Gig Workers Platform Vahan Bags $8 Mn From Khosla Ventures inc42.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from inc42.com Daily Mail and Mail on Sunday newspapers.
In his clarification, Nithin said the reported figure isn’t the actual salary that is being drawn, and that the resolution was merely an enabling one that allows them as working promoters to draw salaries up to the number in case of liquidity requirements.
The IPO is scheduled to take place in the October-December quarter this year. The company is looking at an enterprise value of over Rs 2 lakh crore for the IPO, which is likely to be discussed at its board meeting scheduled for Friday
Below the line
You earned it
The news about Zerodha’s founders Nithin and Nikhil Kamath making provisions to take home ₹100 crore each as annual salaries have set off a debate in the start-up world. Some, like Paytm’s Vijay Shekhar Sharma, came out in support of the Kamaths saying they need not offer any explanation. “You got to keep building, keep inspiring and keep winning. Success is the best answer to every question,” Sharma tweeted. For others, it seemed to be a case of sour grapes. “My salary is ₹3L/annum. I should have started a discount stockbroking company to add more zeros to my salary,” tweeted CRED’s founder Kunal Shah.