BharatPe removes Ashneer Grover from all positions over involvement in misappropriation of company funds
3 years ago

BharatPe removes Ashneer Grover from all positions over involvement in misappropriation of company funds

India TV News  

BharatPe removes Ashneer Grover from all positions over involvement in misappropriation of company funds In an emotionally-charged letter addressed to the Board of Directors, Ashneer on Tuesday said that while they will not find a single act of impropriety against him, "I will not be participating in your charade". Highlights "Grover is no longer an employee, a founder, or a director of the company," BharatPe said "Board will not allow deplorable conduct of Grover family to tarnish BharatPe's reputation," it said Grover resigned from the post of Managing Director on Tuesday Fintech firm BharatPe on Wednesday said it has removed Co-Founder Ashneer Grover from all positions at the company. BharatPe has also found involvement of Grover family and relatives in extensive misappropriation of the company's funds. According to the statement, the Grover family and their relatives were engaged in extensive misappropriation of company funds, including, but not limited to, creating fake vendors through which they siphoned money away from the company's account and grossly abused company expense accounts in order to enrich themselves and fund their lavish lifestyles, it said.

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History of this topic

BharatPe fraud case: EOW arrests Ashneer Grover's family member
6 months ago

BharatPe fraud case: EOW arrests Ashneer Grover's family member

The Hindu  

Delhi Police Economic Offences Wing has arrested a family member of BharatPe co-founder Ashneer Grover in connection with the alleged misappropriation of funds with the fintech company, police officials said on Friday, September 20, 2024. “Deepak Gupta, who is a brother-in-law of Mr. Grover, was arrested on Friday,” they said. Gupta was named in the FIR which was registered against …

Ashneer Grover, his wife Madhuri Jain can travel abroad but there's a rider, Delhi High Court says
10 months ago

Ashneer Grover, his wife Madhuri Jain can travel abroad but there's a rider, Delhi High Court says

Hindustan Times  

The Delhi High Court permitted former BharatPe MD Ashneer Grover and his wife Madhuri Jain Grover to travel to the US. Ashneer Grover has been given the permission to travel from May 26 to June 12 while Madhuri Jain Grover has been permitted to travel from June 15. Delhi police opposed their plea and submitted that Ashneer Grover and his …

Ashneer Grover says, ‘Banks se tech nahi ho rahi’ as Kotak Mahindra Bank share prices drop 10%; netizens react
11 months ago

Ashneer Grover says, ‘Banks se tech nahi ho rahi’ as Kotak Mahindra Bank share prices drop 10%; netizens react

Live Mint  

Ashneer Grover took a dig at Kotak Mahindra Bank after the company's share prices dropped 10%. The plunge happened after the Reserve Bank of India ordered the bank to stop adding new customers through its online platforms and halt issuing new credit cards. “after grand success of destroying shareholder value in Paytm, Hdfc bank, IIfl finance, Jm financial, here comes …

BharatPe co-founder Ashneer Grover set to re-enter fintech space with this app
11 months, 2 weeks ago

BharatPe co-founder Ashneer Grover set to re-enter fintech space with this app

Hindustan Times  

BharatPe co-founder and former managing director Ashneer Grover is all set to re-enter the fintech industry with a brand new application with the aim of providing hassle-free medical loans. According to the app's Google Playstore listing, ZeroPe app has been developed by Third Unicorn, a firm launched by Grover after he stepped down from BharatPe's top post. The ZeroPe website …

‘Respect each other’s equity’: Ashneer Grover on HC's order over selling shares
1 year, 3 months ago

‘Respect each other’s equity’: Ashneer Grover on HC's order over selling shares

Hindustan Times  

BharatPe co-founder Ashneer Grover on Friday welcomed the decision of the Delhi High Court rejecting the plea of another co-founder Shashvat Nakrani to restrain the former from selling or alienating the shares, saying that this order will go a long way in protecting rights of founders in India. BharatPe co-founder Ashneer Grover In a post on X, he said, “I …

BharatPe files fresh injunction plea against Ashneer Grover. Here's why
1 year, 4 months ago

