In a collection of tweets on the favored microblogging platform, Rau stated it was “time to have one other new expertise,” with out disclosing his upcoming plans.
Rau served as the top of Naspers-owned PayU’s home arm for about two-and-a-half years, moving into the place virtually instantly after promoting CitrusPay, the homegrown funds firm that he had co-founded with Jitendra Gupta and Satyan Kothari, for $130 million to PayU in 2016.
The transaction stood out on the time provided that it was an all-cash deal, a rarity within the Indian startup ecosystem, and was additionally among the many largest enterprise capital-backed fintech offers within the nation.
Together with co-founder Gupta, he took over at PayU India – valued at about $2.5 billion – steering it from only a funds gateway into shopper credit score, amongst others, whereas making a string of strategic investments and acquisitions alongside the way in which.
Former Reliance Industries government Anirban Mukherjee took over as CEO of PayU India after Rau stepped down in February final yr.
Rau went on to supervise a broader function inside the firm, specializing in fintech partnerships and investments.
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