As the Covid-19 pandemic has caused economic instability for companies, many Indian startups have responded by increasing employee stock options.  Companies increasing availability for their Employee Stock Ownership Programs (ESOPs) include Grofers, Paytm, Bounce, Zomato and Oyo. The stocks are mostly coming from those previously owned by founders, as reported by Economic Times.  “Any company […]

As the global need for protective face masks has risen during Covid-19, Nanosafe Solutions has created a new protective mask called ‘NSafe.’ Nanosafe Solutions is a biotechnology startup based in New Delhi. NSafe, which was unveiled on May 6th, has three layers and is currently in the manufacturing process.  “We believe this is the first […]

A travel startup focused on personalized experience packages, Flynote.in, sees impact of Covid-19 pandemic in employee layoffs.  The Bengaluru-based company was founded by Abhinav Prakash, Ankit Abhishek, Devvarat Meena, Parth Pratik and Shukant Agrawal.  Several of the 90 employees who were laid off, found out in an email, as reported by Livemint. The layoffs come […]

As part of the ACT Grants Initiative, stemming from the Covid-19 pandemic, investors, founders and other members of the Indian startup sphere have come together to fund companies and projects.  The initiative has seen 1,500 applications from startups so far, with 32 having received funding, as reported by TechCrunch. Selected startups are chosen by a […]