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Australia announces support
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The Australian Consulate-General, Chennai, has come forward to join hands with India in its fight against COVID-19. It announced support to the Christian Medical College Hospital, Vellore, to set up additional beds and CabDost, a social enterprise, to feed the needy in south India.
According to a statement, the Consulate is providing around ₹15 lakh to help set up a 12-bedded ICU facility at the CMC hospital. The consulate is also providing ₹8 lakh to CabDost, a socially-driven tech-based start up working in the financially advisory space and helping taxi drivers.
Sarah Kirlew, Australian Consul General to south India, said Australia was pleased to partner with CMC Vellore and CabDost. “Our funding will help provide essential medical services to those in need, while helping those suffering financially due to the pandemic.”
Gig economy startup CabDost merges with neobank Dvara Money
The combined entity of CabDost and Dvara Money aims to facilitate the distribution of financial products and bring Urban Bharat within the formal financial umbrella.
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CabDost, the startup that helps taxi drivers and other gig economy workers in filing their taxes and planning their finances, has merged with Dvara Money, a neobank catering to India s growing urban gig-economy workers and the blue-collar segment.
In a statement,
Samir Shah, Executive Vice-Chair and Managing Trustee, Dvara Trusteeship Services Pvt. Ltd, said, CabDost has been working relentlessly over the last few years to encourage Taxi drivers in adopting the formal financial system, pay their income tax, in turn, making them eligible to plan their finances and access funds from banks, financial institutions and registered fintechs like Dvara Money. Together, we