Bumble to help SMEs with funds to counter covid-19 crisis

Bumble would be helping approximately 150 small businesses with monetary support across countries.

Social networking application Bumble will be funding approximately 150 small businesses which are impacted by covid-19 and are in dire need of funding.

The Bumble Community Grant launched by the app will be helping small business across the globe. It might support 150 small businesses across the globe with Rs 1 lakh in markets across US, UK, Russia, Germany, Australia, India, France, Canada & Mexico, Ireland & New Zealand.

The grants can be availed by users across the three modes of Bumble Date, Bumble BFF & Bumble Bizz. Users shall either seek the grant for themselves or nominate a small business within their community. Each user can nominate 5 local businesses, the form can be accessed by swiping right on the application within the app till April 5. Priority will be given to business founded by women entrepreneurs.

The application was started in India in December 2018 and has 3 million users, whereas globally it has 85 million users.

Priti Joshi, Vice President – Strategy at Bumble told ET, “It’s in our DNA to support the communities where we operate. We’ve long supported women in business and during these times, we wanted to do what we can to support small local businesses across the world. The initial response globally has been positive – and we are very much looking forward to supporting as many small businesses as we can. Now, more than ever, every bit helps,”

Covid-19 has impacted global supply disruptions and thereby affecting small businesses too due to lockdown. Bumble has taken an initiative  and will be making more additional donations to the tune of $100,000 to the WHO Solidarity Fund and another $100,000 to the national domestic violence hotline.