Fintech unicorn BharatPe’s co-founder Bhavik Koladiya has resigned from his position at the company, barely a few months after the acrimonious exit of Ashneer Grover.
“Bhavik Koladiya has been associated with BharatPe as an Independent Consultant, guiding our Product and Technology teams. His contract tenure ended on July 31, 2022 and he expressed his desire to spend time on other assignments outside BharatPe,” the company said in a statement on August 2.
“Bhavik has been one of our biggest advocates and has been an integral part of our journey in becoming one of India’s largest fintech companies. While we wish him the very best, we are also sure that he will continue to guide us in the future as well, as and when we need,” it added.
Grover, who was the MD of BharatPe, was terminated after a forensic audit alleged misappropriation of funds. There was also an ugly and public spat between Grover and the company’s management.
Koladiya said BharatPe was one of his largest investments and he would continue to stay invested in the company for the foreseeable future.
“I have been relentlessly at it for five years. I want to focus on balancing my work and family. I am a zero-to-one guy who likes to keep innovating with new ideas. From the day I and Shashvat founded BharatPe, we have always believed and worked towards making BharatPe into a movement that will outlive and outgrow our own ambitions,” he said.
The fintech major has seen a number of senior employees quit in the last couple of months. One of its founding members Satyam Nathani made exit in June. Nathani’s resignation came just days after the exits of chief revenue officer Nishit Sharma and head of institutional debt partnerships Chandrima Dhar.