BharatPe files fresh injunction plea against Ashneer Grover. Here's why

Hindustan Times  

In fresh legal trouble for Ashneer Grover, Resilient Innovations, the parent firm of BharatPe, has filed a case in the Delhi high court against the ex-Shark Tank India judge, seeking an injunction after he divulged what it said was ‘confidential' information about the fintech company, in public domain. Ashneer Grover The hearing against Grover, BharatPe's estranged co-founder, took place on …

BharatPe files fresh case against Ashneer for sharing ’confidential information’
1 year, 4 months ago

BharatPe files fresh case against Ashneer for sharing ’confidential information’

Live Mint  

Accusing Ashneer Grover of sharing 'confidential information' relating to the company, fintech firm BharatPe's parent company Resilient Innovations filed a fresh case in the Delhi High Court seeking an injunction, Economic Times reported on 24 November. Last week, BharatPe's embattled cofounder Ashneer Grover posted on X regarding the equity allocation and secondary components undertaken during the company’s Series E funding …

Ashneer Grover, Wife Summoned by Delhi Police Day After Being Stopped at Airport
1 year, 4 months ago

Ashneer Grover, Wife Summoned by Delhi Police Day After Being Stopped at Airport

News 18  

The Delhi Police’s Economic Offences Wing has summoned BharatPe co-founder Ashneer Grover and his wife Madhuri Jain for questioning in connection with an alleged Rs 81-crore fraud at the fintech unicorn, police sources said on Friday. The EOW filed an FIR against Mr Grover, Madhuri Jain and their family members Deepak Gupta, Suresh Jain and Shwetank Jain in May in …

Ashneer Grover hits out at former SBI Chairman Rajnish Kumar
1 year, 4 months ago

Ashneer Grover hits out at former SBI Chairman Rajnish Kumar

Live Mint  

BharatPe former co-founder and managing director Ashneer Grover on November 17 hit out at former SBI Chairman Rajnish Kumar and accused him of "delivering nothing and creating a deflection to hide behind" in a post on social media platform X. This development comes after a public argument between BharatPe co-founder Ashneer Grover and CapitalMind founder and CEO Deepak Shenoy. Amid …

Ashneer Grover tweets in Haryanvi to take a dig at Dhruv Bahl’s BharatPe exit
1 year, 6 months ago

Ashneer Grover tweets in Haryanvi to take a dig at Dhruv Bahl’s BharatPe exit

Hindustan Times  

Ashneer Grover, BharatPe co-founder, took a jibe at Dhruv Dhanraj Bahl after he stepped down as Chief Business Officer. “Tweeting in Haryanvi should be a thing,” shared Ashneer Grover while taking a dig at Bahl’s departure from the fintech firm. Take a look at what Ashneer Grover wrote in Haryanvi below: Since being shared on August 30, the tweet has …

Ashneer Grover makes first appearance on MTV Roadies 19, shuts down Gautam Gulati. Watch
1 year, 8 months ago

Ashneer Grover makes first appearance on MTV Roadies 19, shuts down Gautam Gulati. Watch

Hindustan Times  

Ashneer Grover, founder of BharatPe, who broke out on TV as an investor in Shark Tank India, has now made his inroads into MTV Roadies 19 as a guest judge. Ashneer Grover makes a grand entry on MTV Roadies 19 Ashneer's entry In a new promo of MTV Roadies 19, Ashneer Grover makes a grand entry. His comment was criticised …

Delhi High Court refuses to stay investigation against Ashneer Grover, wife in Economic Offences Wing FIR
1 year, 9 months ago

Delhi High Court refuses to stay investigation against Ashneer Grover, wife in Economic Offences Wing FIR

The Hindu  

The Delhi High Court on June 1 refused to stay, at this stage, an investigation against BharatPe co-founder and former CEO Ashneer Grover, and his wife Madhuri Jain Grover, in a case of an alleged ₹81-crore fraud based on a complaint lodged by the fintech unicorn. The Judge issued notice on the petition by Mr. Grover and his wife seeking …

Delhi HC denies stay on investigation against Ashneer Grover and wife
1 year, 9 months ago

