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Crypto exchange ZebPay's CEO Avinash Shekhar quits; to launch his own web 3.0 start-up

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As the going continues to get tougher for Indian cryptocurrency start-ups, ZebPay Chief Executive Officer (CEO) Avinash Shekhar has decided to move on.

This comes a month after Chief Financial Officer (CFO) Tarun Jain left the company, multiple sources aware of the matter said.ZebPay is one of the largest cryptocurrency exchanges in India.When reached out, the ZebPay team confirmed the development to Moneycontrol, adding that Shekhar will now work on his own start-up, which will be operating in the Web 3.0 and crypto tax compliance space.

ZebPay will hold a minority stake in this new start-up.“Avinash will focus on his start-up later this year, which is in the Web 3.0 space.

However, he will continue to stay in an advisory role on ZebPay, as a director. Rahul has always been a part of the decisions at ZebPay and will continue to lead the business, going forward,” the company told Moneycontrol.Shekhar will also continue to be associated with the company as a board member and consultant for the long term.

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