Wednesday, June 19, 2024
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BharatPe, a fintech company that recently ousted co-founder Ashneer Grover over allegations of financial misappropriation, is undergoing a leadership transition. CEO Suhail Sameer is stepping down from the company and an announcement about the change is expected later this month. This news follows the departures of three senior executives at the company last month: CTO Vijay Aggarwal, PostPe head Nehul Malhotra, and Chief Product Officer for lending and consumer products, Rajat Jain.

The company is currently working to put the negative publicity surrounding the allegations against Grover behind it and to transform itself into a professionally run firm. It is also preparing for an IPO in the next 18-24 months and is focused on achieving profitability. These developments come at a time when the company is facing challenges and trying to move forward with a solid leadership team in place. It remains to be seen how the leadership transition will impact the company’s plans and goals moving forward.

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