Nalin Negi Elevated as CEO of BharatPe: A New Chapter in Fintech Innovation
| Key Points | Details |
|---|---|
| Company | BharatPe |
| New CEO | Nalin Negi |
| Previous Role | Interim CEO and Chief Financial Officer (CFO) |
| Duration as Interim CEO | 15 months |
| Revenue Growth (FY 2023) | 182% increase in revenue from operations |
| Milestone Achievement | First EBITDA-positive month in October 2023 |
| Experience | Former CFO at SBI Card, GE Capital, and other financial services companies |
| Previous CEO | Suhail Sameer (stepped down in January 2023) |
| Chairman's Statement | Rajnish Kumar praised Negi's experience and leadership |
| Founded | April 2018 |
| Founders | Ashneer Grover, Shashvat Nakrani |
| Headquarters | New Delhi |
| Merchant Network | Over 13 million merchants across 450+ cities |
| Total Equity Raised | Over $583 million |
| Key Investors | Peak XV Partners, Ribbit Capital, Beenext, Tiger Global |
| Focus as CEO | Scaling lending businesses and launching merchant-centric products |
| Core Objective | Financial inclusion and empowerment of small and medium-sized businesses |