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Top executives, senior engineer quit crypto unicorn CoinSwitch Kuber to build Web3 startup

Former CFO of embattled e-commerce startup Zilingo Ramesh Bafna has taken over the reins as CoinSwitch Kuber's CFO. Both Zilingo and Coinswitch Kuber count Sequoia as one of their major investors

July 07, 2022 / 21:35 IST
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Three top executives and a senior blockchain developer of crypto unicorn CoinSwitch Kuber have quit the company at a time when cryptocurrency exchanges are seeing large drawdowns by investors.

Chief Financial Officer (CFO) Sarmad Nazki, Chief Business Officer (CBO) Sharan Nair, Senior Vice President Krishna Hegde and Yadunandan Batchu, a senior blockchain engineer, have left the company to start their own Web3 venture.

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Meanwhile, former CFO of embattled e-commerce startup Zilingo Ramesh Bafna has taken over the reins as CoinSwitch Kuber's CFO. Both Zilingo and Coinswitch Kuber count Sequoia as one of their major investors.

The exchange said a transition had been going on for weeks as the three executives decided to leave the company.