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Fasanara Capital appoints former Shuaa Capital CEO to lead MENA expansion
VCCircle
·
4m ago
Medial
Fasanara Capital, a global investment management firm, has appointed Fawad Tariq-Khan as its managing director for Middle East operations. Tariq-Khan, formerly the CEO of Shuaa Capital, will lead Fasanara's expansion in the MENA region from Abu Dhabi, deploying its asset-backed finance strategies. With $4.5 billion assets under management, Fasanara offers fintech-originated asset-based lending. Tariq-Khan aims to leverage Fasanara's capabilities in private lending to benefit Middle Eastern businesses.
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MENA Digest: Global Ventures-backed Abhi leads fundraising this week
VCCircle
·
10m ago
Medial
Abhi, a UAE fintech startup supported by Global Ventures and VentureSouq, took the lead in fundraising activities in the MENA region this week. The company secured debt funding to support its expansion plans. Additionally, other startups like WellPal, AILA, and Moroccan proptech also successfully raised capital during this period.
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Stability AI appoints new CEO: report
Economic Times
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1y ago
Medial
British AI startup Stability AI has brought on Prem Akkaraju as its new CEO. Akkaraju, the former CEO of Weta Digital, is part of an investor group that includes former Facebook President Sean Parker, which has provided funding to Stability AI to help the struggling company. The new investment could lead to a lower valuation for the firm and may impact the stakes of existing investors. Stability AI had previously announced in May that it was in talks with investors for a significant equity investment.
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Cashfree appoints ex-Razorpay executive Harsh Gupta as CRO
Economic Times
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1y ago
Medial
Former Razorpay SVP Harsh Gupta has joined Cashfree Payments as its Chief Revenue Officer. In his new role, Gupta will oversee the company's growth strategies, sales, revenue operations, and market expansion in India. Additionally, Cashfree's Chief Business Officer, Arun Tikko, will lead the company's international expansion efforts. Cashfree Payments holds a payment aggregator license since December 2023 and currently processes over $80 billion worth of transactions annually, serving more than 600,000 Indian businesses.
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PayU Payments appoints former HDFC chief Renu Sud Karnad as new Chairperson
Livemint
·
1y ago
Medial
PayU Payments, owned by Prosus, has added five new members to its board of directors to enhance its strength and strategic guidance. The board now comprises seven members, with Renu Sud Karnad, former MD of HDFC, as the chairperson. Other new members include Gopika Pant, Managing Partner at Indian Law Partners, Jairaj Purandare, Founder and Chairman of JMP Advisors Pvt Ltd, Laurent Le Moal, former Global CEO of PayU Group, and Jan Bune, a former Partner at Deloitte Netherlands. The expansion aims to bolster PayU's presence in the evolving Indian payments landscape.
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Investcorp appoints former Tech Mahindra exec as senior operating partner
VCCircle
·
6m ago
Medial
Investcorp, a Bahrain-based alternative investment firm, has appointed former Tech Mahindra executive Vivek Agarwal as its Senior Operating Partner for India. Agarwal will lead the expansion into software and software services sectors and join the board of NuSummit, a digital transformation and cybersecurity services firm acquired by Investcorp for $120 million. With over 25 years of experience, Agarwal will enhance Investcorp's private equity and M&A activities, particularly focusing on the mid-market technology sector.
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BlueFive Capital beefs up top deck with another former Investcorp exec
VCCircle
·
9m ago
Medial
BlueFive Capital, an Abu Dhabi-based asset management firm, has hired Yasser Bajsair, the former CEO of Investcorp Saudi Arabia, to lead a key vertical. This move comes shortly after BlueFive Capital was launched by former Investcorp co-CEO Hazem Ben-Gacem. The appointment of Bajsair, who brings extensive experience in alternative investments, aims to strengthen the team and contribute to the firm's growth. BlueFive Capital is focused on providing liquidity solutions and is expanding its top leadership team with high-profile industry professionals.
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OpenAI appoints former Coursera executive Raghav Gupta as education vertical head - The Economic Times
Economic Times
·
17d ago
Medial
OpenAI has appointed Raghav Gupta, former Asia Pacific MD at Coursera, to lead its education vertical in India and APAC. The company plans to open its first Indian office this year and introduce India-specific educational initiatives, including a learning accelerator with IIT Madras, AICTE, and the Ministry of Education. Additionally, OpenAI announced a $500,000 grant for IIT-Madras to explore AI's classroom applications as part of its expansion efforts in this key market.
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Coca-Cola bottler SLMG appoints new CEO
Thehindubusinessline
·
1y ago
Medial
Coca-Cola bottler SLMG Group has appointed Costin Mandrea as its CEO. Mandrea, who has more than 25 years of experience in the beverage industry, previously held roles at Coca-Cola Hellenic and Coca-Cola Bottlers Japan Inc. SLMG Group chairman S N Ladhani expressed confidence in Mandrea's leadership abilities, stating that he is well-suited to lead the company's expansion efforts. Mandrea said he is eager to work with the team and use his experience to drive innovation and growth for the company.
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Paytm appoints gulf fintech veteran to run middle east biz
YourStory
·
3m ago
Medial
Paytm's parent company, One97 Communications Ltd, has appointed Ramana Kumar as CEO for its Middle East operations to drive international expansion amidst heightened competition in India. With over 20 years in the Gulf banking and fintech sectors, Kumar will lead Paytm’s growth in the UAE and the broader Middle East. The company aims to leverage its India-refined technology to cater to increasing digital payment demands and achieve international scaling beyond its home market.
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Google appoints former Apple executive Mitul Shah as MD for India smartphone business
Economic Times
·
9m ago
Medial
Google has hired former Apple India executive Mitul Shah as the managing director for its devices and services business in India. Shah will lead Pixel's sales and expansion strategies in the country, as Google aims to boost sales of its smartphone. He previously worked as the head of consumer sales for Apple in India. In a LinkedIn post, Shah expressed his excitement about being part of Google's mission to bring innovative technology to people in India. This move follows Google's efforts to manufacture Pixel smartphones in India to meet local demand.
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