Ujjwal Jain, CEO of PhonePe’s stockbroking platform Share.Market, has stepped down from his role, marking the end of his current stint with the company.
Jain had been instrumental in shaping Share.Market into PhonePe’s dedicated wealth and trading platform, positioning it as a key part of the company’s broader push into financial services beyond payments. Under his leadership, the platform focused on simplifying investing for retail users, offering equities, ETFs, and other investment products through a tech-first interface.
While the company has not yet announced an immediate successor, the exit comes at a time when PhonePe is doubling down on its financial services ecosystem, including wealth management, insurance, and lending.
Ujjwal Jain joined PhonePe in 2022 after the firm acquired his ventures, WealthDesk and OpenQ. Post the acquisition, he went on to spearhead the build-out of PhonePe’s investment and stockbroking platform, Share.Market, as part of the company’s broader push into wealth management and capital markets.
Jain announced his departure through a LinkedIn post, describing the move not as a farewell but as a fresh beginning. “This is not a goodbye, this is a relaunch,” he wrote, reflecting on his journey of building the platform and hinting at future entrepreneurial pursuits.
