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Exclusive: BharatPe’s CHRO and chief data scientist quit

Entrackr · 12d

Fintech unicorn BharatPe is navigating another phase of transition as its Chief Human Resources Officer (CHRO) and Chief Data Scientist have decided to step down, sources familiar with the matter told Entrackr. Smriti Handa, who took on the role of CHRO in April 2022, and Ritesh Mohan Srivastava, who joined as Chief Data Scientist in July 2022, are set to leave the organization, as per sources. Before joining BharatPe, Srivastava was on the advisory board at N44 Capital, while Handa was the global talent acquisition director at Reckitt. Confirming the development to Entrackr, a BharatPe spokesperson said, “We would like to confirm that Ms Smriti Handa is moving on from BharatPe to pursue exciting career opportunities abroad. She has been instrumental in spearheading various HR initiatives and her efforts have made a lasting impact. As she embarks on a new chapter, we extend our heartfelt wishes for her continued success." The spokesperson did not comment on Srivastava’s exit. In April, BharatPe made leadership changes across three verticals – Resilient Innovations Private Limited (merchant app), Resilient Payments Private Limited (payment unit), and Resilient Digi Services Private Limited (lending unit). Entrackr exclusively reported the development then. During this period, BharatPe appointed Nalin Negi as its full-time Chief Executive Officer (CEO), following his tenure as interim CEO for over a year. BharatPe has demonstrated remarkable growth over the past three fiscal years, with revenue increasing from Rs 119 crore in FY21 to Rs 1,426 crore in FY24. The company’s losses also dropped by 50% to Rs 474 crore in FY24 from Rs 941 crore in the previous fiscal year. In a progressive step, BharatPe settled its long-standing differences with former co-founder and managing director Ashneer Grover.