Delhi HC denies stay on investigation against Ashneer Grover and wife

Live Mint  

Delhi HC on Thursday refused to stay the investigation against Ashneer Grover and Madhuri Jain Grover in the FIR registered by Delhi Police based on a complaint by BharatPe, the company which has alleged that Grover and his wife were involved in a fraud amounting to ₹81 crore, according to a report published by Bar and Bench. The Economic Offences …

Delhi Police registers FIR against BharatPe ex-MD Ashneer Grover for 'misappropriation of funds'
1 year, 10 months ago

Delhi Police registers FIR against BharatPe ex-MD Ashneer Grover for 'misappropriation of funds'

The Hindu  

The Economic Offences Wing of the Delhi Police has filed an FIR against former BharatPe co-founder Ashneer Grover, his wife Madhuri Jain Grover and family members Deepak Gupta, Suresh Jain and Shwetank Jain for an alleged ₹81 crore fraud after a complaint by the fintech unicorn. BharatPe in the complaint alleged that Mr. Grover and his family caused damages of …

FIR against BharatPe ex-MD Ashneer Grover, family
1 year, 10 months ago

FIR against BharatPe ex-MD Ashneer Grover, family

Live Mint  

New Delhi: The Economic Offences Wing on Wednesday registered an FIR against former BharatPe managing director Ashneer Grover, his wife Madhuri Jain Grover, and family members, including Deepak Gupta, Suresh Jain, and Shwetank Jain. From the contents of the complaint and enquiry conducted so far, prima-facie offences punishable under Sections 406/408/409/420/467/468/471/120B IPC are made out,” the FIR copy reads, a …

Ashneer Grover, wife Madhuri Jain took THIS only as salary from BharatPe in FY22
2 years, 1 month ago

Ashneer Grover, wife Madhuri Jain took THIS only as salary from BharatPe in FY22

Live Mint  

Ashneer Grover, BharatPe boss and ex-Shark Tank India judge, earned a salary of ₹ 1.69 crore last year, while his wife and BharatPe's head of controls Madhuri Jain Grover took home a total of ₹63 lakh in FY22, the company said in its regulatory filing, as reported by Moneycontrol. Apart from the Grovers, former CEO Suhail Sameer earned a salary …

BharatPe co-founder Ashneer Grover slams tech companies for firing employees, asks founders to take paycuts instead
2 years, 2 months ago

BharatPe co-founder Ashneer Grover slams tech companies for firing employees, asks founders to take paycuts instead

India Today  

BharatPe co-founder Ashneer Grover has been in the news lately for his new startup and also for not being a part of Shark Tank India Season 2. The BharatPe co-founder said that a salary reduction of 25 per cent to 40 per cent can be considered by companies instead of mass layoffs. In the LinkedIn post, Grover also said that …

Remain Courteous: Delhi HC Tells BharatPe, Former MD Ashneer Grover
2 years, 2 months ago

Remain Courteous: Delhi HC Tells BharatPe, Former MD Ashneer Grover

News 18  

The Delhi High Court on Monday advised payment app BharatPe and its estranged co-founder Ashneer Grover to be courteous to each other even after their falling out. Justice Navin Chawla, while hearing BharatPe’s lawsuit against Grover, its former MD, and his family members to restrain them from making allegedly defamatory statements, blamed social media for “bringing us down to this …

BharatPe vs Ashneer Grover case: Delhi HC asks Grover to maintain decorum
2 years, 2 months ago

BharatPe vs Ashneer Grover case: Delhi HC asks Grover to maintain decorum

Live Mint  

The Delhi High Court on Monday told the counsel for former BharatPe managing director Ashneer Grover to ask him to maintain decorum and not to speak against the company’s chief officers. The court was hearing a civil suit filed by BharatPe on 8 December seeking ₹88 crore in damages and orders to restrain Grover and others from making defamatory statements …

’Man up,’ says ousted Ashneer Grover; hits out at BharatPe founder
2 years, 2 months ago

