PhonePe Insurance Broking CEO Vishal Gupta exits to launch stealth startup

Vishal Gupta has stepped down as CEO of PhonePe Insurance Broking Services to build his own venture, adding to a run of senior departures at the Walmart-backed fintech. The exits come as PhonePe defers its IPO amid market volatility, with the broking arm having sold 18.49 million policies across a 700 million registered user base.

— Filed Mon, 6 Jul, 2026, 16:40 IST · Source Entrackr · Updated

PhonePe Insurance Broking Services CEO Vishal Gupta resigned to launch a stealth startup, adding to a string of senior exits at the Walmart-backed fintech, which has deferred its IPO amid market volatility.

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