Best printers for Home

Best Mixer Grinder

Best wired Earphones

Best 43 Inch TV in India

Best Wi Fi Routers

Best Home Theatre in India

Smart Watch under 5000

Best Laptops for Education

Best Laptop for Students

<ul><li>On Monday, Gunjan Patidar, Zomato’s co-founder and chief technology officer tendered his resignation.</li><li><keyword id="7349800" type="General" weightage="20" keywordseo="bharatpe" source="Orion">BharatPe</keyword>’s CEO Suhail Sameer has quit the top job to become its strategic advisor.</li><li>There has been a lot of churn in new-age companies like Nykaa, and also big techs like Meta India, WhatsApp Pay, Amazon India and more.</li></ul>New age companies in India have been hit by a flurry of exits by top executives, leaving them scurrying for replacements. This comes at a time when startups have been battling funding winter and elevated inflation, in a rising interest rate regime. BharatPe, a fintech is amongst those with multiple high profile exits, including its co-founder and former managing director Ashneer Grover, along with his wife Madhuri Jain Grover – who not only had to leave the company, but were also sued by BharatPe in December 2022 for ₹88.6 crore. The company alleged that both husband and wife engaged in misappropriation of funds including creating fake bills, enlisting fictitious vendors and so on. Adding to BharatPe’s woes is the <a href="https://www.businessinsider.in/business/startups/news/bharatpe-ceo-suhail-sameer-to-step-down-five-months-after-taking-over/articleshow/96703750.cms">departure</a> of its CEO Suhail Sameer on January 3. Sameer took over as the company’s CEO in August 2021, a year after being appointed as the company’s president. He will now serve as a strategic advisor starting January 7, 2023. Before Sameer, BharatPe witnessed the departure of four other high level executives last November. This includes Nehul Malhotra, head of PostPe which is BharatPe’s ‘Buy Now Pay Later’ arm. The others were the CTO Vijay Aggarwal; Rajat Jain, the chief product officer; and Geetanshu Singla, VP of technology. They moved on to pursue their own entrepreneurial passions, the company had then said in a statement. Zomato rocked by multiple top level exits, too Sameer’s resignation comes hours after Gunjan Patidar, Zomato’s co-founder and chief technology officer, tendered his resignation. Patidar was one of the first few employees of Zomato who built the core tech systems of the company. “Over the last ten plus years, he (Patidar) also nurtured a stellar tech leadership team that is capable of taking on the mantle of leading the tech function going forward. His contribution to building Zomato has been invaluable,” said the company. Patidar’s exit is the third high-level exit at the food delivery giant in two months. In November last year, another one of Zomato’s co-founders Mohit Gupta tendered his resignation. Its head of new initiatives Rahul Ganjoo; and Siddharth Jhawar, vice-president of global growth also quit in the same month. The list goes on as in September 2022, Zomato’s deputy CFO Nitin Savara also tendered his resignation. The company has been bleeding money and it reported a consolidated loss of ₹251 crore in Q2 FY23. New age companies’ top heads move in and out of big tech companies There is a lot of churn among top executives of new-age tech companies as well as big techs. Online beauty retailer Nykaa’s CFO Arvind Agarwal, who had been with the company through its IPO, quit and joined fintech major PayU as its India CFO, this November. On the other hand, new-age companies have also been able to attract executives from major companies into their fold as well. Case in point is Sugar Cosmetics who brought in Amit Aggarwal, Marico’s head of finance of its India business, as its CFO. Adding to it, Amazon India’s director of grocery, food and health Sameer Khetarpal resigned and moved to Jubilant FoodWorks as CEO, a franchisee that runs Domino’s Pizza, Dunkin Donuts outlets in India. Meta India country head Ajit Mohan tendered his resignation in November 2022, to join rival Snap as the President of Asia Pacific. Following this, WhatsApp India’s head Abhijit Bose and Meta India’s public policy head Rajiv Aggarwal also resigned. The latter joined Samsung India. WhatsApp Pay’s director and head Manesh Mahatme also left his position in September to join Amazon India as director, product and engineering. Last but not the least, another shocking exit was of Parag Agarwal, former CEO of Twitter who was fired by Elon Musk in October, a year after he was appointed for the position. Soon after his ouster, Agrawal changed his LinkedIn bio to “Not the CEO you are looking for”. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/stock-market/news/radiant-cash-management-shares-debut-at-a-10-premium-after-company-reduces-ipo-size/articleshow/96727374.cms">Radiant Cash Management shares debut at a 10% premium after company reduces IPO size</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/entertainment/news/shark-tank-indias-season-2s-sharks-meet-the-serial-investors-cas-and-iit-and-iim-alumni/articleshow/96714262.cms">Shark Tank India’s Season 2’s sharks: Meet the serial investors, CAs, and IIT and IIM alumni</a>

Zomato, BharatPe, Nykaa and more: the revolving door for top execs at new age companies

