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Former chief risk officer Mendiratta replaces Prashanth Ranganathan who quit six months ago. The rejig runs parallel to leadership changes taking place across the board at PayU
From being an early player offering online payments to internet companies back in 2011, to facing severe competition from new-age startups such as Paytm and Razorpay, to a failed attempt to acquire Billdesk and facing a merchant acquisition embargo from the Reserve Bank of India, PayU has had a chequered history in India.
Aakash Moondhra, the global CFO of the Prosus-owned fintech PayU, said he resigned from the payments firm on Thursday.
“September 30, 2023 will be my last day at PayU/Prosus Fintech in the capacity of global CFO. It has been an extremely enriching and a gratifying journey,” Moondhra said in a LinkedIn post.
Happy Monday! We ended last week with Zeptos $200-million funding, a rare large-sized round which made the quick-commerce company 2023s first unicorn. We now turn our attention to late-stage startups that are refusing to accept cuts in their valuations, something thats keeping SoftBanks venture capital arm at bay. This and more in todays ETtech Morning Dispatch.