Paytm commits Rs 5 cr for developing coronavirus-related medical solution

By: |
March 22, 2020 2:46 PM

Digital payment platform Paytm committed Rs 5 crore for Indian innovators developing medical solutions related to coronavirus, its founder and CEO Vijay Shekhar Sharma said on Sunday.

Paytm arm gets IRDAI's brokerage licence to offer insurance productsPaytm commits Rs 5 crore for teams working on COVID-related medical solutions.

Digital payment platform Paytm committed Rs 5 crore for Indian innovators developing medical solutions related to coronavirus, its founder and CEO Vijay Shekhar Sharma said on Sunday. “We need more Indian innovators to start building such indigenous solutions for potential ventilators shortage and other COVID cures. Paytm commits Rs 5 crore for such teams working on COVID-related medical solutions,” Sharma said in a tweet.

He responded to a message floated by IISc professor Gourab Banerjee to reach out to a biomedical engineer with clinical ventilator experience handling mechanical ventilators on a daily basis. Banerjee in his message said that his small team of aerospace, electrical and electronics engineers are trying to put together a prototype ventilator using Indian ingredients on an emergency basis with intent to be ready if “COVID-19 situation becomes worse”.

Sharma said he has kept direct message option of his Twitter account open to get information about the team and innovators. The number of coronavirus cases rose to 324 on Sunday after fresh cases were reported from various parts of the country.

Get live Stock Prices from BSE, NSE, US Market and latest NAV, portfolio of Mutual Funds, Check out latest IPO News, Best Performing IPOs, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

Financial Express is now on Telegram. Click here to join our channel and stay updated with the latest Biz news and updates.

Next Stories
1B2B marketplace Flipkart Wholesale sees 3x jump in e-commerce adoption among kiranas in H1 2021
2ADQ in talks to infuse $400-500mn in Flipkart: sources
3WhatsApp is apparently sticking to using green colour for notifications in Android app