Several Startups Join India’s Fight Against Second Wave of Covid-19

Several startup entrepreneurs, investors, and startup collectives have joined India’s fight against a ravaging second wave of Covid-19, donating funds and providing logistics to help hospitals procure oxygen and other essentials, and aggregating information that people in need can use. Several startup founders are rallying behind Action Covid-19 Team Grants (ACT Grants), which announced a plan to raise Rs 75 crore for home health management, oxygen solutions, vaccinations, and supplement medical workforce. It has already raised Rs 50 crore in less than 24 hours.

ACT Grants was founded last year amid the first wave of the Covid-19 virus outbreak when 34 founders along with 44 investment funds including Accel, Sequoia Capital, Matrix Partners, Kalaari Capital, LetsVenture, among many others, banded together to leverage innovative thinking and collaborative action to tackle challenges posed by the pandemic by creating a Rs 500-crore philanthropic fund.

Paytm founder and CEO Vijay Shekhar Sharma said it had internally raised Rs 2 crore to source 10,000 oxygen concentrators. Delhivery is providing logistical support on a subsidized basis for importing oxygen concentrators from China. Food delivery platform Zomato’s non-profit Zomato Feeding India has collaborated with Delhivery to raise Rs 50 crore for medical supplies, Deepinder Goyal, Co-founder and CEO of Zomato said.

Online travel company EaseMyTrip said it has started to import oxygen concentrators. “I thought it’s actually kind of a loot which is happening in India because of the situation right now,” said Rikant Pittie, Cofounder of EaseMyTrip. Payment gateway Razorpay is helping not-for-profit organizations collect donations for helping Covid-19 patients by activating their payments page within 24 hours and not charging transaction fees on donations up to Rs 10 lakh, the company said. The amount will be settled the same day without additional charge, it said.

Get Daily Prediction & Stocks Tips On Your Mobile

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More