Jan 28, 10:30 AM

Sridhar Vembu Steps Down as Zoho CEO Amid $550 Million Meesho Funding and Upcoming IPOs for Juspay, Cure Foods, and Pine Labs

Sridhar Vembu has stepped down as CEO of Zoho, marking a significant leadership change at the software company. The announcement comes amid a backdrop of notable developments in the tech sector, including Juspay's potential rise as India's first unicorn of 2025 and upcoming IPOs for Cure Foods and Pine Labs. Additionally, the Nasdaq has experienced a downturn, with Nvidia, a prominent player in the AI sector, being particularly affected. Other key stories include Zomato's strategic focus on its quick commerce arm, Blinkit, as it seeks to enhance its competitive edge in the food delivery market, and the ongoing discussions surrounding the domicile shift of Meesho following a $550 million funding round.