Tag: covid19 lockdown

Top 14 Healthcare Business Ideas For Medical Entrepreneurs in India [2022]
Healthcare is a rapidly developing industry in India and opportunities are always on the rise. The Healthcare sector is one of the fastest-growing sectors in India and by 2022 it is expected to grow up to Rs. 8.6 trillion. The healthcare business in India has grown considerably in 2021 because of the global pandemic that started in March 2020.

Looking at the current state of the world, the thing which we learned is the importance of health care. Pandemic has taught us how small things can affect our health. Equally, this also gives a boost to the healthcare business opportunity, so if you are an entrepreneur planning to enter the healthcare industry this is the right time to invest and grow in this business.

Why You Should Consider Healthcare Business in 2022

Healthcare App Statistics

Medical business ideas have become the most profitable business ideas these days. Here are the reasons to consider a medical-related business in 2022.
- The Healthcare industry in India is expected to grow up to Rs. 8.6 trillion in 2022.
- The healthcare sector can create employment opportunities for millions of people by 2021.
- India’s medical device market size could grow up to $50 billion by 2025.
- The applications of AI in the healthcare industry is progressing at a high pace. Soon India will be worth US$ 6 billion by 2021.
- There are a total of 4,892 startups in the Indian health-tech space.
Best Medical Business Ideas for Doctors in India
Best Business Ideas in Medical Field in India

List of the top 14 Best Healthcare Business Ideas in India (2022)

Medical Transcription Services

One of the most well-known medical business ideas is Medical transcriptions as it listens to the voice recordings submitted by the physicians or healthcare workers and converts them into written notes. It ensures that the patients receive the right treatment and medications. Medical Transcription Services is one of the best business ideas for healthcare professionals. The recent advances in a speech to text technology are likely going to affect medical transcription jobs in the future.

Medical Records Management

One of the successful healthcare startup ideas and best business ideas for doctors in India as it can assist doctors and hospitals by managing their medical records. You can either provide full-service medical records management. You can also assist your clients by helping them to manage their medical records by training their staff.

Healthcare app

Health apps and smart health devices Usage in India

In this growing world of technology patients already have a plethora of apps to deal with, which is why making a healthcare app is a good healthcare business idea in India. So providing a holistic app to the patients that will fulfil their every healthcare need is a great approach. This approach to personal health will benefit the patients as well as the business.

Medical Billing Service

It is the right time to begin a business in the healthcare sector as Medical billing services because of the rise in insurance claims by the patients. Due to which the hospitals face the hassle during insurance claims. So to assist them and reduce the burden on hospitals. A medical biller is a person who handles medical claims for insurance companies. This will lessen the burden on the hospitals during medical claims by the patients.

Home Healthcare Service

Home healthcare services are the services that are been provided in the convenience of home to the patients. These services are provided to elderly people. Home healthcare services are less expensive and convenient. And are more effective as compared to that of the care you might get in hospitals.

There are three types of home healthcare services.
Personal care- In personal care nurses are being provided to the elderly people to help them in their daily activities like bathing, dressing, and preparing meals for them.
Private nursing care- In private nursing care, home-based skilled nurses are provided for long term or hourly nursing care for elderly or adults with an illness injury or disability. These services include ventilator service, nursing care, and catastrophic care.
Home healthcare- In-home healthcare service the patients can request a short term physician who can help the patient to recover from illness.

Importance of Resources to improve Medical Needs of Society

The quality of healthcare services by private & state healthcare facilities differs. Know the areas to improve the healthcare system in India.

StartupTalkyPreeti Karna

Diabetic Care Center

The diabetic care centre is one of the top healthcare business ideas in India. The diabetic management centre has all the diabetic management facilities under one roof. It helps the patients to control their diabetes and avoid any serious diabetic complications that may arise due to uncontrolled diabetes.

Physical Therapy Center

Physical therapy is also known as physiotherapy. It is one of the allied healthcare professionals who treat patients with conditions like acute pain or soft tissue injury. A physical therapy centre is a prominent business idea that is profitable as well. You have to open a facility in which you can hire professional physiotherapists to treat the patients. They are also required by fitness centres or sports facilities.

Medical Supply Sales

Customers are always on the look for healthcare products such as medical supplies, braces and many more. You can supply the medical supplies to individual patients or to retailers. An e-commerce site is a better option to increase sales and it also helps the customers, who might face difficulty reaching the stores.

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Nutritionist

Being a Nutritionist is a profitable and less stressful job as compared to other healthcare services. a nutritionist is an expert in the field of food and nutrition. He/she advises people on what to eat to maintain a healthy lifestyle. Many organizations such as hospitals, schools and cafeterias need nutritionists.

Childbirth Services

Childbirth services are a bit complicated and crucial healthcare business to handle. If you hire an expert for the job who can make your business grow then childbirth services are a great option. The sole purpose is to attend to a woman during delivery and while birth.

Fitness and Gym Centre

Fitness and Gym Centres are arguably one of the most profitable healthcare business ideas. For both of these centres, one must find a good location and good equipment in order to attract customers. Due to Covid-19 and the increase of other diseases people want to stay healthy and stay fit. And if you are a fitness trainer you can try opening a gym.

Virtual doctor services

Telemedicine Market expected growth in India

This telemedicine market is currently on the rise especially after the pandemic, as people prefer online consultation of doctors than compared to going to the hospital. In 2021, the platform already connects over 100,000 doctors with 300 million users in over 200 cities and has helped people who don’t have time or even rural people to get good quality doctor services.

Aerobics Centre

Aerobics exercise helps in improving the human cardiovascular system in absorbing and transporting oxygen. Learning aerobics are now in demand as people have become more and more health-conscious and preferring to go to aerobics centres instead of going for medicines.

Retail Pharmacy

Annual Turnover of Indian Pharmaceutical market

The $312.1 billion pharmacies and drug store industries are expected to increase in the next five years. Retail pharmacy includes facilities that dispense over-the-counter medications and prescription drugs and also includes operations that deliver prescriptions to patients at discharge, as well as mail-order pharmacy services.

