Top-Level Exits at Honasa, Fashinza and Fi Money

Mamaearth Parent Honasa Consumer’s CBO Yatish Bhargava Steps Down

Honasa Consumer, the parent company of Mamaearth, has announced the resignation of its Chief Business Officer, Yatish Bhargava, less than a year after his appointment. 

In a stock exchange filing on Friday, the company stated that Bhargava is stepping down due to personal circumstances and will exit his role at the close of business hours on May 15, 2026.

Bhargava had joined the Gurugram-based firm in June 2025, filling a position that had remained vacant since February 28 after the resignation of Zairus Master, who had also cited personal reasons for his departure. At the time, Bhargava was appointed as Chief Business Officer and designated as part of the senior management team.

With over 17 years of experience, Bhargava has worked across general trade, modern trade, and e-commerce, managing profit and loss responsibilities and leading large teams. Before joining Honasa Consumer, he held leadership roles at Flipkart and Hindustan Unilever.

Fashinza Co-founder Pawan Gupta Exits

Gurugram-based B2B fashion supply chain startup Fashinza has seen the exit of its co-founder and former CEO, Pawan Gupta. 

According to reports, Gupta has stepped away from the company and is now exploring opportunities in the AI space.

Following his departure, Abhishek Sharma will continue as the sole founder and CEO. The company stated that Gupta’s decision to leave was personal and not related to business performance. 

Founded in 2020, Fashinza operates a platform that connects apparel brands with manufacturers, streamlining the supply chain process.

Fi Money Co-founder Sumit Gwalani Steps Down

Peak XV Partners and Alpha Wave Capital-backed neobanking startup Fi Money has seen its co-founder Sumit Gwalani exit the company after six years, according to ET reports. 

His departure comes shortly after the startup shut its banking services in March as part of a broader business realignment.

In a recent LinkedIn post, Gwalani said he plans to explore opportunities in artificial intelligence, focusing on enterprise intelligence and decision-making systems. Founded in 2019 by former Google Pay executives Sujith Narayanan and Gwalani, Fi Money has raised around USD 169 million to date.

The startup had partnered with Federal Bank for its banking services, which have now been discontinued. Customers can continue to access their accounts through the bank’s official channels. 

Earlier this year, Fi Money indicated a shift away from some consumer-facing offerings towards AI and enterprise technology, along with internal restructuring.