Challenger bank Revolut hires CEO for $25m India global hub

Mark Battersby
clock • 1 min read

UK challenger bank Revolut has signed up Paroma Chatterjee as its CEO in India to lead its $25m entry into this market. Chatterjee, a former executive for Indian start-ups Flipkart, and Lendingkart, will implement the business strategy in India, hiring a team, as well as managing licence applications and any potential acquisitions in the market. Revolut said it will invest about $25m into the Indian market over the next five years and aims to launch its app there by 2022. Around 300 employees will be hired at its India subsidiary, which will serve as a global operations hub...

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