Conclusion

These are the Top 14 Healthcare Business Ideas For Entrepreneurs in India. There are many business opportunities in the healthcare sector regardless of rural, suburban, or metro cities in the coming future. For any entrepreneur planning to start a healthcare business in India, it is the right time to commence your business.

FAQs

What is the healthcare business in India?

The healthcare sector consists of businesses that provide medical services, manufacture medical equipment or drugs, provide medical insurance, or otherwise facilitate the provision of healthcare to patients.

What are the medical business ideas for 2022?
- Retail Pharmacy
- Aerobics Centre
- Virtual Doctor Services
- Child Birth Services
- Nutritionist
- Fitness and Gym Centre
What are the best future business ideas for healthcare?
- Medical supply sales
- Physical therapy centre
- Diabetics care centre
- Home healthcare services
What are the healthcare startup ideas?
- Medical billing service
- Medical transcription services
- Medical records management
- Healthcare app
May 2, 2022
Growth Of Online Doctor Consultation Market During Pandemic
In an era, where everything is available at the click of a button it is no surprise that even a specialist doctor or a clinical examination could be done online. Online doctor consultation is a coveted field in India and is able to offer services like telehealth, telemedicine, telecare, and digital health care services. According to the survey conducted by Accenture in 2017, over 70% of the consumers are willing to experience health care services virtually, while 20% have already experienced virtual healthcare.

Many startup companies are looking to make it in the industry as it is currently rising. The consumer’s expectations for a convenient healthcare system are evolving while the healthcare industry is continuously striving to meet people’s needs with the help of technology. The telemedicine market in India is expected to reach $5.4 Billion by 2025 with a CAGR of 31%.

The online doctor consultation allows the dissemination of specialized knowledge among the medical community through advanced networks, reviews, emergency medical consultations during an epidemic or crisis among others. According to a report by Practo, online doctor consultations have increased 500% since March 2020, as five crore Indians are now accessing healthcare online amidst the COVID-19 pandemic.

Telemedicine Industry in India
Growth of Online Consultation in India
Importance Of Online Consultation
Target Audience of Telemedicine Industry
Future of Telemedicine Industry in India
FAQ’s

Best Online Doctor Consultation Apps in 2020

In the COVID-19 [/tag/covid-19/] pandemic, the doctors are playing an essentialrole in coping with the current situation. Due to coronavirus, consultingdoctors is not as easy as earlier. But luckily Healthcare startups[/tag/healthcare-startup/] are reducing the gap between the doctor, patients,a…

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Telemedicine Industry in India

The Telemedicine Industry is expected to create more than $5.4 billion market opportunities by 2025. Practo, DocPrime, mFine, CallHealth, and Lybrate are some of the leading startups in India’s telemedicine market. The COVID 19 outbreak has created many challenges in traditional healthcare systems, as citizens have not been able to consult with the doctors physically.

This situation has led the government to change the regulations around remote delivery of healthcare services and allow telemedicine via video, audio, or text. Telemedicine will not only help these startups address the spread of Coronavirus but also improve access to healthcare in rural areas. Innovative technologies are allowing health organizations to enhance access and reduce the burden on hospitals through real-time consultation with doctors through online services.

top doctor consultation sites in India

Telemedicine will reduce the time of consultations and improve the quality of healthcare services in rural areas, removing many infrastructural challenges. The World Health Organization (WHO) recommends every country to have a ratio of 1:1000 doctor to patient ratio, India only has one governmental doctor for every 1,139 people.

According to a report, India has a shortage of 600 thousand doctors and 2 million nurses. This leads to limited face-to-face consultations among patients. Secondly, India also has a shortage of hospital beds, which makes hospitalization difficult and there needs to be better infrastructure and facilities whereas with the help of online consultations the healthcare sector can reduce its problems.

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Growth of Online Consultation in India

Online consultation has become popular in India because it is easier and safer to access healthcare via call, video, chat with doctors, especially during the COVID-19 pandemic. The health ministry has urged people to take advantage of telemedicine services during the lockdown. And since then the usage of online consultation apps and medicine delivery services has been on the rise.

The pandemic has encouraged people to use the platform and consult a certified medical practitioner rather than resorting to self-medication. Online consultations are known for specialties such as Gynecology and Dermatology, while other specialties like mental health, pediatrics, ENT, ophthalmology, and gastroenterology are all well-known departments.

The growth of telemedicine in India

The telemedicine sector is steadily increasing not only across metropolitan cities but also in smaller cities like Hoshiarpur, Karnal, and Durgapur. The online doctor consultation platform mFine is seeing demand from states which has a low doctor-to-patient ratio since lockdown. The app has also seen new user signups and consultations from users in states such as Bihar, West Bengal, Jharkhand, and Uttar Pradesh where the doctor-patient ratio is the lowest in the country.

Many other healthcare startups are seeing an unprecedented surge in demand as they shift healthcare delivery onto the internet, promote telemedicine, encourage online medicine bookings and use chatbots to answer patient queries. The support rendered by the national and state governments, their subsidiary concerns, and allies such as the ISRO have contributed a great deal to facilitate the development of telemedicine as a well-recognized field.

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Importance Of Online Consultation

India has seen a tremendous increase in demand for telemedicine for healthcare services. According to Statista, the industry might have touched $280 billion by the end of 2020. Though the healthcare sector is seeing a giant leap in providing services to consumers, it has still not been able to expand its market in rural areas. Around 75% of the rural population is struggling with insufficient infrastructure and technological awareness. This is the reason why online consultation might help overcome this issue.
- Bringing quality healthcare services to the rural areas of the country.
- Benefits the people of rural areas in bringing down the disparity in healthcare offerings between the rural and urban areas.
- Provides access to qualified healthcare providers, specialized consultation, accurate prognosis, timely diagnosis, and effective course of treatment.
- The people of urban areas, who have access to world-class hospitals and treatment facilities but don’t have the time can seek help by online consultations.
- The patients can have real-time interactions through video conferencing solutions, or store and forward models which can capture patient and disease-related information through dictation, photos, videos, radiology, etc.
- The patients can get the benefits of an actual visit to the doctor without having to do so.
- Not just consultation and treatment, but many other services can be fulfilled through telemedicine, which brings together the best of both worlds – medicine and telecommunication.
- It helps in the dissemination of specialized knowledge among the medical community through advanced technology and peer-to-peer reviews.
- It’s very useful for emergency medical consultations in times of an epidemic or crisis.
How to provide a great online consultation experience

