Indian Startup Community Loosens Purse String To Tackle The Second Wave

While foreign governments and technology giants have lent support to India's fight against this deadly second wave, the Indian startup community has now come forward to provide a breather to the crippling healthcare system
Indian Startup Community Loosens Purse String To Tackle The Second Wave
Image credit: Pixabay
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India has been breaking world records everyday for the last five days. The record India is breaking, however, is nothing to be proud of, rather is a reminder of the crippling healthcare system the largest democracy has. In the last 24 hours, India has recorded 3,52,991 COVID-19 cases and 2,812 deaths.

While foreign governments and technology giants have lent their support in India’s fight against this deadly second wave, the Indian startup community has also come forward to provide additional support. Here’s a look at startup founders/investors who are doing their bit and even  inspiring others to help those in need. 

Delhivery

Delhivery
Sahil Baru, CEO and co-founder of Delhivery
Image credit: Delhivery

Delhi-based logistics and supply chain startup Delhivery will be flying charters with its airline partners from China to provide India with oxygen concentrators and other essentials, to build more capacity.

Paytm

Paytm
Vijay Shekhar Sharma, founder of Paytm
Image credit: Paytm

Vijay Shekar Sharma-led digital payment firm Paytm has opened a fundraise to its users and is matching donations of those who contribute. Sharma on Twitter on Monday announced that it has raised INR 1 crore from its users, and will add another INR 1 crore from its own pocket to source INR 2 crore worth of oxygen concentrators. Sharma said that the company is aiming to raise funds worth INR 10 crore. 

Polygon

Polygon
Sandeep Nailwal, co-founder Polygon
Image credit: Polygon

Sandeep Nailwal, co-founder of Polygon, has launched a fundraise where he is accepting funds in cryptocurrency. He has also pleaded the founders of the global crypto community to help India in this crisis. Nailwal is currently accepting all popular forms of cryptocurrency such as Bitcoin, Ethereum and Dogecoin, among others, and then it will be converted into fiat currency to purchase oxygen concentrators and other essential products. Nailwal said founders in the crypto community have reached out to him personally for support.

ACT Grants

ACT Grants
Representational
Image credit: Pixabay

Founded last year during the first wave by 34 founders along with 44 venture capitals such as Matrix Partners, Kalaari Capital, Sequoia India and Lets Venture, among others, ACT Grants is targeting to raise INR 75 crore funds for home health management, oxygen solutions, supplement medical workforce and others. Amazon India has already collaborated with ACT Grants, Temasek Foundation and Pune Platform, and is providing 10,000  oxygen concentrators and BiPAP machines in India.

Razorpay

Razorpay
Harshil Mathur and Shashank Kumar of Razorpay
Image credit: Razorpay

Digital payment gateway firm Razorpay is helping various NGOs who are collecting donations for COVID-19 patients. Razorpay has announced that any such NGOs with payment page without charging any transaction fee.The company said that the account will be activated within 24 hours and will charge no transaction fee upto INR 10 lakh. 

Democracy People Foundation

Democracy People Foundation
Representational
Image credit: Pixabay

Democracy People Foundation is a body founded by Rahul Aggarwal and Varun Aggarwal of Designhill, Uday Anand, founder of Crush Fitness India, Shiker Gupta, founder of Cuttlefish , Rahul Hari Saxena, founder of Satvacart. The body, which is raising its funds through Ketto.org, has till now raised around INR 8.52 crore. 

CRED

CRED
Kunal Shah, founder of CRED
Image credit: CRED
Kunal Shah-led CRED which recently entered the prestigious Unicorn club announced that its users can now donate CRED coins towards buying oxygen concerntrators for hospitals, healthcare organization across the country. The company is targeting to provide one billion litres of oxygen and has partnered with Milaap to ensure contributions reaches to required hospitals.

Others

Others
Pixabay
Image credit: Representational

Apart from them, other founders are working tirelessly to help the affected. For instance, Zomato though its non-profit Zomato Feeding India has collaborated with Delhivery to raise INR 50 crore for medical supplies. Sheroes, a networking platform, has vouched to train over 10,000 volunteers to keep hospitals from flooding over. Another logistics firm Porter has said that it will deliver essentials to COVID-19 affected families. 

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