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Cashaa Founder Kumar Gaurav steps down as CEO

Kumar Gaurav, Founder and CEO of Cashaa—a neo-bank in crypto businesses, has stepped down from his position.

Under Kumar’s leadership, Cashaa transitioned from a Bitcoin startup and ventured into the banking sector for crypto and high-risk businesses.

This development comes as Cashaa strategically shifts its business model, discontinuing banking services for crypto and other high-risk businesses to focus on introducing an alternative to bank accounts for the masses worldwide to increase crypto adoption.

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Kumar Gaurav, Founder, Cashaa

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Amjad Raza Khan, formerly the Chief Technology Officer (CTO), has been internally promoted to CEO. The company has already begun the corporate restructuring for the release of its global Cashaa account.

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Scaler invests Rs 50 Cr in Scaler School of Business

Scaler, an education provider in India, has earmarked Rs 50 crore towards developing its recently launched Scaler School of Business (SSB). 

These funds will be used to build offline infrastructure, design and update curriculum, establish partnerships with industry, and onboard world-class leaders as coaches, mentors, and instructors.

Additionally, the Scaler Innovation Lab, an incubator set up on campus, will be accessible to SSB learners. This platform will allow them to build and present prototypes, products, apps, MVPs, and more.

Volt Money partners with PhonePe for loans against mutual funds

Volt Money, a platform for instant secured loans against mutual funds, has partnered with PhonePe. With this partnership, PhonePe’s 535 million+ user base can avail of digital, low-interest loans against their mutual funds.

This partnership will integrate Volt Money’s seamless loan offerings into the PhonePe mobile app, providing users with 100% digital access to loans against their mutual fund investments.

Skechers signs footballer Sunil Chhetri as brand ambassador

Skechers has signed Indian National Football Team captain Sunil Chhetri as its ambassador to play as a forward in Skechers football boots and appear in marketing campaigns for the brand.  

Skechers designs, develops and markets a diverse range of lifestyle and performance footwear, apparel and accessories for men, women and children.

Sunil Chhetri said, “I am delighted to join forces with Skechers, a brand that is always innovating to achieve excellence. As someone who understands the importance of building and promoting sports in this country, I am excited to collaborate with a brand that empowers individuals to unlock their full potential, both on and off the field. I love the Skechers Football boots, and I look forward to helping players and fans across the country discover how amazing this brand will be for our sport.”

(This copy will be updated with the latest news throughout the day.)