PhonePe founder and CEO apologises for comments on job reservation draft Bill

PhonePe CEO and co-founder Sameer Nigam said that he is grateful for the supportive business environment in Karnataka as he apologised for his previous social media post in which he commented on the state's draft job reservation Bill. He said, “PhonePe was born in Bengaluru and we are incredibly proud of our roots in this city... I would first and foremost like to clarify that it was never my intention to insult Karnataka and its people.

PhonePe CEO Sameer Nigam's post slamming Karnataka's private job quota bill received various reactions. (X/@_sameernigam)

He added, "If my comments hurt anyone’s sentiments in such a way, I am truly sorry.” The statement comes after he expressed his dissatisfaction with the Karnataka government’s proposed private jobs quota Bill as per which reservation for locals was mandated. The Bill required that 50% of all management positions and 70% of all non-management positions in private companies be reserved for local residents.