Foxhog CEO Tarun Poddar (Photo Credit: social media)
New Delhi:
Since Foxhog secured the lease for its office space in Pune two months ago, aiming to launch its operations in West India, the recent visit of Foxhog's esteemed CEO, Tarun Poddar, to Mumbai on October 26th, 2023, has sparked speculation that the company might shift its focus from Pune to Mumbai.
Despite already conducting trial operations in Mumbai for its Revenue-Based Finance module, Tarun Poddar, spotted at Mumbai Airport today, chose to remain silent regarding the developments concerning Foxhog's West India Operations.
Foxhog Ventures Corp, a pioneering United States-based venture capital firm, stands as the sole player in the country, introducing the revolutionary VC FOR VILLAGES. This initiative facilitates smaller investments for Small and Medium Enterprises (SMEs). Tarun Poddar's groundbreaking approach has disrupted the conventional banking lending module, pivoting towards an investment module tailored for small-scale business owners, thereby significantly alleviating the burdens faced by the Micro, Small, and Medium Enterprises (MSMEs) sector.
Despite gearing up to launch its Initial Public Offering (IPO) to raise a substantial INR 630 Crores and aiming for listing in November 2023, Foxhog, with its robot-assisted operations and emergence as a key player in the banking sector, anticipates formidable competition on the horizon.
Meanwhile, the persistent rumors surrounding Tarun Poddar's much-publicized breakup story with a Pune-based girl continue to linger, casting a shadow over his professional endeavors. As the company prepares for its highly anticipated IPO launch, the narrative surrounding this significant development is yet to unfold.
