In today’s Tech3 from Moneycontrol, OpenAI appoints JioStar CEO Kiran Mani to lead its Asia-Pacific expansion, signalling a sharper focus on the region. Dream Sports enters stock broking with its new platform Dream Street, targeting retail investors with AI-led tools. And Cashify moves ahead with IPO plans, appointing ICICI Securities, JM Financial and Nomura as bankers, even as market uncertainty persists.
Open AI Hires Geo-Star CEO Kiran Mane to lead Asia Pacific push.
Dream 11 parent to enter stock broken with Dream Street.
Cashify picks ICSS Securities, GM Financial and Nomura as bankers for IPO.
You are listening to Money Controls Tech 3 Podcast.
Hello listeners, welcome to Money Controls Tech 3 Podcast.
Your go-to show for the sharpest startup and tech updates.
You can catch us on the Money Control website, Spotify, Apple or wherever you get your podcasts.
Let's kick off the show then with a big leadership move in the AI world.
Open AI has hired Kiran Mane, currently the CEO of GeoHotStar as its managing director for Asia Pacific.
Yes and this is a significant signal.
Money will be based in Singapore and step into the role in June reporting to Chief Strategy Officer Jason Korn.
Now industry watchers say this clearly shows open AI sharpening its focus on Asia as a key growth region.
Money brings a mix of consumer tech and platform experience.
He has led digital businesses at Viocom 18 and also held senior roles at Google,
working on Android and Play across Asia Pacific and Japan.
And that kind of background matters because Asia especially India is becoming a key battleground for AI adoption.
Large user bases and rising enterprise demand are driving that shift.
Yes and Open AI has already been building presence in India through hiring and partnerships,
including its tire with the Tata Group recently.
So this hire adds execution depth of course.
It suggests Open AI is moving from early experimentation in the region to a more structured expansion strategy.
Now to print tech where a new entrant is stepping into an old reddy crowded space.
We're talking about dream sports, which is entering the stockproaking business with a platform called Dream Street.
Yes, the company has received regulatory approvals and is currently testing the product internally.
A public launch is expected soon targeting retail investors, especially in the year two and three cities.
So the pitch here is AI led investing the ideas to offer personalized insights to users who may not have access to traditional advisory services.
If you look at the market here, the broken industry is already competitive with players like Gro, Zeroda and Angel one and one and more entrants are lining up companies like movie quick,
flip card, bad super money and credit are also exploring investing options.
Let's turn to the IPO market where another new age company is preparing to tap public investors.
We're talking about used electronics marketplace cashify, which is appointed ICSA security is GM financial and Nomura as bankers for its upcoming distinct.
Yes, and this is interesting because cashify is pushing ahead with its IPO plans, even as global geopolitical tensions create some uncertainty in the markets.
The company is looking to raise between 1500 to 8800 crore rupees.
So the final structure as we understand is still being worked out, but the issue will likely include a mix of fresh capital and an offer for sale.
Early investors such as Bessima venture partners, Olympus capital and Bloom Ventures are expected to partially exit.
And sources say cashify may take the confidential filing route with draft papers expected around June or July this year.
If timelines hold the listing could happen in early 2027.
Well, we are considering even dominant companies like phone pay have deferred listing citing the overall situation.
We'll have to wait and see what luck holds for cashify, but considering their timelines are a little stretched, they could possibly be most stability and better markets as we go into 2027.
That's right, it's a way to watch more there and that's a wrap for today's episode of Tech 3 from Money Control, a big shout out to our reporters in the deck and start a theme for the stories we spoke about today.
Thank you listeners, we air every money to Friday between 730 pm and 830 pm.
So tune in for more news minus the boring bits. This is Chandra and Bavya signing off.
You were listening to Money Control's Tech 3 podcast.
