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NEWSLETTER - May, 2020
PORTFOLIO UPDATES

Meddo Health offers teleconsultation platform free of cost to doctors to battle coronavirus crisis

In support of the government’s recent regulatory go-ahead on telemedicine, Meddo Health, an outpatient care network, has launched an advanced teleconsultation platform for its doctors to use free of cost. With most outpatient care facilities not operational, many patients are not able to get clear health advice from doctors – both physicians and specialists. To address this need, the company now has a dedicated platform to serve patients seeking medical advice from qualified and curated set of specialists.

YuppTV launches edtech platform Yuppmaster

Video streaming platform YuppTV has ventured into the edtech space with a platform called ‘YuppMaster’. The platform is backed with superior tech infrastructure, specialized faculty members, live interactive classes, and is currently one of the most affordable platforms for IIT-JEE and NEET aspirants in India and the Middle East.

 

The platform has brought together top-notch faculty with experiences ranging between 10-25 years in mentoring students and live streaming technology to provide the best in class online education to students. All faculty members at YuppMaster are masters of the craft and have produced All-India Top-100 rankers for the past 15 years consecutively. All students across the nation will have access to the country’s best faculty, unlike students only studying in the top centres.

Rewards Network and Zuppler team up to offer new online ordering channels for restaurants

Rewards Network, a provider of loyalty-based marketing and financing services to the restaurant industry, announced a partnership with Zuppler, an online ordering solution for restaurants. This partnership was created to help Rewards Network restaurant customers by bringing online ordering solutions to those who don't already have one and making it available at a reduced rate.

 

For those customers who do have online ordering options, Zuppler provides some additional channels to diversify their takeout and delivery revenue streams. Zuppler is offering their solution at a reduced rate and with deferred billing to remove any financial barriers at this difficult time for restaurants. This partnership will also create a new channel for Rewards Network's members to place orders directly through Rewards Network dining programs.

Meddo launches COVID-19 testing in Delhi NCR

Meddo has started booking for COVID-19 (RT-PCR) testing in Delhi NCR, making it the first enabler in the capital. Meddo has partnered with ICMR authorized labs.

 

Meddo will enable patients to book COVID-19 tests on its website, app as well as through the dedicated support system. The pricing of the test will be Rs 4,500 as mandated by the government. Patients will be required to register on the platform and submit the requisite documents such as doctor prescription, Patient proforma TRF, Government among others.

Times Prime partners with HealthifyMe and Lybrate

Times Prime has partnered with health and wellness brands, HealthifyMe and Lybrate, to offer over Rs 3000 worth of additional benefits for free to help its new and existing users.

 

The new suite of health and wellness offerings that come as a part of the membership would offer subscribers multiple benefits like access to world’s first-ever AI-curated Smart Plans (diet plans) powered by HealthifyMe along with online tracking of over 55,000 foods on the HealthifyMe app and 24*7 access to premium online healthcare services on Lybrate’s app and website.

Edgetensor API to detect masks in the wild

The team at Edgetensor has been working to build a state-of-the-art system that can detect people with masks in the wild. Using existing cameras (Color, Infrared or thermal), Edgetensor API can detect mask in the wild running on commodity edge hardware platforms such as Raspberry PI 3 or similar and can alert when it detects a person who is not wearing a mask. This can be installed in airports, ports, borders, healthcare facilities, public transit, retail stores, senior living centers etc.

 
INDUSTRY UPDATE

The Pandemic will change American retail forever

We are entering a new evolutionary stage of retail, in which big companies will get bigger, many mom-and-pop dreams will burst, chains will proliferate and flatten the idiosyncrasies of many neighborhoods, more economic activity will flow into e-commerce, and restaurants will undergo a transformation unlike anything the industry has experienced since Prohibition.

 

The year 2020 may bring the death of the department store, marking the end of that 200-year-old retail innovation after decades of decline. Macy’s has furloughed more than 100,000 workers. While mom-and-pops and department stores will close, those industries that survive and are resilient to e-commerce encroachment—such as grocers and restaurants—are more likely, in the short term, to be dominated by chains that survive the flood.

An MIT Lab is building devices to hack your dreams

At MIT’s Dream Lab, a small team of researchers are creating technologies capable of mining the subconscious to prove the value of dreams.

 

Dream Lab, which was launched in 2017 as a division of MIT’s Media Lab Fluid Interfaces Group, is developing novel and open source wearable devices that track and interact with dreams in various ways. While part of this work aims to legitimize the idea that dreams are not just random mind slush, but access points to deeper levels of cognition, the larger goal is to show that when dreams can be hacked, augmented, and swayed, our waking lives benefit.

Why is Facebook betting $5.7b on Reliance?

Facebook’s venture with Indian oil-to-gas conglomerate Reliance could turn out to be instrumental to its plan to capture the country’s vast retail market and serve as a template for Southeast Asia or any region it hopes to enter.

 

Three days after the announcement, JioMart allowed customers to place orders from local grocers in three Mumbai neighborhoods. From order to delivery, all transaction-related communication takes place on WhatsApp – an approach that could come in handy for users as India is under a nationwide lockdown.

Sequoia Capital names 15 startups in third Surge cohort

Surge, a Southeast Asia- and India-focused accelerator run by Sequoia India, has unveiled the 15 companies that form its third cohort of early-stage startups.

 

According to a statement, the program has invested US$1 million to US$2 million in each of the participating startups, which come from Singapore, Indonesia, Vietnam, and India. Collectively, the Surge 03 startups have raised over US$39 million in their Surge rounds, the accelerator said. The startups are from varied sectors such as software-as-a-service, developer tools, consumer, food and beverage, education, and health.

 
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