Startup Terminal
  • News
    • Technology
    • Funding
    • Tie-up
    • Acquisition
    • Australia Startup News
    • Singapore Startup News
    • India Startup News
    • UAE Startup News
    • UK Startup News
    • US Startup News
    • Launch
    • Video
  • Interview
  • Feature
  • Events
  • Variety
    • 40 Under 40 Award by Startup Terminal
  • Privacy Policy
  • Refund and Cancellation policy
    • Terms and Conditions
  • Contact Us
No Result
View All Result
  • News
    • Technology
    • Funding
    • Tie-up
    • Acquisition
    • Australia Startup News
    • Singapore Startup News
    • India Startup News
    • UAE Startup News
    • UK Startup News
    • US Startup News
    • Launch
    • Video
  • Interview
  • Feature
  • Events
  • Variety
    • 40 Under 40 Award by Startup Terminal
  • Privacy Policy
  • Refund and Cancellation policy
    • Terms and Conditions
  • Contact Us
No Result
View All Result
Startup Terminal
No Result
View All Result
Home Funding

Risers Accelerator to provide funding of up to INR 2 crore to startups working towards COVID-19 Relief

StartUp Terminal Bureau by StartUp Terminal Bureau
January 8, 2021
in Funding
0
Risers Accelerator to provide funding of up to INR 2 crore to startups working towards COVID-19 Relief
159
SHARES
2k
VIEWS
Share on FacebookShare on Twitter
New Delhi, India, May 20, 2020- The entire world is facing one of the greatest crisis ever in the history of humankind- the COVID-19 pandemic. It did not take this virus much time to crash the global economy and bring it to its worst. In our country alone, the total confirmed cases have crossed the 70,000 mark and the pandemic seems to be riding a scary exponential curve.
Risers Accelerator is actively working on the idea of nurturing and funding those startups that have emerged during this time of crisis as a solution to the direct and indirect issues that have been caused by the COVID-19 pandemic. They have announced a funding of up to Rs 2 crores to such innovative startups. They are also conducting digital meetings to hear the pitches and decide on the companies for funding. Few such companies that have really stood out include Mylocal99, AskExperts and LaunchMyDrug among others. 
Risers Accelerator has opened its doors to all those organizations that are working towards reducing the suffering of the people. It is welcoming startups that are supporting the healthcare fraternity with their innovative ideas; companies that are helping the MSMEs and other small businesses in managing income shortages when the whole economy has been brought to a halt; and companies that are supporting jobless people to manage with fund shortages. 
For instance, video conferencing apps have really emerged as a saviour for many businesses and institutions, as they are able to conduct webinars, online classes and remote meetings to keep things going. According to a report by App Annie, the video conferencing apps were downloaded 62 million times between March 14 and March 21 – in just one week! There are many such examples where startups have come up with these kinds of novel solutions. 
“We are hoping to attract and help as many people as we can through these start-ups that have emerged during this crucial time to help others. These are very difficult times that we are facing and the people who have stepped forward to help others should not be alone in this. Currently, we are hearing in a lot of innovative ideas and pitches and we’re engaged in selecting the most promising ones for funding and mentoring,” said Mr. Pravin Khandelwal, Partner, Risers Accelerator.
The need of the hour is to create an infrastructure that can help us ward-off the negative impact of COVID-19 on our economy and help people survive. Empowering innovative startups wouldn’t just help solve problems that people are facing, but it would also give a boost to the economic engine as well – not to mention the thousands of job opportunities that would be generated as a by-product.
According to a survey, the Indian startup landscape lost 50% of its funding by the month of March, as the investors have become stingy and wary regarding investing money in the startups. In the light of this data, the initiative by Risers Accelerator to empower startups becomes even more important, because our economy needs some sort of stimulus and the people need solutions to their problems. The scientists, engineers and doctors are collaborating worldwide to come up with a vaccine, but even if we go by the most generous estimates, it would still take 6 to 12 months to develop a viable cure. Given the scenario, the country cannot afford to sit and wait – there is an urgent need to come up with solutions that might help us manoeuvre around the problem and restart our economy somehow. Empowering innovative startups seems to be a positive step in that direction. After thorough research and discussion last month, Risers Accelerator has come up with this initiative, and they will soon be announcing the names of all the companies that they are going to be funding.



Tags: FundingNewsStartup News
StartUp Terminal Bureau

StartUp Terminal Bureau

Startup Terminal is a global news portal reporting news and analysis on technology, start-ups, and business-related news from all over the world. We exclusively feature entrepreneurs, startups, businesses, and technology companies to reach out to a wider audience. Contact us at editorial@startupterminal.com

Related Posts

Felicity Games Secures $3M to Redefine Global Game Publishing from India
Funding

Felicity Games Secures $3M to Redefine Global Game Publishing from India

March 11, 2025
NLB Services invests in Jagdish Mitra's industry-first GenAI IP-powered SaaS services venture Humanize
Funding

NLB Services invests in Jagdish Mitra’s industry-first GenAI IP-powered SaaS services venture Humanize

August 21, 2024
TraqCheck raises investment from Peyush Bansal and Caret Capital
Funding

TraqCheck raises investment from Peyush Bansal and Caret Capital

April 15, 2024
Next Post
Opinion: Impact of COVID-19 on the e-grocery industry and the strategy going forward

Opinion: Impact of COVID-19 on the e-grocery industry and the strategy going forward