Target Audience of Telemedicine Industry
- People who are willing to try telemedicine.
- Application developers and network operators.
- Third-party suppliers and healthcare service providers.
- Potential Investors.
- Government organizations.
- Research Institutes.
Why COVID-19 is Game Changer for Online Businesses

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Future of Telemedicine Industry in India

With the growing attention for telemedicine services, countries around the world are developing a regulatory framework for the industry. While India is already one of the top 10 countries in telemedicine marketing the world, the adoption of a regulatory framework will help the segment grow rapidly.

Tattvan Mishra, founder, and CEO of Tattvan E-Clinics said that “India has seen considerable growth in the telemedicine sector however, the growth was not rapid due to the lack of proper guidelines and regulations. In the coming years, I expect a high investment from the private sector in the field of telemedicine. I think the telemedicine industry has a bright future and may become a multi-billion industry in the next 3-5 years.”

Online consultation platforms have supported the healthcare needs of Indians at a time of lockdown. Saurabh Arora, the founder and CEO of Lybrate in a press statement said that “It is the need of the hour to contain the spread of the virus. The healthcare burden on the country is gigantic around this time and platforms like ours can definitely help share it. People can consult doctors on Lybrate across specialties and so on other platforms, letting hospitals tend to more serious patients”.

Besides telemedicine, other health-tech segments such as online pharmacy, medical technology, and medical devices have also called for increased regulatory clarity so that startups can focus on the model rather than tweaking their operations. When it comes to the online consultation market, the COVID 19 crisis could bring about a lot of clarity and growth just like the fintech sector got a push in India after the demonetization in 2016.

FAQ’s

1. What is an online doctor consultation or online medical consultation?

When you visit a doctor about your health-related issues through an audio/video/chat, it is called an online doctor consultation or online medical consultation. This is an alternative for you when you cannot visit a doctor physically at the clinic or hospital.

2. How do I consult a doctor online now?

Book an online consultation either on the website or mobile app. Look out for the ‘Find a Doctor’ button on the homepage of the website/app, select the specialty of your problem or type the name of the doctor directly. Once the doctor of your specialty is selected, you can click on the “Consult Now’ button to start with the online consultation.

3. Do you provide online doctor consultation for emergencies?

No, it is not recommended. It is advisable to contact emergency services during emergencies. Emergency medical services are available round-the-clock which can be accessed by calling 112 or clicking the ‘Emergency’ tab on the homepage of the respective website/app.

4. Where is my prescription for the online doctor consultation?

Prescription for your online consult can be found in the Records/History section. By clicking on this tab, you will be able to view/download your prescription.

5. Is it safe to consult online?

Online consultation is absolutely safe and private, where customer information and health data is the most important thing that is kept private.
November 26, 2021
How to Become Corona Millionaire?

The article is contributed by S Shriram, Former VP Marketing and Sales, Levista Coffee.

I stayed home for 150 days straight from March 23, 2020, onwards, when the first one-day lockdown began followed by multiple lockdowns. It was the first time perhaps I stayed at home, ever since I joined LKG four decades back. During the five months, I was on WFH mode, a first for me in my retail career spanning 23 years before when I first scooped Ice-Cream at India’s second and Chennai’s first Baskin Robbins outlet in 1997.

All these years, I had a strong belief that Sales and Marketing professionals can simply not work from home, especially for this long. I was made to revise my thought process all these months even as we sold one more cup of coffee (or more) every hour, every day from April 2020 onwards until now. While thousands of people worldwide have been displaced or retrenched from their jobs, many have chosen alternate professions and have fared well, perhaps better than their previous jobs or businesses.

Our friendly neighbourhood grocer is one such example. Many others too, but what’s striking is the resilience with which these entrepreneurs have risen to the occasion and have not only served customers but also made money, well.

During Unlock 1.0, the Union Government laid down restrictions on shop opening times and the Kirana Shopkeepers took the opportunity on their head, something that established Modern Trade Retailers, as well as the cash-rich Online Retailers, couldn’t live up to. The Kirana opened her / his shop by 6 am every day rain or shine, served customers with glee until 11 am (and later up to 2 pm, followed by 6 pm and eventually till 8 pm) and in the meanwhile, managed their staff and family, store inventory, daily cash flows, spread positive word of mouth in the local community and experimented with the digital media – from sending WhatsApp Posters to taking orders through the same medium as well as instant home-delivery, especially for the comfort of the Elderly, sick patients and the physically challenged.

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Coffee and Tea Vendors, on the other hand, saw this as a great opportunity. Those who ran petty shops ventured early in the day and served those who were working on the roads and streets while the more smart ones offered to sell add-ons to their customers as well as cater to those who were in the line of duty such as Conservancy workers, the Police Force and others.

All this time, while a section of people was complaining of job losses, another set of people started their Entrepreneurial journeys and the most fancied product category this time was health and hygiene. From liquid soaps to sanitisers, floor cleaners to disinfectants, there was a sudden rush in this category, especially and there was no stopping for their efforts as this market is about to explode sooner than later.

While FMCG giants like ITC, HUL among others launched revolutionary products in this segment, what took me by surprise was that the secondary, unorganized and unbranded market grew and expanded beyond seams.

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Those who have never tried the concept of washing hands before a meal were washing hands (and all exposed parts to sun and air) multiple times every day. Similarly, the “Mask Movement” has gained unparalleled popularity and opportunity. I have seen so many roadside vendors who were earlier selling various products now focusing on this segment.

