Synopsis
Shashvat Nakrani, a cofounder of BharatPe, is stepping down from his daily responsibilities. He will transition to a strategic advisor and board director role starting May 1. Nakrani will continue to guide crucial areas such as fundraising, IPO plans, mergers, acquisitions, and the company's long-term strategy. This move comes after other key figures departed the fintech startup.In a personal note, Nakrani said he is transitioning from day-to-day execution to a strategic advisor and board director role effective May 1. He added that he will continue guiding key areas like fundraising, IPO, M&A, and long-term strategy for the company.
Nakrani, who has been with the company since its inception in 2018, is leaving to "explore new ideas and ventures".
"For me, building has always meant following curiosity, returning to first principles, and exploring ideas that may not always succeed, but are worth pursuing. That same curiosity led me to put up college at the age of 19. In 2018, when we founded BharatPe on the IIT Delhi campus, it was about bridging a gap we clearly saw around us," he wrote.
Nakrani had stayed in the firm after both Ashneer Grover and Bhavik Koladiya quit the fintech startup. BharatPe's current CEO is Nalin Negi.
