Paytm has urged users to donate for the same cause and it will match each donation to swell up to the total fund-raise for oxygen concentrators. (Representative image)
BENGALURU: Payments platform Paytm said it is aiming to raise Rs 10 crore to buy 3,000 oxygen concentrators amidst the ongoing oxygen supply crisis in India. The country is currently in the grip of a strong second wave of Covid-19 with record daily cases in India.
Paytm has urged users to donate for the same cause and it will match each donation to swell up to the total fund-raise for oxygen concentrators.
Over 1,000 oxygen concentrators worth Rs 4 crore have already been ordered through Paytm Foundation’s emergency relief funds, the company said in a statement. It will send these to government hospitals, Covid-19 care centres, private hospitals, NGOs and other relevant avenues.
Paytm said it is in talks with companies, non-resident Indians (NRIs) to join the cause and aggregate overall demand for bulk buying of oxygen concentrators.
Paytm has raised over Rs 1.5 crore within hours of starting the campaign, and with Paytm’s contribution of matching the amount, the total amount raised stands at Rs 3 crore.
“India is going through an unprecedented oxygen crisis right now and there are all kinds of oxygen support needed, large oxygen tankers, oxygen cylinders & then something that can produce oxygen locally which is oxygen concentrators. I also call upon other startups, businesses to join us and match rupee to rupee contribution to double the supply of oxygen concentrators. It will be a great support for India in the present oxygen crisis. I am sure by pooling in our resources we will be able to fight this crisis and come out stronger,” said Vijay Shekhar Sharma, founder and CEO, Paytm.