BharatPe Cofounder Steps Down BharatPe’s cofounder and COO, Shashvat Nakrani, has stepped down from its executive role to “explore” new ventures. As the fintech unicorn rebuilds after years of leadership churn, legal feuds and business reorientation, what does his departure mean for BharatPe? Founder Steps Back: Nakrani will now shift to a strategic advisor role at BharatPe from May, while continuing as a board director.

In his new position, he will oversee fundraising, M&A, IPO planning and long-term strategy. The company will continue to be led by existing management. Post-Turbulence Era: Nakrani’s departure comes at a time when BharatPe is trying to show its investors that its governance architecture has stabilised.

The 2022 board-led internal probe and the removal of fellow cofounder Ashneer Grover triggered a wider leadership reset, with multiple senior exits across technology, lending, payments and finance. Cofounder Bhavik Koladiya also eventually left, while Nalin Negi, who came in as interim CEO, took over in 2024. Since then, BharatPe has tried to rebuild around a more structured and less founder-centric leadership model.

Business Rebounds: Meanwhile, BharatPe’s business has been improving. FY25 losses narrowed sharply by 82% YoY to ₹88.2 Cr, while operating revenue climbed nearly 17% YoY to ₹1,667 Cr. The shift away from pure payments toward lending-led growth has become the centrepiece of this recovery.

While merchant loans and subscription products bring most of the revenue, the company’s wealth tech play is also cushioning its growth. With an IPO target still in play over the next 10-12 months, BharatPe is trying to prove that its governance and business reset are finally moving in the same direction. Amid this backdrop, here is all about Nakrani stepping down from BharatPe… From The Editor’s Desk Justdial’s Q4 Show The digital classifieds platform’s net profit tanked 37% YoY to ₹100 Cr in Q4 FY26, despite operating revenue rising 6% YoY to ₹307.2 Cr.

Including other income of ₹48.6 Cr, Justdial’s total income stood at ₹355.9 Cr. Meanwhile, total expenses increased 6% YoY and 3% QoQ to ₹231.2 Cr. Alongside its financials, the company also announced the departure of its CFO, Abhishek Bansal, after a nearly twelve-year-long stint.

Founded in 1993, Justdial operates an online, hyperlocal search engine that provides both B2C and B2B listings of small businesses across India. In 2021, Reliance Retail acquired a 65% stake in the company. New CFO At Cashfree The fintech startup has roped in former Visa executive Sameer Gandhi as its new chief financial officer.

The outgoing CFO, Vikas Guru, will support Gandhi through a transition period. A qualified chartered accountant, Gandhi has been helming the finance department at Visa since 2017. Prior to this, he also held various roles at companies like Vodafone, Citigroup and CRISIL in a career that spans 25 years.

Founded in 2015, Cashfree offers payment gateways and banking API solutions to clients like Zomato, CRED and Delhivery. It has raised $90 Mn to date. On the financial front, its net loss rose 14% YoY to ₹154.1 Cr in FY25 while the top line remained flat at ₹640 Cr.

Ola Electric Stock Dips Again Shares of the EV maker ended yesterday’s trading session nearly 7% lower at ₹38.22 on the BSE. This followed Ola Electric announcing that Bombay HC (at Goa) quashed a bailable arrest warrant issued against its founder, Bhavish Aggarwal. In February, a consumer court issued a bailable arrest warrant against Aggarwal after he failed to show up for a scheduled hearing for a case.

The matter involved an escooter that was submitted at one of its service centres but then disappeared. This follows Ola Electric rallying more than 65% in the past month on the back of a slew of positive developments, including unveiling in-house LFP cells, improving sales, PLI certification for its ebike Roadster X+ 4.5 kWh, among others. ShareChat Chases Microdramas With ₹1,000 Cr+ in revenues and improving cash flows, ShareChat is now betting on shifting away from imitation-led social media towards new formats like microdramas to carve out a niche in the AI-driven content era.

To grow, ShareChat is betting on microdrama through its platform QuickTV. But instead of relying only on subscriptions, it is combining short-form content with its existing apps (Moj and ShareChat) to increase user engagement and ad revenue. Simultaneously, the company is also cutting costs through engineering changes and negotiating with cloud providers, which has helped bring its cost down to about $0.60 per user.

This helped ShareChat become cash flow positive in 2025 and reduce losses. Scope Extended For Fund Of Funds 2.0 DPIIT has officially notified the second phase of the Startup India Fund of Funds (FoF) scheme, with a total corpus of ₹10,000 Cr. This comes a couple of months after the Union Cabinet approved the same. FoF 2.0 will come into force from April 13 and disbursals to alternative investmen