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yesterday

PhonePe Appoints Ex-Meta Policy Head Shivnath Thukral to Direct Government Affairs

The hire strengthens PhonePe’s regulatory engagement capabilities ahead of its $15 billion IPO

Shivnath Thukral, Vice President of Public Policy and Government Affairs, PhonePe | Image: PhonePe

Overview

  • Shivnath Thukral joins as vice president for public policy and government affairs, reporting directly to PhonePe co-founders Sameer Nigam and Rahul Chari.
  • He will lead the government affairs team to drive strategic policy engagement and strengthen relations with regulators.
  • PhonePe has named Kotak Mahindra Capital, JPMorgan Chase, Citigroup and Morgan Stanley as bookrunners for its upcoming IPO.
  • The fintech firm has grown to over 600 million users and 40 million merchants while diversifying into insurance, mutual funds, digital lending, hyperlocal commerce and an app store.
  • Backed by Walmart, PhonePe aims to leverage Thukral’s expertise to navigate evolving regulations on digital payments, data localization and financial inclusion.