ZestMoney elevates senior executives to top roles
Financial Express Mumbai|May 17, 2023
Fresh fundraise likely in next few weeks 
SALMAN SH
ZestMoney elevates senior executives to top roles

A DAY AFTER ALL three cofounders of buy now pay later (BNPL) startup ZestMoney resigned from their positions, the company announced the elevation of existing senior employees to top roles.

Mohit Chhajer, vice president of finance and financial operations; Mandar Satpute, chief banking officer; and Abhishek Sharma, senior vice president of growth were named as the fresh leadership team at ZestMoney.

The BNPL firm is also finalising a new investment round from its existing shareholders, including Quona Capital, Zip, Omidyar Network India, Flourish VC and Scarlet Digital. The funding round is expected in the next few weeks, according to a fresh statement issued on Tuesday. To date, ZestMoney has raised around $120 million in financing, including both equity and venture debt capital.

Impressed with the company's progress, Ganesh Rengaswamy, managing partner at Quona Capital, said, "ZestMoney has continued to scale effectively since the digital lending guidelines were announced in India."

This story is from the May 17, 2023 edition of Financial Express Mumbai.

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This story is from the May 17, 2023 edition of Financial Express Mumbai.

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