Neeraj Arora, Former WhatsApp Business Head May Rejoin Paytm Board
- ByStartupStory | July 8, 2021
Neeraj Arora, Former WhatsApp business head may rejoin Paytm board, IIT Delhi alumni, Arora had quit the Paytm board after Founder and CEO Vijay Shekhar Sharma alleged that Facebook-owned WhatsApp’s UPI payment platform has security risks for consumers and is likely to rejoin the board of Paytm amid the company preparing to come out with an IPO worth Rs 16,600 crore.Arora, who is currently working as an advisor to an early-stage venture capital firm Venture Highway, was on the board of Paytm between June 2015 and February 2018. Arora was working with WhastApp when he quit the board in 2018. He has also worked with Google and Times Internet.
According to a regulatory filing of the company, all Chinese nationals on the board of digital payments firm Paytm have been replaced by US and Indian citizens while there is no change in existing shareholding. Alipay representative Jing Xiandong, Ant Financial’s Guoming Cheng, and Alibaba representatives Michael Yuen Jen Yao (US citizen) and Ting Hong Kenny Ho have ceased to be directors of the company, as per the regulatory document.
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