People Digest: BharatPe names new CTO; Paytm Mall denies CFO’s resignation

Photo: Bloomberg

Fintech startup BharatPe has appointed former Grofers executive Vijay Aggarwal as its chief technology officer (CTO). In another development, Paytm Mall’s executive director (ED) Rudra Dalmia has resigned.

BharatPe names Vijay Aggarwal as CTO

Fintech startup BharatPe has appointed former Grofers executive Vijay Aggarwal as its chief technology officer (CTO), The Economic Times reported.

Aggarwal, an alumnus of the Indian Institute of Technology-Roorkee, joins BharatPe from digital wealth management startup Syfe, where he was the head of engineering. Prior to joining Syfe, he was a vice-president (technology) at online supermarket Grofers.

Aggarwal’s appointment comes close on the heels of BharatPe raising a $75-million funding round led by New York-based hedge fund Coatue Management and Palo Alto-based fintech investor Ribbit Capital. BharatPe claims it has already facilitated loans of Rs 100 crore to 20,000 merchants and is looking to lend to around 300,000 merchants in the next two years.

Paytm Mall denies CFO’s resignation

Paytm Mall’s executive director (ED) and chief financial officer Rudra Dalmia has put in papers, Entrackr reported.

Dalmia joined the company earlier in 2019 and was elevated to the position of executive director in June 2019 to help the company strengthen its offline-to-online (O2O) business.

“Dalmia resigned last month and is currently serving his notice period. His abrupt departure from the company raises questions on the coherence and longevity of Paytm Mall’s strategy,” the report said quoting a source.

Paytm has, however, denied Dalmia’s resignation.

“The speculations around Rudra Dalmia, Executive Director and CFO, Paytm Mall resigning are false. He is very much part of the team and continues to work towards making Paytm Mall the most efficient and best run ecommerce platform in the country,” said the company’s spokesperson.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.