Fintech startup BharatPe, which offers a quick response (QR) code-based payment application for merchants, has appointed Dhruv Bahl as its head of operations.
In his new role, Bahl will be responsible for the overall operations across merchant acquisitions, servicing, payments, lending, and commerce, The New Delhi-based company said in a statement.
“Dhruv brings the right mix of strategic thinking and urge to get hands dirty in operations. He has seen both the hustle at start-ups and operational efficiencies at larger established businesses," said Ashneer Grover, co-founder, BharatPe.
Bahl has over 13 years of experience. He began his career with Fortis Healthcare and held several roles which include profit and loss (P&L) management, business operations, and strategy.
Bahl worked with companies like PayTM, Airtel Payments Bank and Roadzen, before joining BharatPe.
Founded in 2018 by Ashneer Grover and Shashvat Nakrani, BharatPe is a QR code-based payment app for offline retailers and businesses. It allows merchants to accept UPI (unified payments interface) payments for free through the BharatPe QR. The company currently serves over 30 lakh merchants across cities like Bangalore, Delhi, Hyderabad, Pune among others.
BharatPe claims that it has grown business 30 times in 2019, as it processed over 4 crores UPI transactions a month. The company has also disbursed more than 15,000 loans in the last 3 months and is working to disburse Rs 250 crore of loans by March 2020.
The company recently unveiled a tech hub in Delhi to house its expanded product and technology team. It is planning to hire over 75 engineers and product managers in 2020 and expand its tech team three times.
In December, global payments technology company Mastercard selected BharatPe along with six other startups for its Start Path programme.
BharatPe last raised $50 million in Series B round of funding led by fintech investor Ribbit Capital and London-based hedge fund Steadview Capital, last year in August.