’Man up,’ says ousted Ashneer Grover; hits out at BharatPe founder

Live Mint  

BharatPe’s chief executive Suhail Sameer, who has been overseeing the beleaguered fintech company after it ousted co-founder Ashneer Grover alleging financial misappropriation, has stepped down from his position. Ousted BharatPe founder Ashneer Grover took to Twitter and hit out at the company's founder Shashvat Nakrani and asked him to 'man up and to take care of the business.' Fintech unicorn …

Suhail Sameer to resign as CEO of BharatPe, says report
2 years, 2 months ago

Suhail Sameer to resign as CEO of BharatPe, says report

Firstpost  

There are rumours that BharatPe is planning a leadership transition. Suhail Sameer, the business’s chief executive, is leaving the company, as per a report in Mint. Afterwards, as Grover’s focus moved to obtaining a banking license after purchasing PMC Bank and raising money, all of the company’s top executives were asked to report to Sameer. In recent weeks, in response …

BharatPe CEO Suhail Sameer resigns from his post; Nalin Negi appointed as interim chief executive
2 years, 2 months ago

BharatPe CEO Suhail Sameer resigns from his post; Nalin Negi appointed as interim chief executive

India TV News  

BharatPe CEO quits: BharatPe's Chief Executive Officer Suhail Sameer resigned from his post on Tuesday. "Sameer will transition from Chief Executive Officer to strategic advisor effective January 7, 2023," the company said in a statement without mentioning the reason behind his resignation. The company further stated that Sameer's new role will ensure a smooth transition for the current CFO, Nalin …

Ashneer Grover calls hiring ex-SBI Chairman Rajnish Kumar his biggest mistake
2 years, 3 months ago

Ashneer Grover calls hiring ex-SBI Chairman Rajnish Kumar his biggest mistake

Live Mint  

BharatPe former co-founder and managing director Ashneer Grover on Friday hit out at former SBI Chairman Rajnish Kumar and said that hiring him was his 'biggest mistake'. In October 2021, Grover spoke about Rajnish Kumar's appointment and had said, “It is a matter of great validation and pride for us that one of the biggest stalwarts of the Indian Banking …

BharatPe approaches Delhi HC to restrain Ashneer Grover, wife, others from making defamatory statements
2 years, 3 months ago

BharatPe approaches Delhi HC to restrain Ashneer Grover, wife, others from making defamatory statements

The Hindu  

: The Delhi High Court on Thursday issued summons to BharatPe’s former managing director Ashneer Grover and his wife on a suit filed by the company seeking to restrain them from making defamatory statements against the fintech firm. The High Court gave Mr. Grover, his wife Madhuri Jain and others two weeks to submit replies to the plea filed by …

BharatPe Files Criminal Suit Against Ashneer Grover, Family; Know What Is The Case
2 years, 3 months ago

BharatPe Files Criminal Suit Against Ashneer Grover, Family; Know What Is The Case

News 18  

Fintech unicorn BhartPe has filed a criminal suit against its former MD and co-founder Ashneer Grover and his family, seeking up to Rs 88.67 crore in damages for alleged cheating and embezzlement of funds. “Pass a decree of permanent injunction restraining the defendants and/or anyone on their behalf in any manner whatsoever from making defamatory/derogatory statements concerning the plaintiff, its …

CTO, CPO, others quit BharatPe
2 years, 3 months ago

CTO, CPO, others quit BharatPe

Live Mint  

NEW DELHI: Three senior executives have resigned from BharatPe, two people aware of the matter told Mint. BharatPe has an incredible leadership bench, and has continued to strengthen and build it over the last 12 months, with key senior hires in Product, Technology, Data Science, Finance and HR," a BharatPe spokesperson said responding to Mint's query on this. The same …

BharatPe co-founder Ashneer Grover begins work on new company with wife
2 years, 8 months ago

BharatPe co-founder Ashneer Grover begins work on new company with wife

Live Mint  

Ashneer Grover along with his wife Madhuri Jain Grover have formed a new company called Third Unicorn Private Limited, as per data accessed through Tofler. According to Tofler data, Ashneer Grover and Madhuri Jain Grover, who was previously Head of Controls at BharatPe, are both directors of the firm founded on July 6. The company first sacked Madhuri Jain, wife …

