PhonePe Insurance CEO Vishal Gupta Exits, Third Subsidiary Departure In Two Months
Vishal Gupta resigns as CEO of PhonePe's insurance arm to launch a stealth startup, marking the third subsidiary-level exit in two months. The churn comes as IPO-bound PhonePe posts a 20% wider H1 FY26 net loss of INR 1,444.4 Cr, even as revenue climbs 22.2% to INR 3,918.5 Cr.
PhonePe Insurance CEO Vishal Gupta resigns to found a stealth startup — the third subsidiary exit in two months as IPO-bound PhonePe reports a 20% wider H1 FY26 net loss of INR 1,444.4 Cr despite 22% revenue growth.