I used my income so he could focus on Zoho, now he says I own just 5% of it: Vembu’s wife
The recent news of Sridhar Vembu, the billionaire founder of Zoho, has sent shockwaves across the business world. Vembu, who is known for his humble and down-to-earth approach to business, has found himself at the center of a contentious divorce case. His wife, Pramila Srinivasan, has come forward with allegations that have left many stunned. According to Srinivasan, she used her income to support Vembu while he was building Zoho, only to be told later that she owns just 5% of the company.
The story of Sridhar Vembu and Zoho is one of rags-to-riches. Vembu, who quit his job to pursue his entrepreneurial dreams, has built Zoho into a multi-billion dollar company. However, Srinivasan claims that she played a significant role in supporting Vembu during the early days of the company. “I used my income to support Sridhar while he was building Zoho,” Srinivasan said in a statement. “I felt shocked to learn only after he filed for divorce that he claimed to own just 5% of the company he’d spent our marriage building.”
The allegations made by Srinivasan have raised questions about the ownership structure of Zoho. According to reports, Vembu’s sister, Radha, is the largest shareholder of Zoho, with a 47.8% stake. This has led to speculation about the role of family members in the company and how they have benefited from its success. Srinivasan’s claims have also sparked a debate about the rights of spouses in startup companies, particularly when it comes to ownership and equity.
The divorce case between Vembu and Srinivasan has been making headlines in recent weeks. A US court has ordered Vembu to post a $17 billion bond in the divorce case, a move that has been seen as a significant development in the ongoing proceedings. The case has also shed light on the finances of Vembu and Zoho, with reports suggesting that the company is worth tens of billions of dollars.
The story of Sridhar Vembu and Zoho is a complex one, with many twists and turns. While Vembu has been credited with building a successful company from scratch, his personal life has been marred by controversy. The allegations made by Srinivasan have raised questions about the ethics of entrepreneurship and the role of family members in startup companies.
As the divorce case between Vembu and Srinivasan continues to unfold, it is likely that more details will emerge about the ownership structure of Zoho and the role of family members in the company. The case has also sparked a wider debate about the rights of spouses in startup companies and the need for greater transparency and accountability in the tech industry.
In recent years, there have been several high-profile cases of startup founders and their spouses battling over ownership and equity. The case of Sridhar Vembu and Pramila Srinivasan is just the latest example of the challenges that can arise when personal and professional relationships become intertwined.
As the tech industry continues to grow and evolve, it is likely that we will see more cases like this in the future. The case of Vembu and Srinivasan serves as a reminder of the importance of transparency and accountability in business, particularly when it comes to issues of ownership and equity.
In conclusion, the story of Sridhar Vembu and Zoho is a complex one, with many twists and turns. While Vembu has been credited with building a successful company from scratch, his personal life has been marred by controversy. The allegations made by Pramila Srinivasan have raised questions about the ethics of entrepreneurship and the role of family members in startup companies. As the divorce case between Vembu and Srinivasan continues to unfold, it is likely that more details will emerge about the ownership structure of Zoho and the role of family members in the company.
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