Unlike Delhivery and Oyo Hotels & Homes, its IPO is fully through primary share sale and doesn’t have an OFS (offer for sale) component. It filed the draft IPO papers in November to raise Rs 6,250 crore by issuing only new shares.
Several sources have told us that head of controls Madhuri Jain – who is also cofounder Ashneer Grover’s wife – wrote to the company board last week, accusing them of accepting a resignation letter she never sent.
ET has learnt through multiple sources that there was confusion between board members and BharatPe’s top management relating to Jain’s resignation. Managing director Grover offered the resignation of Jain, who reported to him, at a board meeting on January 19, several people told ET.
In October 2021, blockchain research firm Chainalysis had ranked India second globally in crypto adoption.
USA-TRADE-CHINA-U.S. adds e-commerce sites operated by Tencent, Alibaba to 'notorious markets' list
The new funding will allow Securonix to make investments in global talent acquisition, adding senior leaders across engineering, cloud operations, threats labs, and sales and marketing.
Using APIs and no-code customization custom capabilities, Nanonets gives organizations the ability to update internal systems to automate document workflows and financial controls.