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An INR100 crore fund for 55 startups: can ACT Grants create an ecosystem that outlasts the pandemic?

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Synopsis

Launched during the first wave, the ACT Grants brought health and tech startups on board and funded them via grants for scaling up operations to fight Covid-19. While these startups did come together to fight the deadly outbreak, not all have tales of glory and greatness to tell. Here’s a deep dive.

Little did IIT-Delhi alumni Pawan Gupta and Abhishek Sharma know that their Gurugram-based startup is up for a sail in a rough sea. For Fashinza, founded in 2020, had it been a normal course of business, the first few months would have been busy in preparing the pitch deck for meetings with venture capitalists in the hope of raising seed funding. Instead, the startup was hit by one of the biggest disruptions of the century — the Covid-19

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