Coming to Coffee, we at Levista have appointed dozens of new Distributors during H1 FY 20-21 and all this is because we have seen a huge surge of coffee consumption at home. With a high prevalence of WFH or rather SAH – “Stay At Home”, it is but natural to witness consumers drink more hot beverages. And in the process, we have seen many of our partners double or treble business during this period. I reckon that we have just begun. The making of “Corona Millionaires” has only started now and we shall see results over the years.

May 27, 2021
Why Restaurant bodies are seeking waiver – The Performance of Restaurant Industry from 2020 to 2021

The major cities of India are under a lockdown with the Covid cases rising all over the country. The second wave of the virus was an unexpected hit towards the country causing a lot of casualties among the citizens and a lot of businesses going down. With regards to it, the National Restaurant Association of India has asked for a rental waiver. Let’s look at the further details and analyze the performance of the restaurant industry during the year 2020-2021.

Announcement by NRAI
The concerns raised by NRAI
What is Revenue Sharing Model?
Restaurant Business Post lockdown
Performance of Restaurant Industry 2020 to 2021
FAQ

Announcement by NRAI

On 19 May 2021, the National Restaurant Association of India (NRAI) has asked the owners of the malls to reduce or provide extra time for rentals during the lockdown phase in the country. They have also asked for a renegotiation on the commercial terms going forward as the malls are closed and this would further affect the restaurant and beverage, industry owners.

The concerns raised by NRAI

In a statement, the NRAI had conveyed that it had written to the mall to urgently solve the various commercial concerns that are faced by the restaurant and beverage industry owners. They have mentioned that in the letter the association has mentioned about two concerns which are waiver on rental charges and a revised model for revenue sharing.

The association has communicated that the mandated lockdown has forced the owners to shut the shops and prevent the malls to allow the entry of guests and customers or even staff and suppliers. It mentioned that it is a typical situation and would require the rental charges or the common maintenance charges during the phase of lockdown to be waived off completely.

It has communicated that the future agreements on rent have to be made keeping in mind the crisis that is faced due to Covid and the duration the business would take to reach normalcy. The shaping of the model of the post Covid era is expected to be based on a totally variable model.

The association has communicated that the revenue sharing model would interlink the fortunes of the mall owner and the restaurant owners and they would reach a situation where both of them wouldn’t profiteer from each other but support one another.

Statement by NRAI

What is Revenue Sharing Model?

The retailers and the restaurant owners are found to be in talks with the mall owners to waive off the rentals during the phase of lockdown and would want to renegotiate their terms to continue in the future through a revenue sharing model as the road ahead is uncertain.

Restaurant owners are also trying to seek help from the government. The food and beverage industry employs around 7 million people and they fully depend on daily walk-ins which have caused a severe impact on the business due to the lockdown.

The president of NRAI, Anurag Katriar conveyed that they would not be able to operate on old costs with less than half of older revenue. He added that therefore he feels that the revenue sharing model is a very fair model where even if we see an increase in the business volumes at the early stage the malls won’t lose out.

Restaurant Business Post lockdown

The business will recover post lockdown when the social distancing measures and the concerns of consumers about the crowded place would reduce. NRAI also communicated that they do not expect the business to increase as soon as the lockdown is lifted.

They have conveyed that the business would just expect a volume of 30-40% of what they have been received the pre lockdown face and this would be possible by lowering the fixed costs of the restaurants.

The industry body had mentioned in its letter that considering the proportion of fixed expenses in the F&B industry, the businesses are expected to face huge operating losses as the fixed expenses are really high and this would be controlled only if the major expenses such as the rent would be converted into a variable expense.

Performance of Restaurant Industry 2020 to 2021

The restaurant industry had a huge downfall at the beginning of 2020 as there was a nationwide lockdown and moreover, it was totally unexpected and a new concept faced by the businesses. The normal restaurants have tried to manage their operating costs due to the food delivery startups keeping the orders in demand.

However, they also wouldn’t be able to increase their profit compared to the pre lockdown phase as walk in provide higher revenue for the restaurants. While comparing to the food and beverage industry in the malls they had faced huge losses as they were completely shut.

As soon as the lockdown was raised and the restaurants and the public started moving around with fewer restrictions. The restaurants and the F&B industry in the malls had seen a revival in their businesses but soon the second wave had hit the country and the major cities of the country are undergoing a lockdown.

FAQ

Is restaurant business profitable in India?

Restaurant business is a lucrative business which if planned properly the profit margins can be up to 40% per month.

How many restaurants does India have?

India has about 53,000 hotels and 70 lakh restaurants in organised category.

What are five segments of the restaurant industry?

There are five restaurant segments, Family dining full-service, Casual dining full-service, Fine dining full-service, Quick-service(fast foods), and Quick-casual.

Conclusion

The road ahead for the F&B industry is going to be hard as the country would take some time to reach normalcy. Since there is also a new epidemic in the country named Black Fungus the future has become so unpredictable. The NRAI has also taken into consideration to raise concerns towards the food aggregators and the individual landlords.

May 24, 2021
Why Flipkart is covering Insurance for its Sellers?

Flipkart which is owned by Walmart has announced that it will cover insurance for all its platform sellers in India and waive additional fees. The announcement was made after Amazon’s announcement which said that it would reduce 50 % of the referral fees which the sellers on Amazon’s platform are required to pay this month. Let’s look at the details of the insurance cover provided by Flipkart to its sellers.

Reason for providing the Insurance
Details of the Insurance
Additional Steps taken by Flipkart
FAQ

Reason for providing the Insurance

Flipkart which is owned by Walmart has announced that it would not charge cancellation and storage fees from its sellers that are listed on their platform. They also announced that they would be providing insurance coverage to its sellers.

The main reason behind this step is to maintain a strong and friendly relationship with its seller base which is more than 3,00,000. Flipkart is the top most e-commerce platform in India and during this unexpected phase due to the global pandemic and increase in the number of Covid-19 cases in India, they are looking to support the sellers who are facing severe disruption.

Details of the Insurance

As several Indian states have imposed a strict restriction on the movement of individuals and cut down the selling of non-essential items on the e-commerce platforms, the Bangalore headquartered company on 7 May 2021 had announced that it would reduce the storage fees of sellers who are using the fulfillment centers of Flipkart and they are also reducing the cancellation fee till the end of this month.

