Zoho founder Sridhar Vembu contributes INR 25 Cr to PM-CARES Fund for COVID-19

The founder of India’s software behemoth Zoho Corp, Sridhar Vembu has reportedly donated INR 24 crore to PM-CARES Fund for Coronavirus relief. The announcement came yesterday via Vembu’s Tweet in which he acclaimed that the donation was possible because of the capital built by Zoho’s employees.

Yesterday Zoho Corp made a donation of Rs 25 crores to the PM Cares Relief Fund.

This donation was possible because of the capital built by our employees and the patronage of our customers. 🙏🙏🙏
— Sridhar Vembu (@svembu) April 8, 2020

Prior to the donation, Vembu tweeted that financial metrics are not of any success when it comes to suppress and fight crisis like COVID-19.

1/ Thinking beyond the pandemic.

Thanks to very bad monetary policy for a decade or more, we had an era of "overvaluation of every asset class". That was why I ignored bullshit metrics like financial net worth.

Let's think this through some more.
— Sridhar Vembu (@svembu) April 7, 2020

He also thanked the central government, state government of India, the police, health workers and civil servants for their efforts against the Coronavirus outbreak in response to his tweet.

4/ Governments in India, central and state, the police, the health workers and the civil servants have served us very well and as an Indian citizen I am deeply grateful to the Indian State for its governance and rising to this challenge.

They teach us in the private sector. 🙏
— Sridhar Vembu (@svembu) April 7, 2020

Zoho on March 17 filed a lawsuit against SaaS giant Freshworks for ‘Trade Secret Misappropriation’. The case is on the desk of the US District Court Northern District of California accusing Freshworks for violating the Defense of Trade Secrets Act; the California Uniform Trade Secrets Act; the International Interference with Prospective Economic Relations; Conversion and Unjust Enrichment.