Viral screenshot about Nandan Nilekani investing in crypto trading platform is morphed

Hyderabad: A screenshot along with a link to a purported article in The Indian Express states that Infosys co-founder Nandan Nilekani has “invested $892 million in a new trading platform to make ordinary people richer.” The screenshot has gone viral.

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Fact Check

NewsMeter found that the screenshot is morphed and the claim is false.

Mr. Nilekani denied investing in a crypto trading project on his Twitter handle in February 2022.

The link directed us to an April 2022 article published by The Indian Express titled “Billionaire tech pioneer Nandan Nilekani takes on Amazon, Walmart in India.” It said the high-profile mogul is helping Prime Minister Narendra Modi build an open technology network that would compete with e-commerce giants such as Amazon and Flipkart in India. It aims to level the playing field for small merchants in the country’s fragmented but fast-growing $1 trillion retail market.

We ran a keyword search but did not find any reports about Mr. Nilekani investing $892 million in a new trading platform.

Finally, we came across a tweet from 15 February 2022 by Mr. Nilekani in which he denied launching or investing in a crypto project. He said the viral claim is misleading and false.

Hence, we conclude that the viral claim that Nandan Nilekani is investing $892 million in a new trading platform is false.