The company had announced that it would bear a 100% premium for Covid insurance to all the sellers that are listed on their digital platform. The company conveyed that they would cover a consultation fees and hospitalization fees in between INR 50,000 and INR 3,00,000.

Flipkart had also announced that the company is making it easier for sellers to access working capital from the firm without any increase or addition on the cost.

The company has also taken a step to increase the period for Seller Protection Fund from 14 days to 30 days in order to make claims on returned products. Flipkart also conveyed that they would make their policies and performance metrics much easier for the sellers so that the state-wise lockdown doesn’t affect them.

Additional Steps taken by Flipkart

The company has announced that it has partnered with Vriddhi, which is a Supplier Development Programme in India by Walmart. The main aim of the programme is to host webinars for the small businesses in order to share the best practices which will help them to stay afloat during the crisis and ensure the safety of their workforce.

Jagjeet Harode who is the senior director and the head of the marketplace at Flipkart had conveyed in the statement that in these testing times, it is the company’s consistent efforts to support the seller partners who are facing a lot of challenges relating to operation in the country due to the pandemic.

He also added that as a democratic marketplace, the company would want to make sure that lakhs of seller partners would be able to continue their operations and keep their economic engines running.

FAQ

Is flipkart delivering non essentials?

Amazon and Flipkart have suspended delivery of non-essential items

Who is the founder of Flipkart?

Sachin Bansal and Binny Bansal are the founders of Flipkart.

What is the revenue of Flipkart in 2020?

346.1 billion Indian rupees

Conclusion

India has been witnessing a huge increase in the infections and has recorded the highest single day spike in the number of cases around the world. The lockdowns implemented in various states and the major metro cities in the country have affected the e-commerce firms and their sellers. This would be a great initiative from the company in order to support their seller base in the country.

May 11, 2021
How to manage stress during the Second wave of corona

As we entered the new decade, the pandemic took a major turn. Being stuck at our home with the deadly virus outside has made lives really tough for people. It resulted in anxious behaviour and massive depression symptoms.

People are suffering from a huge breakdown during the pandemic. The second wave of Covid-19 is majorly affecting the mental harmony of people. As the cases are rising, things are getting more difficult and concerned.

What if I am next? Will my family survive this never-ending pandemic? How should I prevent my mental health? And plenty of such questions are stuck in our mind on loop. Our mental health needs proper caring and concern.

To our knowledge, we can’t control the global pandemic situation on our own, but what we can do is prevent ourselves by following safety measures and taking care of our mental health.

When we feel anxious, we prefer taking a walk around the park or meeting our close ones. But due to this dreadful situation outside, it’s better to take care of ourselves at our home. It’s okay not to be okay during such tough times! But, do not lose hope over these rising numbers. It is a tough time, indeed, but stay positive and take care of yourself. This too shall pass!

Well, before coming to any decisions, take a pause and think about what makes you happy. This pandemic has allowed us to take a break from our busy lives and give ourselves some time. Focus on the pros before you list out the cons.

Here are some tips and methods that you must take a read, for your mental wellness.

Focus on your skills and work
Learn from the first wave experience of yours
Reach out to your mental health needs
Write down your emotions
Don’t believe WhatsApp forwards
FAQ

Focus on your skills and work

Things have absolutely changed as compared to before Covid situation. Many startups and businesses are going through some major downfall. The revenue and responses are degrading and the true potential of entrepreneurs cannot be discovered. Meanwhile, the cases are rising with dreadful speed. But, we know it’s not entirely in our hands, so instead of stressing over the corona cases, focus on brushing up your skills and your work through a digital platform.

Utilize your time and energy towards the productive aspect of your life. Learn new skills and work on the digital platform for the uprise of your business and work. Seek out every opportunity and utilize it by being productive over your work. Evaluate your working performance and strategize on the areas where you lack. This would help you to be a productive and better version of yourself.

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StartupTalkyChayanika Goswami

Learn from the first wave experience of yours

When we look back to the first wave of the pandemic in the year 2020, we think about the chaos and the non-productive activities. Through the year 2020, we wasted a lot of time and ended up being entirely inactive. But, now as we again go through the same phase, we need to be more proactive and not repeat our mistakes from the first wave.

We went through some rollercoaster of emotion back then, but now we need to focus on our priority and deviate our mind from the stress to something we like doing. Take a tiny step ahead and get started with what you need to utilize your energy in.

Story of Now&Me – How two college girls are helping people achieve mental health

Company Profile is an initiative by StartupTalky to publish verified informationon different startups and organizations. The content in this post has been approved by the organization it is based on. With all the awareness initiatives and the movements taking place in the fieldof mental health, …

StartupTalkyVidhi Punamiya

Reach out to your mental health needs

We are all different from each other and so are our minds. Every human being is made structurally, emotionally, mentally, and physically different from others. Therefore, the requirements and needs for each individual are different and special.

We need to identify those special and distinct needs of our mental health and strategize our way to have them. Our mind is very delicate, so it requires special care. Every individual has their way of dealing with situations.

Some like working on themselves to cope with mental stress while others might need some alone peacetime with themselves. We all are unique and special in our way. So, focus on your mental health needs.

Mental Health Tips

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Write down your emotions

Not everyone is a writer, well, that’s true. But, writing your emotions doesn’t mean you have to show them to someone, you are doing that for yourself. You are fighting your battles and you are expressing them in your writing. You do not have to write a masterpiece or something.

Just write down your emotions and work on your mental peace. Writing is an excellent form of expression that helps you gain mental resilience. Psychologists say writing is an incredible therapy that lets your deepest emotions come out on paper. Write about your thoughts, frustrations and experiences on the pandemic and how it is affecting your mental health.

When we feel anxious, writing is the best way to calm down. This would absolutely help you in knowing facts and things that are majorly affecting your mental health.

Our mental health is affecting the most during the pandemic and for that, we need to work on ourselves to face those devastating consequences. Writing is the best way to cope with it. Try it and you will feel the difference.

