Founders of Indian start-ups, venture capital firms and independent advisors have joined hands to offer a Rs 100-crore ACT Grant for supporting innovators working on solutions for the deadly COVID-19, that has claimed thousands of lives globally. The ACT (Action COVID -19 Team) initiative has seen participation from venture capital firms like Sequoia Capital India, Accel, Lightspeed, Chiratae Ventures and SAIF Partners as well as individuals like Nandan Nilekani, Vijay Shekhar Sharma (Paytm), Kiran Mazumdar Shaw, Mukesh Bansal (cure.fit), and Abhiraj Bhal (Urban Company).