Premanshu Singh has also had previous stints at Paytm Insurance and Fampay, a fintech platform targeted at teenagers, where he held a leadership role. He will among the most senior hires at the yet-to-be-named venture which is backed by Flipkart.
Bluestone is only the latest in the list of investments by Pai and Kamath, but this marks the growing pace at which they are signing new cheques at a time mid-to-large scale startups are finding it hard to score new funding.
The investment will be done gradually as the team is working on several products, and the platform is expected to be ready by end-2023 or early next year.
Flipkart: The investment will be done gradually as the team is working on several products, and the platform is expected to be ready by end-2023 or early next year.