More exits at PayU India, founder Shailaz Nag quits
Jitendra Gupta, another managing director who was heading the lending business of PayU India – LazyPay — also announced his departure last week.
Jitendra Gupta, another managing director who was heading the lending business of PayU India – LazyPay — also announced his departure last week. In January, Amrish Rau resigned as CEO, and with Gupta and Nag leaving, the Naspers-owned firm is looking at a completely new leadership team. “India is the largest market for PayU globally and we have ambitious plans to strengthen our leadership in the region,” a PayU spokesperson said in response to ET’s emailed queries.
“After building a clear leader in the payment space, we are heading towards the next phase of growth in India. We will be making further announcements on this soon.”
After the acquisition of Citrus Pay in 2016, cofounder Rau assumed charge as PayU India CEO and Gupta became an MD. Rau took up a broader role as the head of financial technology partnerships and investments for Naspers’ fintech business.