Bengaluru-based UPI payments leader PhonePe has made a strategic addition to its board of directors by onboarding Zarin Daruwala, former CEO of Standard Chartered India and South Asia. This key appointment underscores the fintech giant’s growing emphasis on corporate governance and leadership stability as it prepares for an eventual public listing. Banking Muscle for the Boardroom Daruwala, who stepped down from her Standard Chartered role in April 2024, brings over 30 years of experience in banking and finance. Prior to her nine-year stint at Standard Chartered, she spent 26 years at ICICI Bank, serving in multiple leadership roles across corporate…
Author: Himanshu Sindhi
Bengaluru-based Sanlayan Technologies, a rapidly emerging aerospace and defence startup, has secured ₹186 crore in an oversubscribed Series A funding round. The funding was led by marquee investors Ashish Kacholia, Lashit Sanghvi, and Jungle Ventures, with additional backing from Gemba Capital, Singularity Ventures, and new investor Shastra VC. This latest round marks a significant leap in Sanlayan’s journey to build advanced indigenous defence electronics solutions, reinforcing India’s mission of strategic self-reliance. Key Highlights Strategic Vision and R&D Leadership Sanlayan is currently developing AESA Radar systems for India’s Unmanned Underwater Vehicle (UUV) program, leveraging deep in-house R&D capabilities. The startup has…
Delhi-based clean-label snacking brand Khari Foods has announced a successful ₹3 crore (~US $350 K) seed funding round led by Meri Punji IMF Private Limited. This marks the brand’s first institutional investment and comes as Khari Foods continues its organic growth journey. Key Highlights Why This Matters
Walmart‑owned Flipkart has announced the elevation of Ravi Iyer, a seasoned executive with over 11 years at the company, to the role of Marketplace Chief Financial Officer (CFO). This strategic appointment marks a significant step in enhancing Flipkart’s financial oversight and operational cohesion amid its ongoing growth trajectory Key Highlights Expert Insight Why It Matters