MAM
Polygon elevates Aishwary Gupta to lead global business push
Leadership elevation signals a sharper push into stablecoins and global payments.
MUMBAI: Money, it seems, is moving faster and Polygon Labs wants to be the one setting the pace. The blockchain firm has elevated Aishwary Gupta to global head of business, a leadership move that comes as regulated stablecoin payments and cross-border money flows move from theory to real-world adoption.
Gupta’s promotion marks a pivotal moment for Polygon Labs as it sharpens its focus on building financial infrastructure that can work at institutional scale. Having played a central role in forging enterprise and institutional partnerships across markets, Gupta now takes charge of global business strategy, ecosystem expansion and enterprise relationships at a time when blockchain-based payments are gaining both regulatory clarity and commercial momentum.
“When I joined Polygon, I believed blockchain would fundamentally reshape how money moves,” Gupta said. “What I didn’t fully anticipate was how quickly that conviction would be tested and validated.” He added that years of partnerships and negotiations with global institutions have reinforced one clear signal: the world is ready for better money infrastructure.
The elevation aligns with Polygon Labs’ broader ambition to build what it calls the Open Money Stack, a vertically integrated platform designed to power regulated stablecoin payments and seamless global money movement. The strategy has been reinforced by recent acquisitions, including Coinme and Sequence, expanding Polygon’s reach across key layers of the payments stack.
Through Coinme, Polygon gains licensed fiat on- and off-ramps across 48 US states. Sequence strengthens enterprise-grade smart wallet infrastructure, enabling one-click cross-chain transactions. Together with Polygon’s core network, the stack supports stablecoin settlement with fast, predictable finality with over $2.2 trillion in on-chain value already transferred.
The Open Money Stack is designed to strip out long-standing friction in global payments, from correspondent banking dependencies and settlement delays to restrictive cutoff times. The promise is straightforward: payments that settle in seconds and integrate directly with existing financial systems, rather than working around them.
“The vision is simple, empower anyone, anywhere to move money instantly,” Gupta said. “No correspondent banks, no settlement delays.” He added that the next three years will shape how money moves for decades, and that Polygon Labs is positioning itself to lead that shift from the front.
As blockchain infrastructure inches closer to the financial mainstream, Gupta’s elevation signals Polygon Labs’ intent to move from experimentation to execution and from potential to scale.
Brands
Dabur buys minority stake in Ras Beauty for Rs 60 crore
Dabur Ventures deal backs fast-growing luxury skincare brand
MUMBAI: Dabur India Limited has dipped into the world of luxury skincare, signing a definitive agreement to acquire a minority stake in Ras Beauty Private Limited for Rs 60 crore. The investment marks the first bet from Dabur Ventures, the FMCG major’s Rs 500 crore platform set up in October 2025 to back high-potential, new-age direct-to-consumer brands.
Founded in Raipur by Shubhika Jain, her sister Suramya Jain and their mother Sangeeta Jain, Ras Beauty has grown from a family-led passion project into a fast-scaling “Farm-to-Face” skincare label. Its range of face elixirs, serums and moisturisers blends essential oils with nature-derived actives, striking a balance between botanical purity and laboratory precision.
The numbers tell their own story. Ras has clocked a three-year Cagr of around 75 per cent and an annual run rate of approximately Rs 100 crore, all while maintaining strong gross margins. That growth has been fuelled by a digital-first approach, in-house R&D and manufacturing, and a sharp focus on clean, sustainable sourcing.
Dabur India executive director and group head corporate strategy Abhinav Dhall, said the company was drawn to Ras’s distinct positioning at the intersection of nature, science and luxury. He added that the premium beauty segment is poised for robust expansion over the coming decade, and that Ras is well placed to capture that opportunity.
For Ras, the partnership is as much about scale as it is about shared philosophy. Co-founder and CEO Shubhika Jain said Dabur’s 141-year legacy of building trusted, purpose-led brands makes it a natural ally. The capital infusion, she noted, will help accelerate the brand’s omnichannel footprint, deepen research capabilities and invest in team and brand building, with an eye on establishing Ras as a leading Indian luxury skincare name both domestically and overseas.
With this move, Dabur is not just investing in a skincare label. It is placing an early wager on India’s growing appetite for premium, conscious beauty, and signalling that heritage FMCG players are ready to play in the new-age D2C arena.
