- 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 — US-based online platform for startups, angel investors and job seekers looking to work at or with a startup — 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.