Amit Jain, who beforehand led Uber’s Asia Pacific enterprise and served as a accomplice at Sequoia Capital India, is engaged on a crypto funds platform and has obtained backing from a number of high-profile entrepreneurs, together with Uber chief govt Dara Khosrowshahi, a supply accustomed to the matter stated.
Jain’s startup, which is at the moment in stealth mode, is constructing “banking and funds for the crypto financial system,” in accordance with its web site (which went offline following the publication of this story). The startup, referred to as Zamp, goals to assist “web2” corporations undertake crypto, in accordance with one other particular person accustomed to the matter. Zamp has additionally obtained investments from former SoftBank chief working officer Marcelo Claure and Doordash chief govt Tony Xu, the supply stated.
On the corporate’s web site, Jain has disclosed investments from former SoftBank and Fb govt Kirthiga Reddy, Go-To Group chief govt Andre Soelistyo, Polygon co-founder Sandeep Nailwal and Coinbase board member Gokul Rajaram. The website confirms investments from Khosrowshahi, Claure and Xu. The investments in addition to Jain’s new startup haven’t been beforehand reported.
Jain (pictured above) declined to remark. Others couldn’t be instantly reached.
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