Fintech

PhonePe: A startup within a startup

Pratik Bhakta

April 20, 2022 | 5 Min Read

The payments player has managed to prevent high-profile executive exits in an industry where employee turnover is the norm. As it looks to boost revenues, the challenge will be to stay nimble and navigate regulatory bumps

The revolving door in senior ranks is a reality for most startups. The larger tech ecosystem, in fact, is identified with staff turnover driven by an intense talent war. Payments player PhonePe, however, has bucked this trend.

Most of its top leaders have stuck around for five years or more. Given that the company is only seven years old, this counts as a notable feat.

Hemant Gala and Vishal Gupta, who oversee financial services and products, respectively, joined Bengaluru-based PhonePe more than six years ago. Chief people officer Manmeet Sandhu, head of offline business Vivek Lohcheb and head of strategy Karthik Raghupathy are set to complete five years.

“It is difficult to get the best talent in Bengaluru, but the folks we have, we have made the best effort to take them along,” chief technology officer Rahul Chari told The CapTable.

We have covered the org chart of PhonePe, one of the leading transaction processors on Unified Payments Interface, here.

Corporate

Access unlimited content at a special discounted rate. Trusted by top VC’s and leading organizations, we provide bulk subscriptions for groups of 30+. Contact us for more details

Campus

Top educational institutions have collaborated with us for campus-wide subscriptions. For bulk campus-wide access, please get in touch.

Join our community of 100,000+ top executives, VCs, entrepreneurs, and brightest student minds

Trusted by the best

Karthik Reddy

Blume Ventures

The CapTable brings a refreshing set of insights for us at the Blume team, highlighting stories that bring together the underlying business and founders with that of investors' journeys with these startups. It's an important perspective that very few bring to startup ecosystem enthusiasts.

Latest Articles

How Ultrahuman is battling to break its dependency on the smart ring and the US

Once touted as India’s answer to Finnish wearable major Oura, Ultrahuman now faces its toughest test yet—a US sales ban on its flagship product, high replacement rates, and pressure to prove it’s more than a one-product, one-market company.

Shivani Verma

Inside India’s GCC real estate rush: What’s fuelling the 100M sq ft opportunity

India’s office market is riding a GCC boom, with global firms leasing over 100 mn sq. ft since FY22. These firms now drive half of all office occupancy, expanding beyond tech into BFSI, manufacturing, pharma and life sciences, and tilting India’s commercial real estate map southward.

Sohini Mitter

India’s digital marketplaces are growing by going smaller

From Meesho’s zero-commission model to ride-hailing’s latest experiments, the next phase of growth, and even profits, in digital commerce may lie in serving smaller-ticket users—not chasing higher-value ones.

Pranav Balakrishnan

India’s space race moves from launchpad to ledger

Rocket launches were just act one. Now Indian spacetech founders and investors are chasing what happens in orbit: navigation systems, microgravity labs, satellite servicing, and business models that can turn presence in space into profit on Earth.

Ishan Patra

Will the cough syrup crisis finally push India to reform drug regulations?

Repeated tragedies from diethylene glycol–laced syrups reveal the cost of regulatory gaps in a booming but weakly monitored market. India can learn from the US response to a similar tragedy in 1937.

Anuj Suvarna

Convinced that The Captable stories and insights
will give you the edge?

Convinced that The Captable stories
and insights will give you the edge?

Subscribe Now

Stories

Explore