More than 150 investors and entrepreneurs in India are funding dozens of projects in a bid to help millions better combat the COVID-19 epidemic and help the nation’s booming startup ecosystem withstand the economic devastation the pandemic has caused. From a report: The investors said they have contributed 1 billion Indian rupees — or $13 million — of their own money to the ACT Grants initiative, which was unveiled late last month. The group — which includes several prominent industry figures, including Nandan Nilekani, Paytm’s Vijay Shekhar Sharma, Flipkart’s Kalyan Krishnamurthy, Oyo’s Ritesh Agarwal, Udaan’s Sujeet Kumar, Freshworks’ Girish Mathrubootham, CRED’s Kunal Shah and Times Internet’s Miten Sampat — has funded 32 projects to date. These projects span six themes, including solutions that could help curtail the spread of the COVID-19 disease, development of testing and detection kits, building medical equipment such as ventilators and taking care of mental health. The group came together last month when India had just begun to see cases of the coronavirus disease. […] There have been 29,435 known cases of coronavirus in India, according to the Ministry of Health and Welfare. As of Tuesday evening, at least 886 people had died.
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Source:: Slashdot