BharatPe sacks several employees, initiates action to retrieve Ashneer Grover's restricted shares
2 years, 10 months ago

BharatPe sacks several employees, initiates action to retrieve Ashneer Grover's restricted shares

Firstpost  

The steps have been taken by the company’s board following a detailed corporate governance review against the backdrop of alleged lapses and misdoings during the tenure of Grover as managing director New Delhi: Payments startup BharatPe on Tuesday said it has terminated several employees and vendors as well as filed criminal cases against them for misconduct besides deciding to claw …

Ashneer Grover to Start New Venture With Own Money; Know Why He Won't Go Back to Investors
2 years, 10 months ago

Ashneer Grover to Start New Venture With Own Money; Know Why He Won't Go Back to Investors

News 18  

BharatPe co founder and former managing director Ashneer Grover has come into the spotlight again, but this time it is not the feud that he is famous for. “It’s a badly fought corporate battle,” Grover said while refusing to be drawn into the alleged misconduct with shareholders that had put him in the limelight. Following a series of bitter row …

I Wish To Start My Own Venture Without Seeking Funds From Investors, Says Ashneer Grover
2 years, 10 months ago

I Wish To Start My Own Venture Without Seeking Funds From Investors, Says Ashneer Grover

ABP News  

New Delhi: Ashneer Grover, co-founder and former managing director of fintech platform BharatPe, said that he is planning to start his own venture without seeking funds from the investors. Grover, who along with his wife Madhuri Jain Grover has been stripped of all company titles over alleged "extensive misappropriation of company funds" and using "company expense accounts" to "enrich themselves …

Ashneer Grover says he'll start his own venture sans investors
2 years, 10 months ago

Ashneer Grover says he'll start his own venture sans investors

India TV News  

Ashneer Grover says he'll start his own venture sans investors Grover, who along with his wife Madhuri Jain Grover has been stripped of all company titles over alleged "extensive misappropriation of company funds" and using "company expense accounts" to "enrich themselves and fund their lavish lifestyles", said he will not go back to investors again. Ashneer Grover, co-founder and former …

Ashneer Grover Episode Is An Aberration, Says BharatPe Chairman Rajnish Kumar
2 years, 11 months ago

Ashneer Grover Episode Is An Aberration, Says BharatPe Chairman Rajnish Kumar

ABP News  

New Delhi: Rajnish Kumar, former SBI chairman and current chairman of BharatPe, has said that the Ashneer Grover row was just an aberration. The media should not pay so much attention to BharatPe.” When asked about the Ashneer Grover episode, he said, “I would not like to discuss the internal situation and the reasons behind it. And, everyone can see …

Ashneer Grover Asks BharatPe to Show Cause CEO for 'Despicable Behaviour'; Boardroom Drama Still On
2 years, 11 months ago

Ashneer Grover Asks BharatPe to Show Cause CEO for 'Despicable Behaviour'; Boardroom Drama Still On

News 18  

BharatPe vs Ashneer Grover: BharatPe co-founder and former managing director Ashneer Grover has sent a letter to the payments firm’s board and sought apology from its CEO Suhail Sameer for his comments on LinkedIn against him and his sister Aashima. In his letter, Ashneer Grover said that Suhail Sameer’s words on social media were not only defamatory, but “also blatantly …

Ashneer Grover 'Paisa Chura Liya', Says BharatPE CEO When Employee Asks for Salary
2 years, 11 months ago

Ashneer Grover 'Paisa Chura Liya', Says BharatPE CEO When Employee Asks for Salary

News 18  

BharatPe vs Ashneer Grover: The row between finance company BharatPe and its erstwhile managing director Ashneer Grover refuses to take a halt even after a month has passed since the cofounder resigned from the company’s board. While scuffles between BharatPe CEO Suhail Sameer and Grover can often be seen online, this time it was LinkedIn that remained witness to a …

’Ashneer stole all the money’: BharatPe CEO’s fresh jibe in never-ending saga
2 years, 11 months ago

