Dhiraj Rajaram, founder chairman data analytics firm Mu Sigma, and his wife Ambiga Dhiraj Rajaram, the company's CEO, have divorced, say multiple media reports.
According to a report in The Economic Times the marriage has been on the rocks for the last six months and the investors of the company was apprised of the matter.
Mu Sigma is one of the few unicorns in India and the report in The Times of India pegs its valuation at $1.5 billion.
ET report says the promoters hold 48 percent stake in the company and Sequoia Capital, General Atlantic Partners, MasterCard and Fidelity are the investors. The company, with a staff strength of 4,000, functions out of Bangalore and Chicago.
Dhiraj and Ambiga have told the newspapers that their divorce would not impact the working of the company.
"Both Ambiga and I are very motivated to do the best for the company and we continue to be very passionate about Mu Sigma," Dhiraj has been quoted as saying in the ET report.
"Our personal situation will not affect our commitment to the purpose of Mu Sigma," Ambiga has been quoted as saying in the ToI report.
However, Dhiraj has told ET that Ambiga "may not continue in the role of CEO" in the "long term" although "as of now, she will continue in the role."
The ToI report also says citing sources that "there would be a clear demarcation of shares between Ambiga and Dhiraj as part of the ongoing settlement". However, their stakes in the company will remain the same, the report said.
Published Date: May 31, 2016 11:51 am | Updated Date: May 31, 2016 12:22 pm