How VMate creator and cancer survivor Guruchela Magic is helping frontline corona warriors in Rajasthan

How VMate creator and cancer survivor Guruchela Magic is helping frontline corona warriors in Rajasthan

U&i ventures into medical equipment; appoints Adah Sharma as its brand ambassador

U&i ventures into medical equipment; appoints Adah Sharma as its brand ambassador

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

Bex Gold, Founder of The Department of Brands

International Women’s Day: Interview with Bex Gold, Founder of The Department of Brands

4 years ago
PR emerges as a ‘Marketing Essential’

PR emerges as a ‘Marketing Essential’

5 years ago
Inaugural COMMUNICASIA AWARDS to take place as VIRTUAL EVENT during CONNECTECHASIA

Inaugural COMMUNICASIA AWARDS to take place as VIRTUAL EVENT during CONNECTECHASIA

5 years ago
Dr. Dad launches child-health services and products in India

Dr. Dad launches child-health services and products in India

5 years ago
Arun M. Kumar elected as Chairman & CEO of KPMG in India

Arun M. Kumar elected as Chairman & CEO of KPMG in India

8 years ago
No Result
View All Result

Must Read

Arab Aviation Summit 2025 Brings Industry Leaders Together Reinforcing Saudi Arabia’s Role as a Global Aviation Hub

Eire Gulf Appoints Saeed Rehman as Head of Pre-Contract

How to Align Promotional Products with Your Audience

Managing bereavement in the workplace

NLB Services invests in Jagdish Mitra’s industry-first GenAI IP-powered SaaS services venture Humanize

Strategic Staffing: Optimising Performance with Full-Time Remote Teams

Trending

KMH Events Rebrands to KMH Dubai as its Services Expand to Encompass Full Brand Support
News

KMH Events Rebrands to KMH Dubai as its Services Expand to Encompass Full Brand Support

by StartUp Terminal Bureau
May 15, 2025
0

Dubai, May 15, 2025: KMH Events, founded by entrepreneur Kelly Marie Hodgkin, has rebranded as KMH Dubai,...

Manifest Brings Instant, Legal Access to $35 Trillion U.S. Property Equity Market for Indian Investors

Manifest Brings Instant, Legal Access to $35 Trillion U.S. Property Equity Market for Indian Investors

May 8, 2025
Felicity Games Secures $3M to Redefine Global Game Publishing from India

Felicity Games Secures $3M to Redefine Global Game Publishing from India

March 11, 2025
Arab Aviation Summit 2025 Brings Industry Leaders Together Reinforcing Saudi Arabia’s Role as a Global Aviation Hub

Arab Aviation Summit 2025 Brings Industry Leaders Together Reinforcing Saudi Arabia’s Role as a Global Aviation Hub

February 9, 2025
Eire Gulf appoints Saeed Rehman as Head of Pre-Contract

Eire Gulf Appoints Saeed Rehman as Head of Pre-Contract

February 9, 2025
Startup Terminal Logo

Startup Terminal is a global news portal for Technology, Startups, and Businesses. Reporting on technology, start-ups, and business-related news from all over the world. We exclusively feature startups, and technology companies to reach out to a wider audience.
Startup Terminal is an official media partner at global conferences like:
#Mobile World Congress 4YFN,
#Barcelona, Spain
#ConnecTechAsia, Singapore (Formerly CommunicAsia)
#NXTAsia, Singapore
#Africa Com, Cape Town, South Africa
#Converge Events, Singapore
#young Startup Ventures, USA

Follow us on social media:

Recent News

  • KMH Events Rebrands to KMH Dubai as its Services Expand to Encompass Full Brand Support May 15, 2025
  • Manifest Brings Instant, Legal Access to $35 Trillion U.S. Property Equity Market for Indian Investors May 8, 2025
  • Felicity Games Secures $3M to Redefine Global Game Publishing from India March 11, 2025
  • Arab Aviation Summit 2025 Brings Industry Leaders Together Reinforcing Saudi Arabia’s Role as a Global Aviation Hub February 9, 2025
  • Eire Gulf Appoints Saeed Rehman as Head of Pre-Contract February 9, 2025
  • How to Align Promotional Products with Your Audience November 5, 2024
  • Managing bereavement in the workplace September 24, 2024
  • NLB Services invests in Jagdish Mitra’s industry-first GenAI IP-powered SaaS services venture Humanize August 21, 2024

Readers’ Choice

  • Aneesha Dalal, SHIAMAK Dance Academy

    Interview: Aneesha Dalal, Master Instructor and Principal Dancer at The SHIAMAK Dance Academy

    380 shares
    Share 152 Tweet 95
  • International Women’s Day Interview: Arpita Mehta, Fashion Designer

    348 shares
    Share 139 Tweet 87

© 2023 Startup Terminal - Leading digital news portal-Startup Terminal | All Rights Reserved.

No Result
View All Result
  • News
    • Technology
    • Funding
    • Tie-up
    • Acquisition
    • Australia Startup News
    • Singapore Startup News
    • India Startup News
    • UAE Startup News
    • UK Startup News
    • US Startup News
    • Launch
    • Video
  • Interview
  • Feature
  • Events
  • Variety
    • 40 Under 40 Award by Startup Terminal
  • Privacy Policy
  • Refund and Cancellation policy
    • Terms and Conditions
  • Contact Us

© 2023 Startup Terminal - Leading digital news portal-Startup Terminal | All Rights Reserved.