The report is an analysis of the patents filed in the US by India-domiciled companies as the country remains a major export market for the Indian technology industry. US accounts for close to 62% of tech exports in FY2022, and would continue to drive share of tech patents as it reflects a start-up promotive and IP-right friendly environment, the report said.
Founded by Cator, the investment platform will look to back high-growth Asian consumer companies with an online or offline presence in sectors ranging from FMCG to education and healthcare services.
The acquisition will be in phases, with Veranda taking over 80% of the outstanding capital along with management control in the first phase, it said in a statement.
Yanamandra joins the Noida-based financial services company from the New Development Bank in Shanghai, where he served as chief of the compliance division.
Subramanian is one of the four cofounders of the San-Francisco headquartered company which belongs in the crop of VC-backed decade-old Indian-origin SaaS companies hitting key revenue and market milestones globally.
Cloudtail, set up in 2014 as a joint venture between Amazon and Infosys founder NR Narayana Murthy’s Catamaran Ventures, is one of the largest sellers on Amazon India.
Despite the new title, the Twitter cofounder's job at Block will ultimately remain the same: there will be "no changes in Dorsey's roles and responsibilities, and he will continue to serve as principal executive officer of the Company".