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Investors oust FundsIndia founders over differences on company's strategy

Stakeholders unable to come to terms on future strategy of company

money, investment, private equity, PE, banks

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Jash Kriplani Mumbai
The founders of FundsIndia -- CR Chandrasekar and Srikanth Meenakshi -- have been ousted by private equity investors over differences on the strategy the company should adopt for its future growth, according to sources.

"There were some differences brewing between the founders and the investors over how the company should shape up in the future. The former were thinking of a more fintech-hybrid model, while investors had some other ideas. The founders tried to stay on, but ultimately had to relent," said sources privy to the development.

Wealth India Financial Services -- which runs the online platform -- said, "Meenakshi

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First Published: Jun 27 2019 | 8:41 PM IST

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