Brands
Deepanshu Gupta takes the helm as Spalba CEO
NEW DELHI: Spalba, a leading event-tech platform, has appointed Deepanshu Gupta as its new chief executive officer, signalling an exciting chapter of growth and innovation.
Deepanshu brings a wealth of experience in live events, experiential marketing, and technology-driven business transformation. At Spalba, he will steer strategy and execution, focusing on strengthening the core experiential business, enhancing technology and marketplace platforms, and expanding into key markets.
He will also drive operational excellence, governance, and leadership development across teams, ensuring that growth is built on disciplined processes, strong financial stewardship, and a culture of accountability.
“Spalba sits at the crossroads of my professional passions: experiential marketing, technology, and scaling organisations,” said Deepanshu Gupta. “I look forward to leading our teams, enhancing our platforms, and delivering memorable experiences for our clients.”
Spalba founder Naveen Gupta added, “Deepanshu combines hands-on event expertise with strong leadership skills, perfectly matching our vision for a platform that grows sustainably. His approach to integrating technology with live experiences reflects the direction we see for Spalba’s next phase.”
Spalba connects brands and agencies with venues and experiential services, and Deepanshu’s appointment comes as the company sharpens its focus on technology-led execution while scaling its operations.
Brands
UK’s OnlyFans seeks US investor at $3bn valuation after owner’s death
The adult video platform is seeking stability after the death of its billionaire owner
LONDON: OnlyFans is looking for a new partner. The London-based adult video platform is in advanced talks to sell a minority stake of less than 20 per cent to Architect Capital, a San Francisco-based investment firm, in a deal that would value the business at more than $3bn (£2.2bn).
The move is driven by an urgent need for stability. Leonid Radvinsky, the Ukrainian-American billionaire who owned OnlyFans, died of cancer last month at the age of 43, leaving the future of one of Britain’s most profitable privately held businesses suddenly uncertain.
The choice of Architect Capital is not arbitrary. The firm has deep expertise in financial services, which aligns neatly with OnlyFans’ ambitions to offer banking products to its creators, many of whom have long struggled to access basic financial services because of the nature of their work.
The numbers behind OnlyFans are, by any measure, staggering. The platform posted revenues of $1.4bn in the year to 30th November 2024, with a pre-tax profit of $684m, up four per cent on the prior year. Payments to creators totalled $7.2bn over the same period, a rise of nearly ten per cent. Radvinsky personally collected $701m in dividends from the business in 2024 alone, on top of more than $1bn in such payments he had already received. The platform, run through its parent company Felix International, hosts 4.6m creator accounts, with performers keeping 80 per cent of subscription proceeds and the platform pocketing the remaining 20 per cent. It has 377m fan accounts in total.
The current minority stake talks represent a notable scaling back of ambitions. In January, OnlyFans was reported to be in discussions with Architect about selling a majority stake of 60 per cent. Before that, the company had explored a sale to a consortium led by Forest Road Company, a Los Angeles-based investment firm. Neither deal materialised.
OnlyFans has built an enormously lucrative business on content that mainstream finance has long refused to touch. Now, with its owner gone and a $3bn valuation on the table, it is looking for the kind of respectable institutional backing that might finally persuade the banks to take its calls.