’Ashneer stole all the money’: BharatPe CEO’s fresh jibe in never-ending saga

Live Mint  

Hours after BharatPe co-founder Ashneer Grover took a dig at the company's CEO Suhail Sameer for maximum cash burn and first quarterly de-growth on Twitter, the latter fired back on another platform LinkedIn. Ashneer Grover's sister Aashima Grover replied to the post, saying BharatPe's top management is a "shameless bunch". To which BharatPe CEO Suhail Sameer hit back: "Tere bhai …

BharatPe CEO Suhail Sameer's LinkedIn reply to Ashneer Grover's sister
2 years, 11 months ago

BharatPe CEO Suhail Sameer's LinkedIn reply to Ashneer Grover's sister

Op India  

On April 7, BharatPe Chief Executive Officer Suhail Sameer replied to a comment posted by former CEO Ashneer Grover’s sister Ashima Grover and said, “Your brother stole all the money. In a tweet, he wrote, “So I just heard BharatPe closed its first quarter of ‘degrowth’ and ‘maximum cash burn’ under able leadership of Rajnish Kumar and Suhail Sameer. ‘Chaabi …

’Ab nani yaad aayegi:’ Ashneer Grover takes a fresh dig at BharatPe CEO
2 years, 11 months ago

’Ab nani yaad aayegi:’ Ashneer Grover takes a fresh dig at BharatPe CEO

Live Mint  

The feud between Ashneer Grover and BharatPe continues with the former taking fresh dig at the company for first quarterly de-growth along with maximum cash burn. "So I just heard BharatPe closed it’s first quarter of ‘degrowth’ and ‘maximum cash burn’ under able leadership of Rajnish Kumar and Suhail Sameer," Grover tweeted. BharatPe, which allows shop owners to make digital …

Ashneer Grover Hits Out at BharatPe CEO and Chairman, Says 'Ab Nani Yaad Aayegi'
2 years, 11 months ago

Ashneer Grover Hits Out at BharatPe CEO and Chairman, Says 'Ab Nani Yaad Aayegi'

News 18  

Ashneer Grover, the founder and former managing director of BharatPe, hit back at Rajnish Kumar, chairman and Suhail Sameer chief executive officer of the fintech company on Thursday, almost a month after his exit from the board. “So I just heard @bharatpeindia closed it’s first quarter of ‘degrowth’ and ‘maximum cash burn’ under able leadership of Rajnish Kumar and Suhail …

Shark Tank's Ashneer Grover owns a Rs 10 crore table? His response is now viral
2 years, 11 months ago

Shark Tank's Ashneer Grover owns a Rs 10 crore table? His response is now viral

India Today  

It was a mini Shark Tank reunion when Boat founder Aman Gupta and Shaadi.com founder Anupam Mittal went for dinner at Ashneer Grover’s Delhi home. The trio enjoyed a light moment and made their own meme while speculating at Ashneer Grover’s “Rs 10 crore dining table”. After Anupam Mittal and Aman Gupta visited his home, the trio made a meme …

BharatPe-Ashneer Grover Controversy: Ministry of Corporate Affairs Looking At Board's Conduct
3 years ago

BharatPe-Ashneer Grover Controversy: Ministry of Corporate Affairs Looking At Board's Conduct

ABP News  

New Delhi: The Ministry of Corporate Affairs has decided to look at how the board of BharatPe acted during its fight with Ashneer Grover, former managing director and co-founder of the fintech firm. Ashneer Grover resigned from his post at BharatPe last week after nearly two months of high drama where he locked horns with board members and key investors. …

BharatPe Board Not To Intervene In Bhavik Koladiya And Ashneer Grover Stake Issue
3 years ago

BharatPe Board Not To Intervene In Bhavik Koladiya And Ashneer Grover Stake Issue

ABP News  

New Delhi: As the Ashneer-BharatPe fight now on a legal course, the Board of the company is not going to intervene in a new controversy regarding the fintech company's original founder Bhavik Koladiya and his stake in the firm. Another co-founder Shashvat Nakrani has written a fresh letter to employees, saying that Ashneer tried to create a false narrative about …

BharatPe Co-Founder Nakrani Says Board Acted Decisively In Removing Ashneer Grover
3 years ago

