<ul><li>PhonePe appoints former Standard Chartered Bank CEO Zarin Daruwala as an independent director to its board.</li><li>Daruwala, with over 30 years of experience in banking, joined the board ahead of PhonePe's public listing.</li><li>PhonePe aims for a valuation of around $15 billion in its upcoming IPO, maintaining strong UPI market leadership.</li><li>Despite being a loss-making entity, PhonePe reported emerging profitable (excluding ESOP costs) in FY24 and a significant increase in operating revenue.</li></ul>

PhonePe Appoints Ex-Standard Chartered CEO To Board

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