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Left to right: Nalin Negi, CFO & interim CEO, Sashvat Nakrani, Co-founder and COO, Sumeet Singh, General Counsel and Pankaj Goel CTO; image credit: Illustration by Sadhana Saxena
Synopsis
BharatPe hopes its banking JV and NBFC license will give the firm an edge against rivals Paytm, Cred and PhonePe. By all accounts, it is reaching Ebitda positive. But in the lending play, this is still a modest success. It has its task cut out.
After founder Ashneer Grover’s acrimonious ouster from BharatPe last year, the biggest question was whether the fintech unicorn would survive his exit. Most startups which fell into a deep crisis over governance lapses where founders were subject to fraud investigations, never really came out of it. Those ill-fated ventures veered to their eventual slow death. A case in point is Zilingo. Eighteen months have passed since that tumultuous phase at
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