BharatPe cofounder Shashvat Nakrani steps down as COO, to remain a director

BharatPe cofounder Shashvat Nakrani has stepped down from his role as the chief operating officer in the fintech firm. He will continue to be a director on the firm’s board.

In an update on social media platform LinkedIn, Nakrani said he is transitioning from day-to-day execution to a strategic advisor role effective May 1. He said he will continue to play a guiding role in areas like fundraising, IPO, mergers and acquisitions, and long-term strategy for the company.

While Nakrani did not talk about his future plans, people in the know said he is set to launch a startup again.