BharatPe co-founder Shashvat Nakrani on his way out
Shashvat Nakrani, the last remaining co-founder, is exiting the company - following earlier departures of Ashneer Grover and Bhavik Koladiya.
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Shashvat Nakrani, the last remaining co-founder, is exiting the company - following earlier departures of Ashneer Grover and Bhavik Koladiya.
In his new role, Verma will focus on driving merchant adoption, strengthening distribution, and scaling the company’s offline payments ecosystem.
This appointment comes months after the company's previous technology head Pankaj Goel left the organization.
Earlier Coatue had led a Series D funding round of $108 million in BharatPe at a valuation of $900 million in February 2021.
Its operating revenue increased around 17% to Rs 1,667 crore in FY25 from Rs 1,426 crore in FY24.
The fintech giant has appointed Siddhartha Jain as chief network officer, who will be reporting to the company's chief executive Nalin Negi.
Performance pressure is mounting at BharatPe, triggering leadership shakeups and engineering changes ahead of its IPO, sources say.
Khara will now serve as CPTO (Chief Product and Technology Officer), a source aware of the development told The Head and Tale.