BharatPe Governance Failure in a StartUp
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BharatPe Governance Failure in a StartUp was the turning point for a lot of people in the Indian ecosystem, especially in the financial services industry. The company was set up by Vinod Gupta, a serial entrepreneur, and Sanjay Kaushik, the CEO of the company. The idea behind BharatPe was simple. The company wanted to disrupt the traditional credit card industry of India, which was controlled by large banks, credit card giants, and financial institutions. YOURURL.com BharatPe wanted to offer people like you and
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BharatPe, the popular digital financial platform, recently became the center of attention after some key employees filed a writ petition in the Delhi High Court. The petitioners alleged that they were denied their due promotion, rewards and salaries. However, BharatPe’s response, which the court found “lacklustre,” revealed a lack of transparency and accountability. The petitioners accused the management of creating hurdles in their promotion and salary claims, which were ineligible under the company’s policies
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BharatPe Governance Failure in a StartUp: One of the biggest problems faced by any new startups is their management. They are often driven by ambition rather than reality. And it is not just about being agile and nimble; it also means being rational and clear about their short-term objectives and long-term targets. The case study I wrote for this subject, is about the Governance Failure of BharatPe. Here’s a summary of it: The Startup, BharatPe, aimed to build
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It was just two weeks ago, in December 2020, that I had started my journey with BharatPe as a Business Analyst. We are one of the best fintech startups in India, aiming to provide a hassle-free experience for our customers and a better financial inclusion for the masses. It has been only a year of our journey so far and we have achieved a lot — our customer acquisition, customer retention, and customer lifetime value have been consistently improving. However, recently, we have been undergoing a governance failure
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BharatPe is a popular FinTech platform, started in the year 2016. The company is run by Pankaj Dubey, a former SBI Executive, and Ankit Sharma, an alumnus of IIM Lucknow. With a huge potential for growth, the start-up raised $50 million in Series A funding led by SAIF Partners in 2017. The company reportedly grew rapidly but hit a roadblock in July 2019, when it was revealed that some employees had access to
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I had joined BharatPe back in June 2021 as their Chief Investment Officer in Fintech startups. I spent around 2.5 years onboard at BharatPe. At this time, we were at a stage of rapid growth. And I was working closely with the leadership team to make strategic decisions to take BharatPe’s growth strategy forward. find more information Our main goal was to become one of the fastest-growing fintech companies in the country. At the time, I had a unique experience working at