Back in May 2015, Bollywood’s Amitabh Bachchan and his son, Abhishek Bachchan, were in the news for jointly investing $250,000 in Singapore-based Meridian Tech Pte Ltd, which owned Ziddu.com.
Amitabh & Abhishek jointly invested 1.6 crores in Meridian Tech which was a start up . Now Bachchan’s share value became 114 crores.
Ziddu does micro-lending against warehouse receipts through “Ziddu Warehouse Coin”, which the company says “is a smart contract that enables importers and exporters to use their Ziddu coins are loosely pegged to Ethereum and Bitcoin. The importers/exporters convert offered Ziddu coins into Ethereum or Bitcoin and use. Ziddu Warehouse Coin is powered by Ethereum ERC20 token standard.