Upcoming startups of India, companies, and investment or VC firms in India have been taking a progression of prompt measures to ward off the ongoing crisis due to COVID-19 pandemic. Organizations including taxi network Uber, accommodation inn network OYO, Paytm, understudy co-living stage Stanza Living, new produce startup Ninjakart and food delivery major Zomato have reported prompt measures including setting up of funds and giving financial assistance.
Furthermore, the rundown is just developing as time passes. Joining such an association of upcoming startups in India, new companies, and unicorns, ride-hailing significant Ola on Friday declared the dispatch of 'Drive the Driver Fund' under the aegis of its social government assistance arm, Ola Foundation.
Ola and Uber have been the most successful Entrepreneurship stories in the recent past. The ride-hailing firm intends to help auto-rickshaw, taxi, and cab drivers, through commitments from the Ola gathering, investors and by means of a crowdfunding stage for residents and different establishments. The returns of the fund will help towards the government assistance and upliftment of drivers and their families who have been influenced by the restrictions because of the COVID-19 pandemic. While its opponent Uber India is giving financial assistance to partner drivers, who are determined to have COVID-19 or put in singular isolate by a general wellbeing authority.
A week ago, home services commercial center Urban Company (prior known as UrbanClap) in a partnership with altruistic trust Srinidhi Foundation propelled a relief fund to help gig laborers and self employed entities on its foundation. Till date, the organization asserted to submitted Rs 1.5 Crore towards this fund. The organization has likewise declared an intrigue free business advance of Rs 11 crore for about 22,000 service partners.
Food delivery giant Zomato on Friday set up a fund called 'Feed the Daily Wager' to assist day by day with pursuing laborers. Up until now, Gurugram-based firm has gathered over Rs 10 crore. The organization additionally declared measures to help its partner cafés and delivery young men.
Other upcoming startups in India such as Funding firms are additionally doing their bits to add to endeavors against Coronavirus. On March 25, the Indian arm of Silicon-Valley-based effect investor Omidyar Network had reported $1 million venture for a fast reaction. Through the venture, it tries to serve most powerless areas, for example, – the sellers, day by day breadwinners, the gig-economy laborers, and private companies, to be affected by Coronavirus pandemic.
VC funds including Sequoia Capital, Accel, Lightspeed Venture Partners and Matrix Partners India that have created a number of successful entrepreneurship stories are likewise supposedly intending to dispatch initiatives to ward off COVID-19 pandemic. They may before long dispatch initiatives to manage COVID-19.
