Rahul Chari and Sameer Nigam based PhonePe in 2015 and is the CEO of the fintech firm.
Flipkart has reportedly credit score 700 million {dollars} (Rs 5745 crore) in its workers’ accounts as a part of the corporate’s ESOP buyback plan. Group CEO Kalyan Krishnamurthy knowledgeable about this to its workers in an inside e-mail. The firm has paid Rs 3615 per ESOP share. He stated in an e-mail that the small print of such funds will attain the workers the subsequent week. More than 24000 people are eligible for the cost. It is a part of PhonePe’s funding spherical after it separated from Flipkart group. PhonePe was acquired by Flipkart. Last 12 months, it demerged from the e-commerce main.
PhonePe founders Sameer Nigam and Rahul Chari are possible to be the most important gainers on this spherical. The Economic Times reported final week the duo stand to make up to 25 million {dollars} every. This interprets into Rs 410 crore in whole. The two people will fully liquidate their inventory choices within the former guardian firm. PhonePe was acquired by Flipkart in 2016.
Who are Sameer Nigam and Rahul Chari?
Sameer Nigam based PhonePe in 2015 and is the CEO of the fintech firm. He was a senior official at Flipkart earlier than launching the corporate. This was the second firm he based that was acquired by Flipkart.
Rahul Chari is the CTO of PhonePe. He can be the co-founder of the corporate. He has over 20 years price of expertise. He was the vp of engineering earlier than he based PhonePe. He did his engineering from the University of Bombay. He was a gold medalist. He did his grasp’s diploma in laptop science from the University of Purdue, USA.
Last 12 months, PhonePe raised 350 million {dollars} funding at a valuation of 12 billion {dollars} (Rs 98,492 crore).
The life story of Rahul Chari may be very attention-grabbing. He cracked IIT-JEE and received admission to IIT Bombay. But he selected to be part of the University of Mumbai as he wished to examine computer systems.
His father is an architect and civil engineer in Muscat. He is a bookworm. Rahul Chari cherished arithmetic and physics. He additionally cherished to play PC Games.
He received into IIT Mumbai’s Civil Engineering program. But he as an alternative went to the Mumbai University. He received his first laptop in 1995. He met Sameer Nigam at school.
