WazirX to donate ₹8 crore for covid relief to 10 organisations

Nischal Shetty, founder and CEO of WazirX

2 min read . Updated: 01 May 2021, 03:14 PM IST Staff Writer

Entities across the spectrum have come forward to source and donate oxygenators, breathing machines, and ventilators as the surge in infections in the second wave of the pandemic has led an acute shortage of medical oxygen and hospital beds

NEW DELHI: India’s top cryptocurrency exchange, WazirX, on Saturday said it will donate ₹8 crore to 10 different organisations for covid-19 relief. These include Doctors for You, ACT Grants, KVN Foundation, as well as chief minister’s funds of Maharashtra and Karnataka.

The exchange had first announced its intention of donating for covid relief on 26 April.

'9,000 new oxygenated beds in 24 hours, if supplies are on time,': Delhi CM

1 min read . 04:07 PM IST

The home loan portfolio of the bank has crossed the milestone of Rs. 5 lakh crore, SBI says.

Premium

SBI reduces home loan interest rates. Details here

1 min read . 01:16 PM IST

The U.S. is suspending almost all travel from India beginning May 4 during a devastating Covid-19 surge that has shattered global records for new cases

Premium

India travel ban by US: Who are exempted and other details in 10 points

3 min read . 02:15 PM IST

The GST revenues during April 2021 are the highest since the introduction of GST even surpassing collections in the last month

Premium

GST collections surge to record ₹1. 41 lakh crore in April

1 min read . 03:05 PM IST

“Soon after the announcement, we pulled in some volunteers from our team together to form a covid-19 response group. The goal of this group was to identify the next steps and execute the fund deployment," WazirX said in a blog post.

The response group identified areas that needed help on a broad level.

The crypto exchange, which has over three million users in India, will donate Rs2 crore and Rs1.60 crore to ACT Grants and KVN Foundation, respectively, for oxygen supply, Rs1.20 crore to Doctors for You for covid frontline workers and vaccination camps and Rs0.94 crore to Akshaya Patra Foundation for dry ration distribution.

The company is also contributing Rs60 lakh each to the chief minister’s funds of Maharashtra and Karnataka.

Other in the list include Swades, Goonj, GiveIndia, and Dr. M.L.D Trust.

“Starting tonight, we’ll begin deploying funds to these organizations who will, in turn, use these funds to help fellow Indians in this pandemic! We’ll announce on Twitter once the funds have been deployed," it said.

Mastercard donates $8.9 million to install 2,000 portable beds in India

1 min read . 04:18 PM IST

RIL has supplied over 15,000 MT of oxygen in April to help nearly 15 lakh patients

Premium Premium

RIL increases medical grade oxygen production to 1,000 MT

1 min read . 02:54 PM IST

The stock market gives a glimpse of just how enormous these companies have become

Premium Premium

Five tech giants just keep growing

2 min read . 01:32 PM IST

Entities across the spectrum have come forward to source and donate oxygenators, breathing machines, and ventilators as the massive rise in infections in the second wave of the pandemic has led to hospitals in several states reeling under a shortage of medical oxygen and beds. The cryptocurrency industry in India is no different.

Vitalik Buterin, co-founder of Ethereum, had earlier donated more than $600,000 into a fund set up to fight covid-19 in India. This came after Sandeep Nailwal, co-founder of Ethereum scaling platform, Polygon, tweeted to run a covid relief fund.

Subscribe to Mint Newsletters

* Enter a valid email

* Thank you for subscribing to our newsletter.

Click here to read the Mint ePaperMint is now on Telegram. Join Mint channel in your Telegram and stay updated with the latest business news.