NFT Startup Rario Founders To Leave a Year After $120M Funding

Founders of Rario, the cricket NFT startup in which India's Dream11 led a $120 million funding round last year, are leaving the two-year-old firm, TechCrunch reported Friday, citing people familiar with the matter. From the report: Ankit Wadhwa, who serves as Rario CEO, and Sunny Bhanot, Rario CTO, are being pushed out as investors at the startup, including largest backer Dream11, exert greater control, the people said, requesting anonymity as the matter is private. [...] Just last year, Rario raised a $120 million funding round and aggressively sought to win rights to sell several cricket NFTs on its platform. It was valued at about $250 million in the previous funding and founders sold some stake as part of it, according to others familiar with the deal.

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