• CSR HEALTH

Cashfree supports Mission Oxygen to fight COVID-19

• nationalherald
• May 8, 2021

by Prashant Kapadia/NHN 

• Mission Oxygen is helping hospitals across India get access to oxygen supplies in the form of 10L/Min Oxygen Concentrators, and Oxygen generation plants.

• To help Mission Oxygen, Cashfree is contributing ₹1 for every ₹1 received as donation upto ₹40,00,000.

  • For the duration of the 40 lakh collection goal, Cashfree will be a preferred payment gateway used to accept donations by crowdfunding platform Ketto.

• Cashfree will be allocating the contributions from its CSR funds to support the campaign.

Bengaluru, May, 2021: Leading digital payments and banking technology company Cashfree has pledged to support Mission Oxygen, a campaign initiated by Democracy People Foundation, to help hospitals across India get access to oxygen concentrators. In association with online crowdfunding platform Ketto, the fintech leader will be contributing ₹1 for every ₹1 received as donation on the platform, up to a total of ₹40 lakhs, for oxygen concentrators. During the campaign, Cashfree will be the exclusive payment gateway used to accept donations by Ketto.

Mission Oxygen is aimed at helping hospitals across India get immediate access to oxygen concentrators and cylinders. This self-funded, 100% non-for-profit and charitable initiative, has already raised more than ₹27 crores as of 2^nd May, facilitating orders for more than 3,900 concentrators. Cashfree’s  support will further boost the numbers, ensuring more hospitals across rural as well as urban locations can be one step closer to hindrance-free oxygen supply.

Akash Sinha, CEO and Co-founder of Cashfree said, “With the number of COVID-19 cases increasing rapidly, India is now facing its worst oxygen shortfall. Numerous hospitals are seen reporting oxygen shortages, to an extent where lives are being risked. In light of these times, we are glad to partner with Democracy People Foundation for the initiative, #MissionOxygen, to facilitate concentrators for hospitals so that patients who need oxygen can have easy access to it. This collaboration will help tackle the crisis, by ensuring hospitals across all locations are adequately equipped with oxygen concentrators for emergency relief.”

Commenting on the partnership, Varun Aggarwal, Founder of Designhill and Trustee of Democracy People Foundation said, “Mission Oxygen, within 9 days of initiating the fundraise has already helped over 28 hospitals across the country with 144 oxygen concentrators. The foundation in a short span of time has put in strong governance and audit processes for assessing real time demand and allocation of more than 6,000 oxygen concentrators that have already been procured and expected to be distributed by May 20^th. We truly value Cashfree’s partnership in our endeavor to overcome the oxygen deficit at hospitals across India by supporting and enhancing the existing healthcare infrastructure to fight the onslaught of COVID-19.”

Commenting on the partnership, Varun Sheth, CEO & Co-founder,http://Ketto.org, said, “We are delighted to partner with Cashfree for their philanthropic endeavor to support Mission Oxygen. The initiative will help us to support hospitals with the maximum supply of oxygen concentrators and save as many as lives possible. At Ketto, we are constantly working towards bridging the accessibility and affordability gap. Since the past two weeks, Ketto has hosted over 2,500 COVID relief campaigns of which 30% have been for oxygen and COVID care supplies. So far have raised around INR 100 crore pertaining to COVID relief campaigns. We totally look forward to working with Cashfree and assisting them with their noble endeavor.”

Cashfree will be allocating the contributions from its CSR funds to support the campaign in channelling efforts towards pandemic relief in the country. Aside from the donation, Cashfree will also align with Democracy People Foundation and Ketto to raise awareness around the campaign and encourage contributions, through co-branded marketing activities.

About Mission Oxygen campaign:An initiative started by Democracy People Foundation, Mission Oxygen is a crowd-funded, 100% non-for-profit and charitable initiative aimed at helping hospitals across India get immediate access to oxygen concentrators and cylinders. Mission Oxygen has already raised more than ₹35 crores in 12 days since launching the crowd-funding campaign, that has been deployed in procurement of more than 6,000 concentrators, and funding a 35Nm3/hr oxygen generation plant at Delhi’s Deen Dayal Upadhyay Hospital. The team aims to distribute the 6,000 concentrators within the next 15 days to help hospitals with adequate supply across India.

About Cashfree:Cashfree is a leading digital payments and banking technology company that enables businesses in India to collect and send money via all available methods with a single integration. Founded by IIIT Hyderabad alumnus Akash Sinha and IIT Kharagpur graduate Reeju Datta, http://www.cashfree.com enables businesses with payment collections, vendor payouts, wage payouts, bulk refunds, expense reimbursements, loyalty, and rewards. Incubated by payments pioneer PayPal, Cashfree is backed by Apis Partners, Smilegate and Y Combinator.