129 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. You Might Be Interested In Equinix and PGIM Real Estate Forge $600 Million Partnership for First Scale Data Center in U.S. DaVita Enters Agreement to Expand Operations in Brazil and Colombia and Enter Chile and Ecuador China to Ease Key Barrier for Foreign Businesses Reinsurance Group of America Welcomes New Member to Board of Directors State Farm Ends Coverage for Over 72,000 Homes Due to Rising Costs and Risks HSBC Announces $3 Billion in Share Buybacks Amid Higher Interest Rates
