Ex-COO Dhruv Dhanraj Bahl latest to exit BharatPe

Former chief working officer (COO) of BharatPe Dhruv Dhanraj Bahl who was lately redesignated because the chief business officer of the service provider lending division of BharatPe is exiting the corporate in September, as per sources.

Merchant lending has been one of many largest income drivers and most vital vertical for the corporate. In May, BharatPe additionally introduced the acquisition of a majority stake in Mumbai-based non-banking monetary firm (NBFC) Trillion Loans with an goal to spice up its lending business.

The firm claims to be facilitating loans of over Rs 500 crore each month to its service provider companions.

Bahl’s exit is adopted by a slew of senior degree exits that the fin-tech witnessed within the final yr and a half.

Bahl performed a vital function within the restructuring of the organisation publish the exit of Grover. He had joined the corporate in 2020 as the pinnacle of operations Before becoming a member of BharatPe, he labored throughout organizations comparable to Airtel Payments Bank, Paytm Bank and Fortis Healthcare.

Bahl is prone to arrange an early stage funding agency thus becoming a member of the league of his former colleagues Suhail Sameer and Bhavik Koladiya, one of many sources quoted above mentioned requesting anonymity. However he declined to reveal additional particulars.

The yr 2022 at BharatPe started with the controversial exit of its mercurial founder Ashneer Grover performed out in full public glare. Then one other co-founder, Bhavik Koladiya, who was the tech spine of the corporate, left BharatPe.The remainder of the yr noticed over a dozen exits with most of them working within the tech and product segments.

Senior executives, together with chief expertise officer, Vijay Aggarwal; head of shopper product-PostPe, Nehul Malhotra; the chief product officer of lending and shopper merchandise, Rajat Jain; and vice-president expertise, Geetanshu Singla, exited to begin their very own ventures.

The final to hitch the queue was chief govt Suhail Sameer who exited in January this yr.

Interestingly, Koladiya, Sameer and co-founder Shashvat Nakrani are all backing the BharatPe alumni who’re beginning up with angel cheques.

BharatPe and Bahl didn’t instantly reply to the question.

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