Brands
Drishti Group appoints Vipan Joshi as finance chief
NEW DELHI: Drishti Group has tapped Vipan Joshi as its new finance chief, tasking the seasoned chartered accountant with steering financial strategy, risk management and capital planning as the firm gears up for expansion and tighter governance.
Joshi brings more than 23 years of experience across education, manufacturing and consumer-internet companies. His mandate at Drishti includes building scalable financial systems, boosting fiscal discipline and preparing the organisation for possible future market listings.
His appointment comes at a time when education-sector firms are formalising internal processes under growing investor and regulatory scrutiny. For Drishti, the move signals a push for stronger reporting standards and transparent governance across all operations.
Joshi’s previous stints include a nine-year tenure at Aakash Institute, where he led controllership functions and later became CFO — along with roles at Thermax, Snapdeal and Grofers, covering financial planning, internal controls and strategic finance.
With Joshi now at the helm of finance, Drishti looks set to sharpen its fiscal controls and prime itself for expansion, positioning the group for growth with a leaner, smarter balance sheet.
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.
