renewable energy projects will be allowed.
  10. Government will also ease restrictions for farmworkers (since the rabi crop harvest season has started in states like Punjab, Haryana and Uttar Pradesh.)
  11. All security personnel, including police and security forces, are also exempted from the lockdown.
  12. All kinds of essential service agencies, including cook gas agencies, fuel pumps, ration shops, wholesale and retail shops and vegetable mandis will remain open.
  13. Pathology labs will also be allowed to operate amid the lockdown.
  14. Goods trucks carrying goods — weather or not essential goods — within states and outside states will be allowed to operate during the extended lockdown period.
  15. During a televised address to the nation on Tuesday, Prime Minister Narendra Modi said India might have to pay a big economic price for the lockdown but there was no alternative to saving human lives.

Beijing-based Legend Capital invests $10 Mn in India’s top Edutech company Vedantu

Edutech companies in India are gaining lot and lot of popularity these days and such companies has seen an unprecedented growth in the recent days.The organization is run by four friends from Indian Institutes of Technology (IITs) – Vamsi Krishna (Co-Founder, CEO), Pulkit Jain (Co-Founder, Head Product), Saurabh Saxena (Co-Founder, Head Academics) and Anand Prakash (Co-Founder).

Edutech companies in India are gaining lot and lot of popularity these days and such companies has seen an unprecedented growth in the recent days. These companies have seen an upswing and witnessing unprecedented curiosity from enterprise
capitalists, hedge funds and strategic buyers.

BYJU’s, Unacademy, Doubtnut and Vedantu are few of top Edutech companies in India right now. Vedantu is an interactive online tutoring platform where teachers provide school tuitions to students over the internet, using a real-time virtual learning environment named WAVE (Whiteboard Audio Video Environment), a technology built in-house.

It is said to operate on a marketplace model for teachers, where students can browse, discover and choose to learn from an online tutor of their choice.

The organization is run by four friends from Indian Institutes of Technology (IITs) – Vamsi Krishna (Co-Founder, CEO), Pulkit Jain (Co-Founder, Head Product), Saurabh Saxena (Co-Founder, Head Academics) and Anand Prakash (Co-Founder). The firm has raised its first round of funding after six months of current operational format.

It has raised $5 million from Accel Partners and Tiger Global Management in its Series A funding Vedantu has raised $11 million in a Series B funding round led by Silicon Valley impact investment firm Omidyar Network and also contributed by its existing investor Accel Partners.

On August 29, 2019, Vedantu announced that it has raised $42 million in a Series C financing round for expansion in India by Tiger International. Beijing-based early and enlargement stage VC agency has invested $10 million (Rs 74 crore) whereas current investor Omidyar Community has joined the spherical with a funding of $3 million (Rs 22.17 crore).

Beijing-based Legend Capital manages greater than 450 portfolios and has $7 billion value property. It has turn into the third Chinese language investor in Vedantu.