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Exclusive: BharatPe’s CMO Parth Joshi quits to start his own venture

EntrackrEntrackr · 5m ago
Exclusive: BharatPe’s CMO Parth Joshi quits to start his own venture
Medial

BharatPe’s Chief Marketing Officer, Parth Joshi, has resigned to launch his own venture, according to sources familiar with the matter. Joshi joins a growing list of BharatPe executives who have departed in recent years to explore entrepreneurial opportunities. Joshi was appointed as BharatPe's CMO in June 2021. Before joining the fintech unicorn, he served as Head of Marketing at Reckitt for over five years. In the past, he also spent three years each at GSK and L’Oréal. As per sources, Joshi is on notice period. Confirming the development to Entrackr, a BharatPe Spokesperson said, "Parth Joshi has decided to embark on his entrepreneurial journey, and we respect his decision. At BharatPe, we take pride in fostering a culture that nurtures innovation, leadership, and entrepreneurship. We are always supportive of individuals who aspire to create meaningful impact, and we wish Parth the very best in his new endeavor." The development follows the recent exits of BharatPe’s Chief Human Resources Officer (CHRO), Smriti Handa, and Chief Data Scientist, Ritesh Mohan Srivastava. Handa is set to pursue career opportunities abroad, while Srivastava has chosen to focus on his entrepreneurial ambitions.

BharatPe CTO Pankaj Goel resigns

EntrackrEntrackr · 2m ago
BharatPe CTO Pankaj Goel resigns
Medial

Pankaj Goel, who joined BharatPe as Chief Technology Officer (CTO) in July 2023, has stepped down from his position, according to sources familiar with the matter. His departure comes after a tenure of less than two years at the Delhi-based fintech unicorn. “Pankaj Goel tendered his resignation earlier this week citing personal reasons, and BharatPe has accepted it,” said a source requesting anonymity. “He is currently serving his notice period.” At BharatPe, Goel was responsible for leading the technology team and spearheading the innovation strategy across the group of companies. His appointment filled a seven-month vacancy following the resignation of former CTO Vijay Aggarwal in November 2022. Prior to his stint at BharatPe, he served as the Head of Payments Engineering at Razorpay, where he played a pivotal role in scaling the company's total payment volume (TPV) from $1 billion to $100 billion. Before Razorpay, Goel held leadership positions at Intuit, Trilogy, and Sun Microsystems. Earlier this year, BharatPe’s Chief Marketing Officer, Parth Joshi, resigned to launch his own venture. According to sources, Goel may also explore entrepreneurial opportunities in the coming months. Queries sent to BharatPe did not elicit an immediate response. We'll update the post in case we hear from them. The development comes soon after BharatPe achieved a break-even at the EBITDA level (adjusting for employee stock options) during the first nine months of FY25. The company’s net losses declined to Rs 148.8 crore in 9M FY25 from Rs 492 crore in FY24. Last month, BharatPe’s subsidiary Resilient received the final approval from the Reserve Bank of India (RBI) to operate as an online Payment Aggregator (PA). With this, BharatPe becomes one of the few Indian fintechs with an NBFC license (Trillion Loans), a stake in a Small Finance Bank (Unity SFB), and now a PA license.

Mamaearth CMO Anuja Mishra resigns

EntrackrEntrackr · 3m ago
Mamaearth CMO Anuja Mishra resigns
Medial

Honasa Consumer Limited, the parent company of Mamaearth, has announced the resignation of Anuja Mishra, Chief Marketing Officer (CMO), with effect from the closure of business hours on June 30, 2025, due to personal reasons. According to the circular filed by Honasa Consumer, Varun Alagh, CEO and whole-time director of the company, will be the interim charge of CMO. Mishra joined Honasa in March 2022 as CMO where she oversaw marketing strategy for consumer group brands – Mamaearth, Bblunt, and The Derma Co. “Owing to certain personal reasons, I would like to submit my resignation from the position of Chief Marketing Officer at Honasa Consumer Limited, effective closure of business hours on 30th June, 2025,” the email screenshot disclosed in the circular shows. Earlier this week, the company also increased its ESOP pool by adding 24,61,350 ESOP options worth Rs 57 crore, a separate disclosure shows. During the third quarter of the last fiscal year (Q3 FY25), the company recorded a 5.9% revenue growth to Rs 517 crore, compared to Rs 488 crore in Q3FY24. However, its profits remained flat at Rs 26 crore in the same period. Honasa Consumer Limited ended Friday's trading session at Rs 233 per share, registering a total market capitalization of Rs 7,578 crore (approximately $890 million).

Shraeyansh Thakur resigns from Peak XV after a decade

EntrackrEntrackr · 4m ago
Shraeyansh Thakur resigns from Peak XV after a decade
Medial

Shraeyansh Thakur resigns from Peak XV after a decade During his tenure at Peak XV, he was board member and observer for startups like Atlys, Meesho, Cars24, ApnaMart, Unacademy, Zetwerk, Urban Piper, Bijnis, among others. Shraeyansh Thakur, an investor at Peak XV Partners, has resigned after nearly 10 years at the venture capital firm, sources told Entrackr. This marks the fifth high-profile exit from Peak XV in the past year. “Shraeyansh Thakur has decided to quit the firm and is likely to launch his own venture soon,” said one of the sources requesting anonymity. Queries sent to Peak XV and Thakur did not elicit any response until publication of the story. "After an incredible 9+ years at Peak XV / Sequoia India, I have decided to embark on a new entrepreneurial journey. The next 10 years are going to be India’s golden digital decade and our founders now have true belief to create the world’s best companies from India," said Thakur in a Linkedin post. Last month, Peak XV’s managing partners, Shailesh Lakhani and Abheek Anand, stepped down after serving for more than a decade. Prior to that, Anandamoy Roychowdhary, a partner at Peak XV's Surge, departed after over 11 years at the firm, while Piyush Gupta, then Managing Director, left after seven years to launch his secondary-focused fund, Kenro Capital. Meanwhile, Rishen Kapoor, co-founder and CEO of SaaS startup Toplyne, has returned to Peak XV Partners after his three-and-a-half-year-old venture shut down. In October last year, Peak XV reduced its $2.85 billion fund by 16% as part of a strategic shift towards investing in a more measured manner amid elevated valuations in the Indian market. This development came a year after Sequoia Capital rebranded as Peak XV.

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