Revolut has appointed Paroma Chatterjee, who has previously worked at Flipkart, as its CEO for India.
In Brief:
The business says it has set aside £25mn to launch in the country.
It is currently recruiting 300 staff for its global operations.
Revolut is now focused on recruiting, licensing and potential acquisitions in India.
What does this mean?
Revolut says its launch in India is planned for 2022. CEO Nik Storonsky says it’s a “core market in our expansion strategy”. The challenger bank has most recently launched in the US and Japan.
