IPA Newspack
  • Home
  • now
  • politics
  • business
  • markets

IPA /

Markets

Markets

Coinbase India plan: Acquire startups, hire ‘hundreds’ of employees in 2 yrs, says incoming country head


Pankaj Gupta will join Coinbase on April 29 and will continue to be based in Bengaluru. (Image: Reuters)

Days after its successful direct listing on Nasdaq, cryptocurrency exchange Coinbase on Wednesday stepped up its efforts towards building its technology hub in India. The outgoing Google Pay’s engineering lead for India and APAC Pankaj Gupta announced plans to acquire startups and hire ‘hundreds’ of employees apart from announcing his appointment as head of Coinbase India development centre. “I’ll be responsible for leading and building the company’s technology hub in India from scratch…  Specifically, the plan is to hire hundreds of employees across all levels in engineering, product management, UX design, research, and program management within the next 1–2 years to build out a full tech hub in India,” Gupta said in a blog on medium.com.

The new hire in months to come along with Gupta will work on challenges spanning a full modern tech stack that would include “deep tech areas like blockchains, data engineering, infrastructure, machine learning, and more,” he said. And to back up this plan, Gupta said the company will also “explore startup acquisitions and acquihires.” Acquihire is the acquisition of a company primarily for the skills and expertise of its employees instead of the product and size of the firm. Gupta had joined Google following the acquisition of his very young deep learning startup Halli Labs back in July 2017 by the search giant. Gupta will leave Google at the end of April and will join Coinbase on April 29. He will continue to be based in Bengaluru.

“The crypto ecosystem in India is definitely getting its due with the Coinbase announcement. Indians have a lot to contribute to this ecosystem as in a positive influence. The startup ecosystem in the country will have a positive impetus. The sector will have good vibes and will attract positive attention from both talents and entrepreneurs. It’s definitely a reinforcement of the belief that we hold over this space,” Ashish Mehta, Co-founder of India’s first B2B crypto trading exchange DigitX told Financial Express Online.

Also read: Crypto exchange Bitex begins providing cryptocurrency investment disclosure following govt mandate

In an internal note to the company, Coinbase EVP of Engineering Manish Gupta, announcing the development said, “Pankaj is responsible for building out our team across India. Reporting to me, he starts on April 29th. This announcement is significant because we can now tap into the incredible engineering talent across India. Under Pankaj’s leadership, we plan to aggressively invest in building a technology team in India…Pankaj resides in Bangalore, and we intend to leverage our remote-first strategy and hire top talent from across the country.” The note was shared with Financial Express Online.

With around 56 million verified users, Coinbase is setting up its physical office initially in Hyderabad as it prepares to establish its business presence in India amid the regulatory uncertainty surrounding Bitcoin and other cryptocurrencies. The company will be “housing some IT services, including engineering, software development, and customer support operations in India” and will “benefit from its huge pool of world-class engineering talent,” the company had announced recently.

Get live Stock Prices from BSE, NSE, US Market and latest NAV, portfolio of Mutual Funds, Check out latest IPO News, Best Performing IPOs, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

Financial Express is now on Telegram. Click here to join our channel and stay updated with the latest Biz news and updates.





via India Infoline

IPA Special

Uddhav’s Soft Hindutva Is Being Challenged By Shiv Sena Hardliners

June 28, 2022
IPA Special

100% Electric Two-Wheeler Penetration In India Possible By 2031

June 28, 2022
IPA Special

AltNews Co-Founder’s Arrest By Delhi Police Is A Violation Of All Laws

June 28, 2022
IPA Special

United States Supreme Court Is Using Its Unchecked Power Against People

June 28, 2022
IPA Special

Supreme Court’s Judgment In Gujarat Riots Case Bodes Ill For Democracy

June 28, 2022
IPA Special

Tripura Bypoll Results Showed The Faultlines Of Trinamool Congress

June 28, 2022
IPA Special

Congress In Kerala Loses The Perception Battle

June 28, 2022
Happening Now

Governor may ask for trust vote in Maharashtra tussle

June 28, 2022
Politics

Uddhav was ready to quit, but allies prevailed over him

June 28, 2022
Politics

Simranjit Mann’s win revives broom vs. sword debate

June 28, 2022
Happening Now

Rahul Gandhi blasts Alt News co-founder Zubair’s arrest

June 28, 2022
Happening Now

Fuel shortage forces Lanka to allow only essential services

June 28, 2022
Politics

Victory of Bal Thackeray’s Hindutva, claims Shinde

June 27, 2022
Happening Now

Key Uddhav aide Raut summoned by ED for ‘money laundering’

June 27, 2022
IPA Special

There Is Little To Justify India’s Coal Shortage

June 27, 2022
IPA Special

Central Trade Unions Get Ready To Fight New Rules For Workers

June 27, 2022
IPA Special

Right-Wing Takeover In Andalusia Is A Setback To Spain’s Coalition Govt

June 27, 2022
IPA Special

Fear And Sycophancy Stalking Present India Under BJP Regime

June 27, 2022
IPA Special

Akhilesh Failed To Give Proper Leadership In Campaign For Bypolls

June 27, 2022
IPA Special

In Power Battle In Maharashtra, Ideology And Dynasty Are In Collision

June 27, 2022

An appeal

The legacy of IPA, founded by Nikhil Chakravartty, the doyen of journalism in India, to keep the flag of independent media flying high, is facing the threat of extinction due to the effect of the Covid pandemic. Only an emergency funding can avert such an eventuality. We appeal to all those who believe in the freedom of expression to contribute to this noble cause.
Click here to learn more

Share

Reply

  • 0
More on IPA

India’s import bill for edible oil likely to jump by $2 billion

April 8, 2022 9:34 am | IPA Staff

India’s import bill for edible oils is slated to jump by $2 billion, following the sharp rise in prices after Russian attack on Ukraine. Supply...

Markets

Russia offers India oil at $30-35 a barrel

April 1, 2022 10:54 am | IPA Staff

Sanctions-hit Russia is offering hefty discounts to India for direct oil purchases, which will make it attractive for New Delhi to get into contracts with...

Markets

Govt may dip into strategic oil reserves to calm prices

March 29, 2022 11:49 am | IPA Staff

The government is committed to supporting initiatives for releases from the Strategic Petroleum Reserves for mitigating market volatility and calming the rise in global crude...

Markets

Bulk diesel price rise wrecks state transport corporations

March 22, 2022 10:58 am | IPA Staff

Road transport corporations (RTCs), which are run by state governments, are staring at big losses and an undermining of their operational viability owing to last...

Markets

India’s import bill for edible oil likely to jump by $2 billion

in Markets
Apr 8, 2022   ·  

Russia offers India oil at $30-35 a barrel

in Markets
Apr 1, 2022   ·  

Govt may dip into strategic oil reserves to calm prices

in Markets
Mar 29, 2022   ·  

Leave a Reply Cancel reply

You must be logged in to post a comment.

Follow us on
Up Next: IPL 2021 Live Cricket Score, KKR vs CSK: Deepak Chahar Takes 4 To Dismantle Kolkata Knight Riders, Chennai Super Kings In Control
©2020 -2021 India Press Agency, All Rights Reserved
Newspack by India Press Agency
Posting....
logo
  • Home
  • now
  • politics
  • business
  • markets