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BharatPe appoints Himanshu Verma as Head of POS business

EntrackrEntrackr · 2h ago
BharatPe appoints Himanshu Verma as Head of POS business
Medial

BharatPe appoints Himanshu Verma as Head of POS business Fintech major BharatPe has appointed Himanshu Verma as Head of its POS business. Verma brings over two decades of experience across payments, telecom, and consumer technology, with prior roles at Pine Labs, Freecharge, Indepay Networks, Bharti Airtel, Samsung India, Uninor, and Vodafone. In his most recent role at Pine Labs, he served as Senior Director and National Business Head for Soundbox (Mini), where he led the launch and scale-up of the product. At BharatPe, he will lead the POS vertical, focusing on merchant acquisition, strengthening distribution, and scaling offline payment solutions. The appointment comes as BharatPe increases its focus on offline payments, which continue to see adoption across small merchants and retail businesses. Founded in 2018, BharatPe operates a network of over 1.7 crore merchants across 450 cities. The company processes over 450 million UPI transactions per month, with a monthly transaction value of around Rs 12,000 crore. Its POS business processes over Rs 27,000 crore annually across more than 1.25 lakh devices. BharatPe plans to strengthen its presence in offline payments infrastructure alongside its UPI-led offerings.

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BharatPe strengthens leadership team with key appointments in finance and investments

EntrackrEntrackr · 7m ago
BharatPe strengthens leadership team with key appointments in finance and investments
Medial

BharatPe strengthens leadership team with key appointments in finance and investments Fintech platform BharatPe has expanded its leadership team with the appointment of Rajesh C as Head of Finance and Himanshu Nazkani as Head of Investments. The strategic hires come as the company prepares for its next phase of growth. Rajesh C, who will oversee finance, treasury, and taxation, brings more than two decades of experience across financial planning, accounting, and regulatory reporting. He has previously held leadership roles at SBI Card, ABN Amro-RBS, and GE Capital, and was part of the core team that managed SBI Card’s IPO. Himanshu Nazkani, as head of investments, will drive the company’s investment and insurance strategy while building partnerships across mutual funds, digital gold, fixed deposits, and insurance. With experience spanning fintech, wealthtech, and venture capital, he has previously worked with CarDekho Group, NYE Money, Kristal.ai, Elevar Equity, and Religare Global Asset Management. The development comes at a time BharatPe is negotiating a pre-IPO funding round. The company recently claimed that it turned profitable in FY25 with a profit before tax of Rs 6 crore (excluding ESOP costs) on revenues of Rs 1,800 crore. This marks a turnaround for the firm which had been loss-making for several years. BharatPe raised its last equity round in August 2021 when it also entered the unicorn club. It has raised over $650 million in equity and debt from the likes of Tiger Global, Dragoneer Investment Group, Steadfast Capital, Coatue Management, Ribbit Capital and others. In June, BharatPe announced the appointment of Siddhartha Jain as the Chief Network Officer (CNO). Trillionloans Fintech Private Limited (TFPL), the BharatPe NBFC arm, had also appointed Sandeep Singh as its new chief executive officer in April this year.

Exclusive: BharatPe marks first secondary deal since 2021 at $2.85 Bn valuation

EntrackrEntrackr · 6m ago
Exclusive: BharatPe marks first secondary deal since 2021 at $2.85 Bn valuation
Medial

Exclusive: BharatPe marks first secondary deal since 2021 at $2.85 Bn valuation Now led by CEO Nalin Negi, Delhi-based fintech unicorn BharatPe is focusing on strengthening governance and preparing for an IPO. Tiger Global-backed fintech unicorn BharatPe carried out its first secondary transaction since 2021 through wealthtech platform Wylth, according to two sources aware of the details. “As part of the deal, Gujarat-based family offices acquired 2.6% from the 27% common equity pool at the last private valuation,” said one of the sources, requesting anonymity as the details are private. According to the startup data intelligence platform TheKredible, BharatPe was valued at $2.85 billion when it raised a $370 million Series E round. The size of the secondary transaction couldn’t be ascertained. Entrackr has reached out to BharatPe and Wylth for comments. This marks BharatPe’s first liquidity event following its prolonged governance turmoil which involved Ashneer Grover, Bhavik Koladiya, Sarswat Nakrani, and Madhuri Jain Grover. Now led by CEO Nalin Negi, BharatPe is focusing on strengthening governance and preparing for an IPO. The firm recently expanded its leadership team with the appointment of Rajesh C as Head of Finance and Himanshu Nazkani as Head of Investments. Meanwhile, BharatPe is also in talks to raise a pre-IPO round to the tune of $80-100 million. To date, it has raised over $650 million in equity and debt from investors including Tiger Global, Dragoneer Investment Group, Steadfast Capital, Coatue Management, Ribbit Capital, and others. As per media reports, BharatPe’s revenue jumped from Rs 180 crore in FY21 to Rs 1,734 crore in FY25. The company turned profitable after recording annual losses of more than Rs 1,800 crore four years ago.

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