Crisis and opportunity: 2020, the year of technology amid Covid-19 pandemic


Payments gateway Razorpay and investment platform Zerodha entered the billion-dollar club, as digital payments and investments boomed.

The boom in online education made a decacorn of learning platform Byju’s and sparked a flurry of investments in the edtech space, notably in Vedantu, Unacademy and Topprs. The trend is set to hold up.

It was time to say goodbye for one of the banking industry’s most prominent faces. After a 25-year stint that saw HDFC Bank go from a start-up to an industry leader, Aditya Puri stepped down as its CEO in October as he turned 70, paving the way for Sashidhar Jagdishan.

Mukesh Ambani’s Reliance Industries went on a fund-raising spree, ending the year with a Rs 1.25-trillion boost from a long list of investors, including Facebook. The gush of fund was chiefly into the telecom venture, Jio Platforms. Facebook’s Rs 43,574 crore for a minority stake in Jio was the largest FDI for a minority stake in an Indian tech firm ever.

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