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Startup Street: Amazon ropes in kirana stores, Bugworks raises $7.5 million for clinical trials

Updated : April 24, 2020 10:07 PM IST

The battle to rope in local retailers and neighborhood stores in India has begun. A day after Facebook invested $5.7 billion in Reliance Jio Platforms where JioMart will partner with WhatsApp and connect consumers with local kiranas, online retailer Amazon has rolled out a pilot program called local shops on its platform.

The ecommerce giant plans to invest Rs 10 crore into the program and has on-boarded 5,000 local stores across the country. To talk further, Startup Street is in conversation with Gopal Pillai, VP - Seller Services, Amazon India.

Bio-pharma startup Bugworks Research has raised $7.5 million, led by university of Tokyo Edge Capital and Global Brain Corporation in Japan, along with Acquipharma Holdings, South Africa. They plan to use the funds to take a drug candidate from a pre-clinical to the clinical trial stage. The co-founder and CEO of Bugworks, Anand Anandkumar, tells about what this drug will be used for and when will clinical trials begin?

Various healthcare experts are reporting a steep rise in mental illness since the coronavirus outbreak. A recent survey conducted by the Indian Psychiatry Society revealed that there is up to 20 percent increase in cases related to mental health issues.

The report further stated that at least one out of every five Indians is suffering from mental illness during the nationwide lockdown. In fact business owners and employees are at a greater risk because of the negative impact on productivity and profitability.

In this episode we will explore ideas on how to keep yourself and the rest of the workforce motivated so that they can navigate through this crisis.

On the hot seat today is Doctor Shyam Bhat of Live Love Laugh Foundation and Saurabh Arora, founder & CEO of Lybrate.
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