Gemini Expands Operations in India with New Hire
Gemini, a leading global cryptocurrency exchange, has made a significant move in its Indian expansion strategy by appointing Sachin Ranglani, a former senior vice-president at Paytm, as the head of operations for its Indian subsidiary. Ranglani brings extensive experience from his time at Paytm and other tech companies like Uber and Amazon. This hiring aligns with Gemini’s plan to expand its engineering center in Gurgaon, near Delhi, which will play a crucial role in the company’s growth.
Expansion Plans for Gemini’s Gurgaon Branch
Gemini’s Gurgaon branch is set to expand its team of over 70 professionals and aims to have more than 100 staff members by the end of 2023 and 200 by the close of 2024. The company is actively recruiting individuals for various roles, including software engineers, product managers, finance staff, and compliance positions. The Gurgaon team will focus on compliance, data security, payments, and more.
Gemini Invests INR 200 Crore in Indian Market Expansion
Gemini has announced plans to invest INR 200 crore (approximately $24 million) over the next two years in the Indian market. While not launching its products in India currently, Gemini sees India as a key player in fostering innovation for the crypto community. The newly established Gurgaon office will contribute to the company’s global engineering efforts and help develop products and services for customers worldwide.
Hot Take: Gemini Strengthens Presence in Indian Cryptocurrency Space
Gemini’s strategic moves in India demonstrate their commitment to establishing a strong foothold in the country’s cryptocurrency market. With the appointment of Sachin Ranglani and plans for expansion, Gemini is well-positioned to make significant strides in India. The company’s investment in its India engineering center further highlights its dedication to growth and innovation. Gemini aims to become the most trusted and reliable cryptocurrency exchange globally.
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