An executive leaves an office with colleagues in the background, symbolizing a leadership transition.
BharatPe cofounder and COO Shashvat Nakrani has stepped down from his executive role to explore new ventures. He will transition to a strategic advisor role in May, focusing on fundraising, M&A, IPO planning, and long-term strategy, while remaining a board director.
Nakrani’s departure occurs as BharatPe aims to stabilize its governance architecture following leadership changes and internal probes. The company’s FY25 losses narrowed by 82% YoY to ₹88.2 Cr, with operating revenue climbing nearly 17% YoY to ₹1,667 Cr. This growth is attributed to a shift towards lending-led strategies and wealth tech initiatives.
Justdial’s Q4 FY26 net profit decreased by 37% YoY to ₹100 Cr, despite operating revenue rising 6% YoY to ₹307.2 Cr. The company also announced the departure of CFO Abhishek Bansal. Cashfree Payments has appointed former Visa executive Sameer Gandhi as its new CFO, succeeding Vikas Guru.
Ola Electric’s shares ended nearly 7% lower following news that the Bombay HC quashed an arrest warrant against founder Bhavish Aggarwal. ShareChat is shifting its focus to microdramas and cutting costs, achieving cash flow positivity in 2025. DPIIT has notified the second phase of the Startup India Fund of Funds scheme with a corpus of ₹10,000 Cr to back deeptech-focused AIFs.
Confluxe, founded in 2026, assists global fashion brands in entering and scaling in India by providing a platform for market entry strategy, demand assessment, and omnichannel execution. Q1 2026 funding data indicates that deal activity remains concentrated in key hubs like Bengaluru and Delhi NCR.
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