Company: ZCARW
Filing Date: 2025-06-30
Form Type: 10-K
Source: 0001213900-25-059675
Chunk: 937

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-06-30
Form: 10-K
Item: Item 1C
Chunk 937
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 was the founding Chairman, CEO, and President of Stamps.com (NASDAQ:STMP) and served on its board of directors.
Stamps.com, established in 1996, is the leading provider of Internet-based mailing and shipping solutions and utilizes technology developed
by Dr. Ananda and protected by a number of US patents. Dr. Ananda was instrumental in raising in excess of $400 million of capital for
Stamps.com, which included multiple rounds of private raises, followed by its $55 million initial public offering on NASDAQ in 1999 and
a $309.1 million follow-on public offering. In June 2021, Stamps.com agreed to settle claims in connection with a derivative suit brought
by shareholders of Stamps.com in exchange for (i) payment of $30 million of insurance proceeds to Stamps.com on behalf of certain of the
shareholders from D&O insurance policies purchased by Stamps.com for the benefit of its directors and officers and Stamps.com; and
(ii) implementation of certain corporate governance changes by Stamps.com. n August 2021, Stamps.com agreed to pay $100 million to settle
claims in connection with a class action lawsuit brought by investors alleging Stamps.com misled investors about Stamps.com’s relationship
with the United States Postal Service to artificially inflate its stock price. Dr. Ananda also has been instrumental in entering into
a definitive agreement for Stamps.com (STMP) to be acquired by Thoma Bravo, LP, a leading software investment firm, in an all-cash transaction
that values Stamps.com at approximately $6.6 billion. Under the terms of the agreement, Stamps.com stockholders will receive $330.00 per
share. Dr. Ananda was also the founder and director of a European-based investment firm, JAB Holdings Limited (“JAB”).
JAB’s capital was raised through a public offering in the Alternative Investment Market of the London Stock Exchange in the United
Kingdom. Dr. Ananda was also a founder of Envestnet, Inc. (NYSE:ENV) (“Envestnet”), which is a leading provider of
solutions to financial advisors and institutions. Dr. Ananda served as a director on Envestnet’s board for a number of years. He
is also the Chairman and CEO of Ananda Enterprises, Inc. a California company that provides technology and management consulting services.
Dr. Ananda has been a managing partner in the law firm of Ananda & Kra