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Paytm s board games
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Paytm, which plans to go public in a few months, has agreed to give its founder
Vijay Shekhar Sharma the right to appoint one member to its board. The agreement, which is subject to Sharma meeting certain conditions, must first be approved by shareholders.
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Paytm’s Sharma can appoint one board member
Paytm CEO Vijay Shekhar Sharma will have ‘protective rights’ to appoint one member to the board, so long as he owns 2.5% equity in the company he founded and continues engagement with it in an executive capacity.
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Singaporean payments firm Nium raises more than US$200m to become unicorn Toggle share menu
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Singapore-based business payments firm Nium raised more than US$200 million in fresh funds in a round led by tech investor Riverwood Capital, it said on Monday (Jul 26), as it joined the unicorn club of start-ups valued at more than US$1 billion.
Including the latest round, which also saw participation from Singapore state investor Temasek Holdings, payments processor Visa and venture capital firm Vertex Ventures, Nium said it had raised nearly US$300 million in capital so far.
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