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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
An inexperienced consortium may have ridden to the rescue, but by allowing Robin Raina to continue heading the beleaguered US-based company, it has done it no favours.
Ebix Inc., the US-based and NASDAQ-listed on-demand software company, has finally found a suitor after years of financial trouble forced it into bankruptcy.
A consortium of three companies, led by Eraaya Lifespaces, has acquired Ebix—and some of its liabilities across subsidiaries worldwide—for around $150 million (approximately Rs 1,200 crore). The other two companies in the consortium are Vikas Lifecare and Vitasta Software India.
A quick check shows that two of these three companies have zero previous experience in the software space—Eraaya Lifespaces is in the hospitality business and Vikas Lifecare is mostly into specialty chemicals—and the third is a …
The resignation letter penned by one of the two independent directors who stepped down recently details serious issues—from fraud to the promoter’s litany of cases—further complicating life for Ebix’s new owner.
A shareholder complaint has opened a can of worms for the old and new owners of Robin Raina’s beleaguered US-based company.
From Byju’s Divya Gokulanth to Ebix’s Robin Raina, five personalities that we wrote about in 2024.
