Tech3 | Zoya, Farhan Akhtar hold on to Ola Electric shares; Dhan eyes unicorn club; and more

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In today’s newsletter:?

• Zoya, Farhan Akhtar hold on to Ola Electric shares
• Dhan eyes unicorn club with $100M funding
• Hacked WazirX seeks lifeline from Binance

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Zoya, Farhan Akhtar hold on to Ola Electric shares

“Time equals money, Simon. You want money? Stop wasting my time... That's horrendous. Sell everything!”

This is how Hrithik Roshan, a money-obsessed investment banker, is introduced in Zoya Akhtar's film, Zindagi Na Milegi Dobara.

In real life, the film's director, Zoya Akhtar, and her brother, Farhan, seem to have taken the opposite approach to investing.

Tell me more: Zoya, Farhan and their co-producer Ritesh Sidhwani are?not selling Ola Electric shares in the company’s upcoming initial public offer (IPO).

• The Akhtar duo and Sidhwani collectively hold 8.9 lakh shares in Ola Electric, which would be worth about Rs 6.8 crore at the upper end of the IPO price band of Rs 72-76 apiece
• They invested in the company in December 2021 and are sitting on a 26% gain on their investment?

Paytm founder Vijay Shekhar Sharma, who also invested in the EV firm at the same time, holds 12.45 lakh shares and will not be selling them during the IPO.

Also read: Top 10 numbers to watch out for in Ola Electric IPO

Winners and losers: Early backers like Matrix and Tiger Global are likely to score multibagger returns?in the IPO. But, not all investors are making big bucks.

• Alpine Opportunity Fund is staring at a loss of up to 35% as it prepares to sell shares originally bought at Rs 111.5 apiece
• Tekne Private Ventures, which bought at Rs 113.12 per share, may lose up to 36% at the lower end of the IPO price band

In other news:?Meanwhile, CE Info Systems, the parent entity of MapMyIndia has?alleged in a legal notice?that Ola Electric copied its data to build Ola Maps, according to a news report.

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