Startup Valuation at Crossroads Investors Push for $200 Million Slash as Founder Seeks Board Approval In a pivotal moment for the beleaguered startup, investors are advocating for a dramatic reduction in its valuation to approximately $200 million. This contentious proposal has thrown the company’s future into uncertainty, prompting the founder and CEO, Kabeer Biswas, to …
Revolutionary Incubator Program Empowers Entrepreneurs with Up to $250,000 Funding Support In a bid to foster innovation and nurture budding talent, a groundbreaking incubator program is set to enroll between six to ten ‘teams’ each year. This initiative promises to offer substantial financial support, ranging from $50,000 to $150,000, with truly exceptional teams having the …
Coinbase’s Brief Entry into the Indian Crypto Market A UPI Rollercoaster Ride In April 2022, Coinbase, one of the world’s leading cryptocurrency exchanges, made a highly anticipated entry into the Indian crypto market, offering users the option to buy cryptocurrencies using the Unified Payments Interface (UPI). However, the excitement was short-lived as Coinbase swiftly shut …
Former Google Executive Kiran Mani to Lead JioCinema as CEO Aiming for Streaming Excellence In a significant development for India’s rapidly growing streaming industry, Kiran Mani, a former Google executive, is poised to assume the role of CEO at JioCinema, the streaming service owned by Reliance Industries. Mani’s appointment signals Reliance’s strategic intent to bolster …
Leadership Shake-Up at PayU CFO Moondhra and Global CEO Le Moal Step Down In a significant leadership reshuffle at PayU, Chief Financial Officer (CFO) Moondhra, a veteran who joined the company in 2015 after 13 years at V-Mart, is stepping down. This announcement comes on the heels of PayU’s global CEO, Laurent Le Moal, also …