BharatPe Co-Founder Nakrani Says Board Acted Decisively In Removing Ashneer Grover

ABP News  

New Delhi: Shashvat Nakrani, co-founder BharatPe, has accused Ashneer Grover, another co-founder of the fintech firm, of creating a false narrative about the company and said the board acted quickly and decisively in unseating him after PwC report, according to a report in the PTI. Ashneer sent in his resignation late night on March 1, 2022 to the board, minutes …

A short history of events that led to Ashneer Grover’s resignation from BharatPe
3 years ago

A short history of events that led to Ashneer Grover’s resignation from BharatPe

The Hindu  

The story so far: Fintech company BharatPe on March 2 removed co-founder Ashneer Grover from all positions of the company, accusing his family of extensively misappropriating the company’s funds. BharatPe said that external advisors had reviewed the company’s internal controls, and Mr. Grover resigned shortly after he was informed that these findings will be presented to the company’s Board. Early …

Ashneer Grover vs BharatPe: 5 key takeaways from boardroom fight at unicorn startup
3 years ago

Ashneer Grover vs BharatPe: 5 key takeaways from boardroom fight at unicorn startup

India Today  

The rise of Ashneer Grover and unicorn startup BharatPe was considered as an inspiring Indian entrepreneurs' success story till a rift between the co-founder of the company and board members snowballed into a major controversy. The payment startup hitback by stripping its co-founder Ashneer Grover of all positions for his alleged 'misdeeds' and may take further legal actions, including clawing …

BharatPe says Ashneer Grover used firm money to fund lavish lifestyle, removes him from all posts
3 years ago

BharatPe says Ashneer Grover used firm money to fund lavish lifestyle, removes him from all posts

India Today  

Indian fintech firm BharatPe has removed Ashneer Grover from all positions in the company, including from his post of director on the board. In a statement, the company said that Ashneer Grover submitted his resignation as soon as he heard that the firm’s internal records would be reviewed by independent external advisors. “Ashneer Grover quickly shirked responsibility by sending an …

BharatPe board may take legal action against Ashneer Grover, alleges family 'engaged in misappropriation of funds'
3 years ago

BharatPe board may take legal action against Ashneer Grover, alleges family 'engaged in misappropriation of funds'

Firstpost  

Ashneer Grover is no longer an employee, a founder, or a director of the company, said a statement issued by BharatPe. BharatPe reserves the right to take legal action against the embattled co-founder Ashneer Grover who quit yesterday as managing director and board director, the company said in a detailed statement hours after an extensive late night board meeting. Bitter …

Ashneer Grover is 'No Longer a Founder' of BharatPe; Company Can Take Legal Action for 'Spinning Lies'
3 years ago

Ashneer Grover is 'No Longer a Founder' of BharatPe; Company Can Take Legal Action for 'Spinning Lies'

News 18  

A day after Ashneer Grover resigning from BharatPe, the company’s board said that he is no longer an employee, a founder, or a director of the fintech firm. “As a result of his misdeeds, Mr. Grover is no longer an employee, a founder, or a director of the company,” the board said in a statement. Ashneer Grover, the embattled founder …

Fame to failure in few months! Tracking Ashneer Grover's downfall
3 years ago

Fame to failure in few months! Tracking Ashneer Grover's downfall

India Today  

BharatPe co-founder Ashneer Grover has resigned as managing director and board director, the payment startup said on Tuesday. In a scathing resignation letter, Grover cited reasons for quitting BharatPe board, even as he minced no words to hit back at officials for allegedly targeting him. PUBLIC ROW WITH KOTAK MAHINDRA BANK One of the major controversies pertaining to Grover came …

Ashneer Grover resigns from BharatPe, says was 'vilified'
3 years ago

Ashneer Grover resigns from BharatPe, says was 'vilified'

Op India  

Ashneer Grover, the co-founder of BharatPe, who was also one of the investors on TV program Shark Tank, has reportedly put down his papers amid a probe that is currently ongoing to investigate financial fraud at the company. In an e-mail sent to the company board late on February 28, Monday night, Ashneer Grover said he’s resigning from the fintech …

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