PayU India’s MD Jitendra Gupta resigns

Digital payments firm PayU India, Managing Director Jitendra Gupta has resigned from his post after serving for about three years in the company.

Jitendra Gupta

Gupta had been leading PayU’s credit business. He put in his papers last week and is likely to start his own venture later this year.

“It (Gupta’s new venture) is likely to be in the fin-tech space, but I am still doing my research as to which segment makes more sense, and am currently testing out some ideas,” Gupta told an English daily.

PayU has been incredibly supportive, and I expect to continue engaging with them, going forward,” said Gupta, who is also an active angel investor, having made over 20 investments including in beer maker Bira and online furniture rental venture City furnish, among others.

Gupta was the co-founder and CEO of digital payment startup Citrus Pay that was later acquired by South African internet and media group Naspers in September 2016. Post acquisition, Gupta has been leading the combined entity, PayU India, as their Managing Director for consumer payments business in India.

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