Don’t believe WhatsApp forwards

There are a lot of rumours out there that we are making so much panic among the people. When we know that there is still hope outside and doctors, bed are absolutely available for those who are suffering and people are helping, it helps our mental stress to calm down. And we get the comfort that we need. But, those rumours spreading around are making things worse for people. It is affecting our mental health so much.

It’s not that you should not keep yourself updated, but don’t obsess over the numbers and situations. Check once to keep yourself informed about the situation but, don’t believe everything that comes on WhatsApp. Check the updates from an authentic source. And, stay safe.

FAQ

What are the 7 components of mental health?

The Seven Dimensions include Physical, Intellectual, Environmental, Vocational, Social, Emotional and Spiritual health.

How can I improve my mental happiness?

Manage your stress levels, Boost your self-esteem, and Talk and share, These tips will help you improve your mental happiness.

Does mental health bring happiness?

According to the Origins of Happiness report, eliminating mental health issues such as depression and anxiety would increase happiness by 20%.

Conclusion

We don’t have any specific idea on when this pandemic is ending. But, we should not lose hope for it. We do know this will be over. And until then, we need to take proper care of our health as well as our mental health. Stay home and stay safe.

May 10, 2021
All the latest donations from Big Companies to India for fighting the Second Wave

The increase in the Covid-19 cases has led to a lot of tech companies and big corporates helping India during the crisis. The second wave of the coronavirus pandemic has hit India really hard with the daily cases rising and the deaths in the country increasing.

The citizens of the country are finding it hard to access the basic medical requirements. This is when a lot of companies have come forward to help India. Let’s look at the latest donations from big companies for India in order to fight the Covid-19.

Pfizer
Mahindra Group
Sony Group
Qualcomm
SpiceJet
Google
Xiaomi India
Microsoft
Amazon
Paytm
Ford Motors
One Plus
FAQ

Pfizer

Pfizer which is an American based pharmaceutical company has announced that it will send medicines for the treatment of Covid-19 to India. The company announced that it would send medicines worth USD 70 million (around INR 510 crores) to India from its distribution centres.

Albert Bourla, the CEO of Pfizer said in an email that to the employees of India that the company is deeply concerned about the critical condition faced by India due to Covid-19.

Mahindra Group

The chairman of Mahindra Group, Anand Mahindra has launched a project in Maharashtra called as Oxygen on Wheels. This project will focus on the easy transportation of oxygen from production plants to hospitals and homes amid the coronavirus pandemic.

Anand Mahindra had posted a tweet that conveyed that in the current situation oxygen is the key to reduce mortality and the problem is not the production of oxygen but the transportation and he added that the company is trying to bridge the gap between that.

Sony Group

Sony Group had also recently announced that the company will provide a donation of around USD 1 million (around INR 7.4 crore) in order to help India amid the Covid-19 crisis. The company said that it would procure PCR testing machines and oxygen for medical purposes by donating the amount to UNICEF and other organizations.

Qualcomm

Qualcomm which is a chipmaker had recently announced that it would provide a donation of around USD 4 million (around INR 30 crores) to India amid the surge of Covid-19. The company said that one of the key strains faced by the company is the shortage of medical supplies and lifesaving equipment.

The company said that they have been thriving hard and actively working towards finding ways to provide relief to the Indian community through philanthropic activities.

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SpiceJet

SpiceJet has announced that the cargo arm of the company SpiceXpress has airlifted more than 4,400 oxygen concentrators from different countries such as Hong Kong, USA, Singapore and China in the last two weeks.

The company added that they have transported around 34 million doses of vaccines for Covid-19 to India between January 12 and April 12 and also around 700 concentrators from China to New Delhi.

Google

Sundar Pichai, the CEO of Google and Alphabet announced that the company will be donating an amount of INR 135 crores to India in order to fight against the coronavirus pandemic. The company will provide funding for two grants.

The first grant will be given to GiveIndia in order to provide cash assistance to the families that have been affected due to the Covid-19 crisis. The grant amount is expected to be around INR 20 crore.

The second grant will be given to UNICEF in order to provide oxygen and the required medical supplies and testing equipment.

Xiaomi India

Xiaomi which is one of the leading smartphone companies in India had announced that it would provide an amount of around INR 3 crore to India. The amount will be for procuring 1000+ oxygen concentrators.

The CEO of the company conveyed that these oxygen concentrators will be supplied to the hospitals and the state governments according to the requirement. The company also announced that it is working together with GiveIndia to help the frontline workers of the country by raising a capital of INR 1 crore.

Microsoft

The CEO of Microsoft Satya Nadela had announced that the company will help India in purchasing critical oxygen concentrators and also added that the company will use its resources, voice and technology to help India fight against the Covid-19 pandemic.

Amazon

Amazon India has been collaborating with different organizations in order to urgently lift oxygen concentrators of around 8,000 and 500 BiPAP machines from Singapore. The company conveyed that it would take care of the cost for lifting the concentrators and BiPAP machines through Air India and other national carriers.

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Paytm

The CEO of Paytm Vijay Shekhar Sharma had announced on Sunday that the Paytm foundation will raise an amount of INR 2 crore through donations for oxygen concentrators. Paytm also added that they would add the same amount of money towards the donation from the company.

Ford Motors

Ford Motors which is an American based automobile major has announced that the company will donate surgical masks of around 50 lakhs in number, 1 lakh N95 masks and 50,000 gowns in order to fight against the Covid-19 second wave in India.

The company said that Ford Fund will also donate around USD 200,000 (around INR 1.5 crore) to support various organizations that are providing Covid-19 relief in Brazil and India.

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One Plus

One Plus one of the premium mobile phone brands in India has said that it would donate around 400 oxygenators in order to help the Indians to fight against the Covid-19 pandemic. The One Plus Global community has also expressed their interest in making contributions for the country.

The company has also tied up with GiveIndia in order to raise funds for the frontline workers in India.

FAQ

What is the current Covid situation in India?

India is in the midst of second wave of COVID-19 and is recording over 300,000 daily coronavirus infections.

Who issued the official name of COVID-19?

