Aryan Sharma

GCPL Managing Director and CEO Sudhir Sitapati, in a post on social media platform LinkedIn, said its founders "Vishal and Ronak will continue to run this business with GCPL supporting them".

The company says its Bengaluru GCC is built to speed up platform innovation and development while keeping strong delivery and support systems in place.

Elevation Capital, one of Paytm’s earliest investors, first backed the company in 2007 when it was still a mobile value-added services (VAS) provider. The firm was also among the selling shareholders during Paytm’s IPO in 2021.

The facility is expected to become India’s first fully integrated ecosystem for eVTOL manufacturing, flight testing, certification, training, and maintenance. Once operational, it will be able to produce up to 1,000 aircraft a year.

This marks the fourth time in the past four months that investors have sold stakes in the logistics giant. In September, Goldman Sachs offloaded 49.1 lakh shares worth ₹294.7 crore.

Social media platforms in India have grown rapidly over the past decade, becoming an essential part of daily communication, entertainment, news consumption and business outreach.

At Autoverse, he will focus on building manufacturer partnerships, strengthening the distribution network, and shaping the company’s aftermarket strategy.

Besides the tech team, Pronto’s finance, business, central operations, strategy, and product teams will also be based in Bengaluru. However, the customer support team will remain in Gurugram.

The approval allows the company to provide offline payment services—mainly through POS machines—in addition to its existing licence for online payment aggregation.

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