Hash, India's first D2C millennial cigarette brand, announced today that it has raised close to US$ 3.5 mn (INR 25 crores) in recently concluded angel round. The round, that was led by Amrac Investment Trust, also saw participation by marquee angels - Kunal Shah (Founder, Cred, ex-Freecharge), Jitendra Gupta (Founder and CEO, Jupiter), Ashneer Grover (Co-Founder and Managing Director, BharatPe), Ankur Jain (Founder and CEO, Bira91), Anshoo Sharma (Co-Founder and CEO, <keyword id="3255375" type="PERSON" weightage="20" keywordseo="Magicpin">MagicPin</keyword>) and Suhail Sameer (Chief Executive Officer, BharatPe). Founded by <keyword id="5276331" type="PERSON" weightage="20" keywordseo="Shwetank-Jain">Shwetank Jain</keyword>, Hash is committed to empower the unorganized small retailers and paanwalas in the country through mobile-first tech products. Headquartered in Delhi-NCR, Hash is building disruptive technology-immersed products that will not only help digitize the businesses of paanwalas and small shopowners, but also build a more efficient supply chain and enable credit access to this segment, thereby boosting sales of its own brand Hash and other new age brands in the country. Shwetank holds a Masters in Management from <keyword id="5368204" type="ORGANIZATION" weightage="20" keywordseo="UCLA-University">UCLA University</keyword>, and has successfully built a Rs. 100 crores turnover home textile brand <keyword id="11852407" type="UNKNOWN" weightage="20" keywordseo="tapisserie">Tapisserie</keyword> in 3 years. The Hash team also includes seasoned professionals from the tobacco and FMCG industry including Mr. Jaskaran Singh Khurana, ex-Managing director for Golden Tobacco Limited. Speaking on the fund raise, Mr. Shwetank Jain, Founder, Hash, said, "Tobacco industry has a set of traditional players and aged brands. There is a large addressable market for freshly envisioned products targeted at millennials and distributed efficiently using technology. Also, there is urgent need to equip the millions of unorganized sellers and paanwalas with the latest technology solutions, so as to aid in their business growth and efficiency. With Hash, we are committed to empower this category of small shopowners and paanwalas." Added Mr. Kapil Chugh, Fund Promoter, Amrac Investment Trust, "Hash has the potential to do to tobacco what BIRA did to the alcobev industry. The interesting challenge is not only to introduce millennial first products, but at the same time change the way the product is distributed to lakhs of paanwaalas by disrupting supply chain using technology." Hash aims to build a team of 500+ professionals across levels, including feet on street sales force by the end of the current financial year. About Hash Hash, a new age D2C tobacco brand for the Gen Z and Millennials, was founded in the year 2021. The company aspires to be a market leader in Indian tobacco space by promoting its young products through digital supply chain solutions targeting the small shop owners and paanwalas. It is currently present in Delhi-NCR and will be expanding to other key cities in North India in the current fiscal year. It is committed to digitising the shops and lives of an everyday paanwalla, by building mobile based apps for smarter supply chain and business growth. In just 3 months of operation, the company has built a network of 1,000 small shop owners and paanwalas. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/tech/mobile/news/iphone-13-series-to-reportedly-launch-with-bigger-batteries-and-improved-5g-support/articleshow/85297919.cms">iPhone 13 series to reportedly launch with bigger batteries and improved 5G support</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/policy/news/pm-modi-launches-vehicle-scrappage-policy-aims-to-generate-35000-jobs-and-attract-10000-crore-investment/articleshow/85297011.cms">Indian government announces vehicle scrappage policy, aims to generate 35,000 jobs and attract ₹10,000 crore investment</a>