The official names COVID-19 and SARS-CoV-2 were issued by the WHO on 11 February 2020.

Which Covid vaccine is used in India?

Covishield vaccine, manufactured by Serum Institute of India, and Bharat Biotech’s Covaxin are being used for the vaccination programme.

Conclusion

The second wave has been increasing and the situation of the country is worsening as days pass. The governments and different organizations are working together in fighting the second wave of the Covid-19 pandemic. There are also many individual volunteers and foundations providing support to fight the country against the deadly virus.

May 8, 2021
Logistic startups that are helping deliver oxygen cylinders in India

“Not all heroes wear capes”, this saying was realized when Indian Logistics companies started pitching in to meet the shortage of oxygen during the Covid crisis. It is not possible to set up new oxygen plants or expand the old ones in a limited time. That’s why the focus had to be shifted to logistics.

During the first wave, the demand for oxygen went north from 700 MTPD (Metric tonnes per day) to 2,800 MTPD. The second wave launched it even higher to 5000 MTPD. This puts immense pressure on local bodies to deliver the requirement on time.

In this case, logistics entrepreneurs have come out as saviours. They are working were both solely and in collaboration with government bodies and international firms to meet the rising demand.

Below is the List of logistics companies that are helping deliver oxygen cylinders in this oxygen crisis:

Delhivery
Mahindra Logistics
Loginext
FAQ

Delhivery

Gurugram based unicorn startup, Delhivery has been contributing to meet the supply of oxygen cylinders. The CEO of Delhivery, Sahil Barua, seeks help from international firms while he plans to import oxygen from countries like China. The company is reaching out to people through social media to provide logistics support.

Chartered flights brought in oxygen cylinders on April 28 and April 30 from Shanghai to Delhi. Nitin Goyal promises to provide end-to-end support to anyone who asks for it. He provided his email, i.e., nitin.goyal@delhivery.com, where the requester can provide the details of volume and address

“We are flying charters into India with oxygen concentrators and other essential supplies and can build more capacity on demand.” – Sahil Barua, CEO Delhivery

A group of Gurugram based startup founders launched, “Mission Oxygen”, to meet the oxygen demand. They managed to raise 4.60 crores and aim to reach the target of 5 crore INR to deliver 3000 oxygen cylinders. The mission was funded by many businessmen and Bollywood celebrities.

The situation has gone so bad that patients and even doctors have resorted to social media to ask for help. In the scenario, government bodies have been proved to be unprepared. The startups on the other hand are well equipped with their advanced technology and measures that can provide valuable solutions. They gather funds and quickly put them to use.

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Mahindra Logistics

Amidst the havoc, Mahindra Logistics has emerged as another saviour as it launched, “Oxygen on Wheels” (O2W). They aim to deliver oxygen all around Mumbai to meet the shortage of oxygen.

Maharashtra is among the topmost affected states where the oxygen demand has sky-rocketed. Mahindra deployed over 100 vehicles in Mumbai, Pune, Thane, Pimpri Chichwad, Chakan, Nasik, and Nagpur.

The company has partnered with administration and local government bodies to fight this battle. Mahindra plans to supply oxygen in Delhi too. Since the condition is worsening and effective distribution becomes crucial, it is also planning to deliver oxygen directly to the homes of the patients where the condition is critical.

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Loginext

Loginext is Mumbai based logistics startup that has also pitched in the meet the demand. It plans on collaborating with Brihanmumbai Municipal Corporation (BMC) to deliver oxygen cylinders to the needy. It has also collaborated with over 50 delivery platforms to launch an oxygen-delivering service.

Dhruvil Sanghvi, CEO of Loginext understands that the bigger problem lies in distribution rather than the supply. That’s why they are working with local government bodies to ease the distribution.

Indian Air Force has also been lifting and delivering oxygen cylinders and other medical supplies. They are even lifting medical staff from different places and bringing them to required locations. Till now they’ve managed to lift cylinders from Bangkok, China, Singapore, and UAE to help the country in this crisis.

FAQ

How is oxygen delivered at home?

Oxygen is usually delivered to home as compressed oxygen gas or as Liquid oxygen.

Do oxygen concentrators run out of oxygen?

Oxygen concentrators does not run out of oxygen.

Can I import oxygen concentrator to India?

The Delhi High Court on Wednesday asked the finance ministry to consider exempting oxygen concentrators imported by individuals for personal use from integrated goods and services tax.

Conclusion

As India battles with the second Covid wave, we are faced with an ever-present logistics problem. But these companies with the help of others have proved that where there’s a will, there’s a way. While they continue to distribute oxygen, we can contribute by staying at home and following guidelines.

May 8, 2021
Why E-pharmacy firms saw huge order surge in second wave of pandemic

The second wave of the Covid-19 pandemic in India has led to the significant growth of online pharmacies. The lockdown being implemented in various states and the strict restrictions have led to the surge in for medical devices and PPE kits by the consumers through e-pharmacies. Let’s look at the growth of e-pharmacies in India.

Growth of E-pharmacy market
Growth of 1mg
Wellness Forever Medicare
Other E-pharmacy companies
Reason for the order surge
Demand for Covid-19 related products
FAQ

Growth of E-pharmacy market

The growth of the e-pharmacy sector has increased by up to 35 % compared to last year according to Industry trackers which is almost 3 times the expansion in the number of consumers ordering medicines and the essential substances for Covid-19 online. They claim that the sector is expected to witness much more growth in the current year as well.

Ankur Pahwa who is the Partner and National leader for the E-commerce and Consumer Internet sector of EY India had said that since the base is much more larger, they expect the growth to slow down. He added that the sector will not be able to see a growth of 40-45 % this year, but is still expected to remain high because of the increase of digitalization in the country.

EY has an estimation that the online pharmacy sector in India will grow to around USD 2.7 billion by the year 2023 from USD 360 million in 2019.

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Growth of 1mg

1mg is one of the top 3 e-pharmacy firm in the country. The company has said that there has been an increase in the medicines such as Fabiflu and Doxzee which is said to treat the mild cases of Covid-19. The company said that there was an increase of around 40x to 50x in the month of April 2021 compared to March 2021.

