Kumar Gaurav (entrepreneur)
| Kumar Gaurav | |
|---|---|
| File:Photo kumar gaurav.jpgPhoto kumar gaurav.jpg Kumar in 2019 at IIM Lucknow | |
| Born | March 16, 1990 Nalanda district, Bihar, India |
| 🏳️ Nationality | Indian |
| 🎓 Alma mater | Polytechnic University of Milan |
| 💼 Occupation | |
| Known for | Cashaa |
| 🌐 Website | Official website |
| Twitter= | |
Kumar Gaurav (born 16 March 1990) is an Indian computer programmer and entrepreneur. He is best known as the developer of the peer-to-peer money transfer platform that later evolved into "neobank" Cashaa.
Early life[edit]
Kumar was born in the Nalanda district of Bihar, India.
In 2012, he graduated from Amity University with a degree in computer science, and in 2015, he received a Master's degree in engineering from Polytechnic University of Milan.[1]
Career[edit]
In 2014, he founded an Indian IT company that became the Auxesis Group.[2]
In April 2018, the Reserve Bank of India, banned banks to provide account to companies involved in crypto. As a result of this ban, several cryptocurrency companies were forced to shut down their operations.[3] Kumar announced a non-profit initiative to educate Indian citizens about the emerging blockchain and cryptocurrency sectors, which then received support from the government.[4][5] In 2020, the Supreme Court of India lifted the ban which allowed banks to partner with cryptocurrency companies.[6][7]
On July 11, 2020, CertiK Skynet, a blockchain security technology company founded by computer science professors from Yale and Columbia Universities and created to validate the security and correctness of smart contracts and blockchain protocols, detected anomalous transactions associated with Cashaa bitcoin wallets on blocks 638606 and 638692.[8] CertiK security researchers launched an investigation to look into the attack. Researchers reported that there may have been two internal operational errors or the victim's computer may have been compromised by a malicious backdoor program.[8]
In September 2020, Kumar raised $5 million from Dubai-based investment fund to expand into the Indian market and cover the user's losses from the July 2020 hack.[9][10][11] In December 2020, Kumar opened a cryptocurrency neobank in India.[12][13] Later due to regulatory issues and following Coinbase's exit from India, it stopped providing banking services in India in April 2022.[14][15][16]
In 2021, during the COVID-19 pandemic, Kumar took patronage of 5,000 families to send them food and essentials through his company Cashaa's infrastructure in India. He also reached out to other cryptocurrency companies with the hashtag #CryptoAgainstCovid to support underprivileged families.[17][18]
In 2022, according to Bloomberg, he denied a loan to Luna Foundation.[19]
References[edit]
- ↑ "Entrepreneur 2023". www.entrepreneurindia.com. Retrieved 2023-10-22.
- ↑ "India yet to see disruptive blockchain innovation, says Auxesis CEO Akash Gaurav". VCCircle. Retrieved 2023-10-22.
- ↑ Rooney, Kate (2018-04-05). "India's central bank bans financial firms from dealing with cryptocurrency". CNBC. Retrieved 2023-11-14.
- ↑ Anupam, Suprita (2020-03-05). "Cryptocurrency Vs RBI: The Supreme Court Judgement And The Aftermath". Inc42 Media. Retrieved 2023-10-21.
- ↑ Anupam, Suprita (2020-03-01). "Cryptocurrency This Week: Indian Crypto Bulls Roadshow 2020, Buffett's Clarification On Bitcoin And More". Inc42 Media. Retrieved 2023-11-14.
- ↑ "India's top court strikes down RBI banking ban on cryptocurrency". Reuters. 2020-03-04. Retrieved 2023-11-01.
- ↑ Rajagopal, Krishnadas (2020-03-04). "Supreme Court sets aside RBI ban on cryptocurrency transactions". The Hindu. ISSN 0971-751X. Retrieved 2023-11-01.
- ↑ 8.0 8.1 "An Analysis of How Attackers Stole 337 BTC From Cashaa's Bitcoin Wallets - Blog - Web3 Security Leaderboard". certik.com. Retrieved 2023-10-21.
- ↑ Malviya, Sagar (2020-09-02). "Cashaa raises $5 million from Dubai based O1ex, a blockchain investment firm". The Economic Times. ISSN 0013-0389. Retrieved 2023-10-21.
- ↑ "London neo-bank Cashaa raises funding to power up India expansion". VCCircle. Retrieved 2023-10-21.
- ↑ www.ETBFSI.com. "Cashaa raises $5 Million from O1ex, set to launch its neo-bank for India - ET BFSI". ETBFSI.com. Retrieved 2023-10-21.
- ↑ "UNICAS Crypto Bank Opens in India - Express Computer". www.expresscomputer.in. Retrieved 2023-10-22.
- ↑ "What Tiger Global's Bet On CoinSwitch Kuber Means To India's Crypto Startup Story". Forbes India. Retrieved 2023-10-22.
- ↑ Sarkar, Gargi (2022-05-20). "Crypto-Friendly Neobanking Startup Cashaa Exits Unicas; Eyes India Expansion On Its Own". Inc42 Media. Retrieved 2023-10-22.
- ↑ Network, The Mobile Indian (2022-05-19). "Cashaa to part ways from Unicas and expand in India". The Mobile Indian. Retrieved 2023-10-22.
- ↑ Mittal, Apoorva (2023-09-11). "Coinbase is stopping 'all services' for Indian users". The Economic Times. ISSN 0013-0389. Retrieved 2023-10-22.
- ↑ "Cashaa Gears Up To Fight Starvation During Pandemic". BW Defence. Retrieved 2023-10-21.
- ↑ Robins, Derek (2021-05-26). "Feed The Underprivileged - No One Sleeps Hungry Initiative By Unicas". Retrieved 2023-10-21.
- ↑ "TerraUSD Backers Seek $1.5 Billion Rescue, Cashaa CEO Says". Bloomberg.com. 2022-05-11. Retrieved 2023-10-21.
External links[edit]
Other articles of the topic India
: Uttarakhand Kranti Dal, Serafim Kalliadasis, Josh (2000 film), Loknayak Jai Prakash Institute Of Technology
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