Overview
- Shashvat Nakrani said he will leave day-to-day work on May 1 to serve as a strategic advisor and board director.
- In the advisory post, he will work on fundraising, IPO planning, mergers and acquisitions, and long-term strategy.
- He remains the largest individual shareholder and plans to build new ventures outside daily operations.
- BharatPe will be run by the current team under CEO Nalin Negi after cofounder exits in 2022.
- Company figures show FY25 losses narrowed 82% and revenue rose 17% as it leaned into lending, with an IPO target in about 10 to 12 months.