PhonePe insurance CEO Vishal Gupta exits as fintech folds insurance into payments biz

PhonePe's insurance head Vishal Gupta has stepped down to launch a startup, with the insurance arm now merging into consumer payments under CBO Sonika Chandra. The move follows a string of senior exits and a deferred IPO amid market volatility.

— Filed Mon, 6 Jul, 2026, 22:14 IST · Source Business Standard · Companies · Updated

PhonePe's insurance head Vishal Gupta stepped down to launch a startup; the insurance arm merges with consumer payments under CBO Sonika Chandra. Follows multiple senior exits and a deferred IPO amid market volatility.