PayU India’s fintech investments head Amrish Rau quits

Amrish Rau (Left). Photo sourced from his Twitter page.

Amrish Rau, who was heading payments company PayU India’s fintech investments and partnerships, has resigned.

Announcing his movement via a tweet on Thursday, Rau said, “It’s now time. Time to go again. Time to have another new experience. Corporate to startup to M&A to Angel investing to …. I leave behind PayU, LazyPay, Citrus and a bit of my heart.”

 

In response to this, PayU thanked Amrish for his efforts in building the platform in India. The company tweeted: “Amrish, thank you for providing us a platform that allowed us to further strengthen and consolidate our leadership position in the Indian fintech industry. We wish you all the very best!”

Rau was the founder of Citrus Pay, which was acquired by South Africa’s Naspers-owned PayU $130 million in 2016. Post acquisition, he became the CEO of PayU in India. About two-and-a-half years later, he transitioned to a broader role as the head of financial technology partnerships and investments at PayU. He worked out of Singapore.

Prior to starting Citrus Pay, Rau also worked with major payment companies like Firstdata and NCR Corporation.

Rau’s resignation comes almost six after PayU India co-founder and managing director Shailaz Nag reportedly quit to explore more opportunities in the payments space. Nag was with with PayU since 2011. Last July, the company’s Managing Director Jitendra Gupta also quit after serving the company for about three years to start his own venture.

Sharing some of his past experiences via a series of tweets, Rau said, “M&As are not easy and you can’t do it by reading about it online! Its important to build your own style. I focussed on team, platforms and then customers. The team is insecure in an M&A.”

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.