The company said that the sales of these drugs would have been higher if they wouldn’t have faced challenges regarding the supply of the drugs. 1mg reported that the demand for the Covid-19 related products was 5 times more in the month of April 2021 compared to the previous month March 2021.

Wellness Forever Medicare

Wellness Forever which is an omnichannel pharmacy chain has said that their orders have increased due to the second wave by around 25 %. The company has said that they have seen an increased demand for medical devices such as thermometers and oximeters, medicines and FMCG products.

Gulshan Bhaktiani who is the co-founder of Wellness Forever Medicare said that the company has seen a similar rise in order over different mediums such as walk-ins, app and calls. The company’s revenue had seen an increase of around 25 % for the year ended March 2021.

Indian pharmaceutical sector growth

Other E-pharmacy companies

Pharmeasy which is backed by Prosus and the leader of the online pharmacy market in India said that the company is looking forward to provide vaccination for around 30 million people. The company wants to become the largest private player in the vaccination drive in India.

It is planning to work with Corporates, healthcare providers and resident welfare associations.

Even the healthcare booking platform Practo has said that it is planning to largely work with corporates in order to provide vaccination to around 10 million people. The company has already confirmed that around 500 corporates have shown interest and have an employee strength of 1 million.

The company said that it is looking forward to work with around 1,000 companies for the first round of the vaccination drive.

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Reason for the order surge

The increase in the cases due to the second wave in most of the metro cities and this leading to lockdown and strict curfews have made the consumers to order the medicines and the Covid related items online rather than visiting offline pharmacies and diagnostic centers.

According to the company executives and industry experts, this is the major reason for the increase in sales by up to 25 – 65 % for online pharmacies.

Demand for Covid-19 related products

Prashant Tandon who is the co-founder of 1mg said that there is an unlimited need by the consumers currently and the company is investing on an active basis to ensure the supply chains can reach the demand of the consumers.

He added that the consumers are very anxious and fearful about exposure as they get their lab tests and medicines.

The demand for Covid-19 related products such as pulse oximeters, oxygen cans, masks, PPE kits, supplements such as Zincovit and Limcee is similar in all the major online pharmacies according to experts.

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FAQ

How do online pharmacies operate?

Customer requests for products on an online platform. The request is sent to an off line brick and mortar store. The prescription is validated and verified by pharmacists and only then the order is accepted for fulfilment.

Does online pharmacy require drug license?

Yes, online pharmacy businesses require drug license.

What is an online prescription?

Online prescription enables people to compare treatment prices, find a healthcare provider, and schedule an appointment all in the comfort of their own home.

Conclusion

The second wave of the Covid-19 pandemic is the main reason for the growth of the e-pharmacy business around the country. We may be able to see an increase in the growth of industries in the coming years.

May 8, 2021
Why does Bill Gates Believe “the world will be normal by 2022”

The coronavirus pandemic has affected almost all the countries across the globe. The lockdowns and various other restrictions have hit the major developing and developed countries’ economies and the lifestyle of the people. But Bill Gates believes that everything would get to normal by 2022. Let’s look at why Bill Gates believes in it.

About Bill Gates
Bill Gates Interview
Covid-19
FAQ

About Bill Gates

Bill Gates is not only a business Magnate but also an author, philanthropist, investor and a software developer. He is one of the richest men in the world. Bill Gates is the founder of Microsoft and has served in the company as a chairman, Chief Executive Officer (CEO), Chief Architect Software and as the President of the company. Currently, he is the Technology Advisor of Microsoft.

Bill Gates also holds the titles such as Co-chairman and co-founder of Bill and Melinda Gates Foundation, Chairman and founder of Branded Entertainment Network, Chairman and Founder of Cascade Investment and the Chairman and co-founder of TerraPower.

Bill Gates was born in the year 1955 in Washington, United States. From the year 1987, he has been included in the Forbes list of the world’s wealthiest people.

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Bill Gates Interview

In an interview with Sky News, Bill Gates had said that he believes that the world will completely return to normal by the end of next year, i. e 2022. He added on explaining that he believes so because of the high rate of implementation of the Covid vaccines in the developed countries such as the United Kingdom and the United States of America and he says that these countries will help the developing countries get the vaccines by the end of this year.

Bill Gates further added on saying that he although doesn’t expect the vaccines to completely eliminate the presence of the vaccines in the same year but the number of cases is expected to reach to a very less amount.

Bill Gates Interview

He said that he was not surprised with the fact that the developed countries gave first priority for their citizens to provide vaccines. He criticized it by saying that right now the people in their 30s in the developing countries could get vaccines while those over 60 years old in Brazil or South Africa are yet to receive a shot.

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Covid-19

The Covid-19 virus had started infecting people at the end of 2019 and has widely spread to almost all the countries since then. In the year 2020, the entire world had been hit by the pandemic leading to a lockdown in almost every part of the world and millions of people losing their life.

Currently, there are around 3.14 million people who have died because of the virus and 149 million cases recorded globally. This deadly virus has been increasing since then.

The second wave of the Covid-19 had started in the early 2021 and India is a country that is currently being affected on a large scale. Lockdowns have been implemented in several states. The total Covid cases recorded in the country alone is around 4.41 million with around 66, 179 deaths.

The vaccination drives have been started in the country and as of 27 April 2020 around 1.7 % of the population has been fully vaccinated and around 8.9 % of the people have received at least a single dose of the vaccine.

Currently, the only Country which was successful in fighting against the virus was Israel. They have officially announced that people in the country will not require to wear masks anymore.

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FAQ

Is Bill Gates the richest man alive?

No, Bill Gates is not the the richest man alive.

What is the net worth of Bill Gates?

The net worth of Bill Gates is 13,100 crores USD as of 2021.

How did Bill Gates become famous?

Bill Gates cofounded Microsoft Corporation, the world’s largest personal-computer software company.

Conclusion

The entire human race also wants the pandemic to get over and the normal life to begin as soon as possible. We can expect and hope to see many more countries being successful in fighting against this deadly virus.

April 29, 2021