Fintech firm BharatPe shuffles leadership deck to drive next phase of growth

Fintech firm BharatPe is undergoing a significant management reshuffle to strengthen its leadership across various sectors. The move affects its three main operational entities: Resilient Innovations Private Limited (merchant app), Resilient Payments Private Limited (payment unit), and Resilient Digi Services Private Limited (lending unit).

The reshuffling is part of a strategy to strengthen the company's core leadership team.

New appointments to spearhead growth

Sandeep Indurkar has been promoted to CEO of the payment processing unit after previously working as the chief business officer for the banking sector at BharatPe.

Kohinoor Biswas will now lead the loyalty program, Zillion, within the lending unit, in addition to his existing duties. This role was previously held by Rijish Raghavan, who will now manage BharatPe’s device business.

Despite these changes, the reporting structure remains largely intact. The newly appointed leaders continue to report to Nalin Negi, BharatPe’s interim CEO. This ensures a seamless transition and continuity in the company’s strategic direction.

BharatPe funding and investors 

Despite several key people leaving the company in 2023, BharatPe has successfully filled important positions and has grown financially. For example, Pankaj Goel joined as the chief technical officer (CTO) in July.

Under the leadership of Nalin Negi, who has been the CEO since January of the previous year, BharatPe raised $100 million in debt, which has helped the company grow and improve its operations.

So far, The fintech firm has raised nearly $800 million in funding from investors, including InnoVen Capital, MAS Financial Services, Northern Arc, Ribbit Capital, Insight Partners, Tiger Global Management, Peak XV Partners, Amplo, and Coatue, among others.