Cred's Kunal Shah, BharatPe, Bira91 founders invest in Hash

<ul class="summary-list"><li>New Delhi-based fin<keyword id="6358815" type="UNKNOWN" weightage="60" keywordseo="tech">tech</keyword> firm Bharatpe offers motorcycles to new tech employees in a bid to hire more staff.</li><li>New hires can also choose a gadget package that includes a smart watch, an iPad Pro, and streaming subscriptions.</li><li>The firm is trying to get an edge in its <keyword id="6357342" type="UNKNOWN" weightage="60" keywordseo="Hiring">hiring</keyword> push as <keyword id="3658" type="COUNTRY" weightage="60" keywordseo="India">India</keyword> suffers a severe shortage in skilled IT professionals.</li></ul>With IT manpower running low in India, one fintech firm looks to stand out by offering something different from the usual perks and benefits - a motorcycle for each new hire in its tech team.New Delhi-based fintech company Bharatpe lets its new employees choose from five motorcycles, such as a BMW model <a href="https://www.zigwheels.com/newbikes/BMW/G310R">worth around $3,400</a> or about <a href="https://www.glassdoor.co.in/Salaries/it-professional-salary-SRCH_KO0,15.htm">3 months' salary for the average IT professional there.</a>If a bike isn't your fancy, Bharatpe also offers a gadget package that includes an iPad Pro with a pencil, Marshall speakers, Bose headphones, a Samsung Galaxy watch, a $330 bicycle, and subscriptions to Netflix, Apple TV, and Amazon Prime, <a href="https://tech.bharatpe.com/">according to its website.</a>Last week, <a href="https://www.linkedin.com/feed/update/urn:li:activity:6826414398748278784/">Bharatpe CEO Ashneer Grover posted on LinkedIn</a> that his company would extend these perks to its existing tech team and to <a href="https://product.bharatpe.com/">new product managers as well. </a>To sweeten the deal even further, the company said it would host employees in Dubai at the same time the Cricket T20 World Championship is held there from October to November this year. Cricket is widely considered <a href="https://www.reviewadda.com/institute/article/147/top-10-popular-sports-in-india">India's most popular sport.</a>Bharatpe, which has five offices around India and runs a QR payment service for shop owners, is trying to <a href="https://timesofindia.indiatimes.com/business/india-business/bharatpe-to-hire-100-people-for-tech-team-in-fy22/articleshow/84552113.cms">expand its tech team by 100 peopl</a>e amid a free-for-all among India's tech companies for experienced IT talent, <a href="https://pages.awscloud.com/APAC-public-DL-APAC-Digital-Skills-Research-2021-learn.html?sc_channel=sm≻campaign=APAC_WWPS_GATED_apac-digital-skills-research-report-en_20210217_7014z000001MTPv≻medium=sm_≻content=REG_download_wwps≻geo=apac≻country=mult≻outcome=reg&amp;trkCampaign=ps&amp;trk=pr_apac_blogCampaign=ps&amp;trk=pr_apac_blog">reported The Times of India.</a> Other firms are offering candidates cash to take assessment tests regardless of whether they land a job, while some companies tout free iPhones and flexible working hours, per The Times. Recruitment firms there have been hard-pressed to fulfill the demand for IT staff, it reported.Techies have been in severely short supply over the last two years as India's IT market grows, <a href="https://www.livemint.com/technology/tech-news/indian-it-cos-struggle-to-fill-digital-skills-gap-11626025655102.html">reported local media.</a>To keep up with technology advancements, the country will need to increase its number of workers with digital skills by nine times by 2025, <a href="https://pages.awscloud.com/APAC-public-DL-APAC-Digital-Skills-Research-2021-learn.html?sc_channel=sm≻campaign=APAC_WWPS_GATED_apac-digital-skills-research-report-en_20210217_7014z000001MTPv≻medium=sm_≻content=REG_download_wwps≻geo=apac≻country=mult≻outcome=reg&amp;trkCampaign=ps&amp;trk=pr_apac_blogCampaign=ps&amp;trk=pr_apac_blog">said a report commissioned by Amazon Web Services this year.</a>Bharatpe did not immediately respond to Insider's request for comment.

An Indian fintech firm is offering its new hires BMW motorcycles and trips to Dubai so it can beat the IT staffing crunch there

<keyword id="6354427" type="General" weightage="20" keywordseo="apple" source="Orion">Apple</keyword> has announced to let employees speak freely about their workplace conditions, including <keyword id="6367610" type="General" weightage="20" keywordseo="harassment" source="Orion">harassment</keyword> and <keyword id="43748" type="General" weightage="20" keywordseo="discrimination" source="Orion">discrimination</keyword>. The iPhone maker said that it offers a range of resources for employees to address questions and report concerns. In a note titled, 'Our Commitment to an Open and Collaborative Workplace', Apple said that people who have experienced harassment and discrimination have the right to bring their claim in court. "Claims that are not related to harassment or discrimination, such as claims related to payment of wages or overtime, may still be subject to mandatory arbitration," said the company. Nia Impact Capital posted on Twitter that Apple has released their report and is ending use of concealment clauses in employee contracts, "both domestically and for international workers". "Contract employees too! This is a ground-breaking shift for the tech industry," said the women-first investing firm. Apple that that their commitment to a safe, inclusive, and respectful work environment is backed by "a comprehensive policy that forbids harassment and discrimination". "We believe open and honest communication among team members, managers, and leaders helps create a collaborative culture where everyone can contribute, grow, and succeed," said the company. Apple's use of concealment clauses invited close scrutiny after former company engineer Cher Scarlett accused it of engaging "in coercive and suppressive activity that has enabled abuse and harassment of organisers of protected concerted activity." SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/news/microsoft-acquires-firm-developing-high-speed-cables/articleshow/96132213.cms" style="">Microsoft acquires firm developing high-speed cables</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/news/bharatpe-filed-cases-because-my-book-doglapan-created-panic-ashneer-grover/articleshow/96132598.cms" style="">BharatPe filed cases because my book 'Doglapan' created panic: Ashneer Grover</a>

You Searched For "bharatpe tech team" and got 4 results

Zomato, BharatPe, Nykaa and more: the revolving door for top execs at new age companies

Bhakti

Rounak

Cred's Kunal Shah, BharatPe, Bira91 founders invest in Hash

PTI

An Indian fintech firm is offering its new hires BMW motorcycles and trips to Dubai so it can beat the IT staffing crunch there

Matthew Loh

Apple to let employees talk about harassment at work freely

IANS

Popular Keywords

Buying Guides