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corona
Prakhar SharmaTop Contributor
Social media marketer, Content Writer
Asked a question 2 years ago

How big companies are approaching to help INDIA during COVID-19?

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Prakhar SharmaTop Contributor
Social media marketer, Content Writer
  • AngelList and Paytm have announced special funds to support innovators and researchers
  • Mahindra Group chairman Anand Mahindra is looking to manufacture ventilators in India to meet the shortage
  • Wingify founder Paras Chopra will host special virtual hackathons to develop possible solutions

After a group of founders and investors came together to call for a lockdown in India besides taking steps to create a quarantine app, the Indian startup ecosystem has shown that it’s more than just a collection of disparate companies, but actually a community that helps and supports each other.

AngelList Launches INR 50 Lakh Fund

For starters, the Indian arm of AngelList β€” US-based online platform for startups, angel investors and job seekers looking to work at or with a startup β€” has committed to invest INR 50 Lakh into the startups that are working on possible solutions for Covid-19 or coronavirus.

Paytm Commits INR 5 Cr For Indian Researchers

Digital payments giant Paytm has also announced that it will be investing INR 5 Cr to help innovators and companies in finding solutions to tackle the potential shortage of clinical ventilators and other medical equipment.

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