In his new role, Negi will assume the finance function for BharatPe and will aim to make the company’s EBITDA positive by March 2023.
He will report to
“His experience listing SBI Card will be of great importance to us as we aim to go public in FY25,” said Sameer.
BharatPe ended the first quarter of FY23 with a total of over Rs 3,600 crore in facilitated loans and $18 billion in annualized TPV in payments.
“The company has become a favorite and trusted partner of millions of offline traders in just 4 years after launch,” said Negi, who will lead the company’s financial readiness as it prepares for its IPO.
In April, the company announced the appointment of
The new appointment comes after BharatPe co-founder Bhavik Koladiya left the company to pursue other assignments.
The company has seen several high-profile exits in recent months, including:
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