The London-based company announced Thursday that it had tapped Paroma Chatterjee, a former executive for Indian start-ups Flipkart, Via.com and LendingKart, to lead its operations in the country. Revolut will invest about $25 million into the Indian market and aims to launch its app there by 2022 and the company, worth $5.5 billion in its most recent funding round, has raised more than $900 million from investors to date. With a population of 1.3 billion people and growing acceptance of digital payments, India would be a huge market for Revolut. Revolut, which has already expanded into Asia in countries like Japan and Singapore, is hoping to tap into India’s fast-growing remittances market. Revolut, which lost £106.5 million in 2019, recently told CNBC that it had managed to break even in November. The firm is expected to release its 2020 financial results before the end of spring.