Here's How Entrepreneurs Reacted During COVID-19 Outbreak
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Entrepreneurs create their brands, and this pandemic has probably given them the opportunity to establish their uniqueness.
During such time of duress, many entrepreneurs are providing logical solutions that can change the scenario on its head and provide long-term vision—be it through re-planning, re-strategizing or moulding the thinking process. By doing so, everyone is hopeful that one adapt to the ‘new normal’ till the time eventually the world will goes back to normal.
In a webinar organized by Entrepreneur India, successful Indian startup founders and executives talked about the hurdles faced during the current pandemic, but more importantly the opportunities this situation has thrown open.
Prashant Tandon, co-founder and CEO at 1mg
According to Tandon, the entire logistics system got affected during the outbreak of the pandemic and the eventual lockdown. Also, the availability of the team was an issue but 1mg made sure to have virtual meets on a daily basis. Also, the startup took care of the cost structure as medicine is vital in such situations. Technology played a crucial role and keeping the customer engaged was the primary aim.
Greg Moran, CEO and co-founder of ZoomCar
During the lockdown wherein few businesses has scope for continuity, ZoomCar came up with a new initiative to help emergency deliveries. Also, they started to help government services. According to Moran, post the lockdown people will only go for safe transport. The startup is focusing on the demands of customers and how to maintain hygiene in cars.
Raghav Joshi, CEO, Rebel Foods India Business Unit
Rebel Foods faced challenges both on supply and demand side. While initially during the lockdown food delivery was not allowed, later it was categorized under the essential category. Apart from permissions, getting raw materials and availability of the goods, and the challenge of supplying the food were faced by Rebel Foods, according to Joshi. “Solving the issue in cities that aren’t much at risk was easy but was difficult at other places.”
Bipin Preet Singh, Founder and CEO of MobiKwiK
During the pandemic, digital means has expanded for digital loans, digital micro-insurance and any kind of investments. As for paying bills, cash payments became difficult and risky. According to Singh, the use of digital transactions increased and new customers also got added post the outbreak of the crisis. In fact, people flocked to buy health insurance online.