Ranjan chandel articles
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Ranjan Pai, Axis Bank may back gold loan startup Rupeek
Manipal Group chairman Ranjan Pai’s investment office Claypond Capital and private sector lender Axis Bank are in talks to invest in gold loan startup Rupeek, according to sources aware of the matter. The round will likely see the valuation of the Accel- and Peak XV Partners-backed firm being cut, they said.Talks with Axis Bank are in early stages and the new investor consortium is finalising its plans, they said.“Pai’s office is looking to invest in Rupeek but the amount has not been finalised...
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Premji Invest eyes Nainital Bank stake; Ranjan Pai may back Rupeek
Happy Friday! Azim Premji’s family office is eyeing a majority stake in Bank of Baroda-owned Nainital Bank. This and more in today’s packed edition of ETtech Morning Dispatch.Also in this letter:■ Hiring spike at midcap IT firms ■ Freshworks CEO steps down■ Rakesh Singh is new Paytm Money CEOPremji Invest in talks to acquire majority stake in Nainital Bank 109799516Premji Invest, the family office of Wipro founder Azim Premji, is in talks to acquire a majority stake in Nainital Bank, people in...