As the pace of funding starts to decelerate, Elevation said it would look to deploy the fresh capital over a three-year time frame, unlike the previous fund which was more aggressively distributed among more than 30 startups last year.
The fintech firm, which informed merchants of its decision on Wednesday, has requested all its merchants to deactivate the service from their respective websites at the earliest.
Srikar Reddy will continue as MD and will transition to Dhir over the next nine to twelve months, the company said in a statement.
The move, which is reported to be in its early stages, comes as Meta grows its focus on services centered around the metaverse, a virtual environment where people interact, work and play.
Uber CEO Dara Khosrowshahi said that many products that are made by its engineering team in India are being introduced abroad like autos, inter-city and high capacity vehicles.
Grover also recently wrote an email to the company board on the issue of Koladiya’s alleged stake in the firm, asking the board to remove him immediately from the company, failing which he must write to the Reserve Bank of India (RBI) to revoke BharatPe's banking license and applied payment aggregator license.
Grover also recently wrote an email to the company board on the issue of Koladiya’s alleged stake in the firm, asking the board to remove him immediately from the company, failing which he must write to the Reserve Bank of India (RBI) to revoke BharatPe's banking license and applied payment aggregator license.