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 and fund their lavish lifestyles", said he will not go back to investors again. Ashneer last month threatened a legal action against BharatPe CEO Suhail Sameer and the board for his comments on professional networking platform LinkedIn against his sister Ashima Grover, along with seeking a resignation from Chairman Rajnish Kumar. In a letter written to BharatPe Board, Ashneer said that Sameer should be "immediately served a show-cause notice for his despicable public behaviour and immediately put on leave of absence to manage the damage to the Brand of the company".

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History of this topic

Ashneer Grover says, ‘Banks se tech nahi ho rahi’ as Kotak Mahindra Bank share prices drop 10%; netizens react
10 months, 3 weeks 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, 1 week 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 …

BharatPe files fresh injunction plea against Ashneer Grover. Here's why
1 year, 3 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 …

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 …

’Ab number aayega inka’: Ashneer Grover takes a dig at VCs after SVB’s collapse
2 years ago

’Ab number aayega inka’: Ashneer Grover takes a dig at VCs after SVB’s collapse

Live Mint  

Ashneer Grover, co-founder and former MD of Indian fintech company BharatPe, has taken a dig at venture capitalists after the collapse of the US's Silicon Valley Bank. Some of the Indian Startups and venture capital firms have exposure to the Silicon Valley Bank. Moreover, some of the funds such as Sequoia Capital, Accel, Ribbit Capital, Index Ventures, and Bessemer Venture …

’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 …

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 …

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 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 …

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 …

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 …

BharatPe: The coming of age story for Indian startups | OPINION
3 years ago

BharatPe: The coming of age story for Indian startups | OPINION

India Today  

The past few years have put the spotlight on the phenomenal wealth creation by a tribe of businesses called “startups”. The issue has come to prominence due to the governance related matters of BharatPe, a phenomenal financial technology or fintech startup, that pushed the creation of unified QR codes for UPI based payment acceptance, and forced the QR code-based payment …

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 …

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 …

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 …

BharatPe-Ashneer Grover Battle Not Over: Board to Meet Today, Says Reserves Right to Take Action
3 years ago

BharatPe-Ashneer Grover Battle Not Over: Board to Meet Today, Says Reserves Right to Take Action

News 18  

BharatPe boardroom-battle is not over yet. Ashneer Grover, the beleaguered co-founder of the fintech firm has resigned as the managing director and a director on the company’s board, with immediate effect. Replying to Grover’s resignation BharatPe spokesperson told CNBC-TV18, “Ashneer Grover resigned as Managing Director and Board Director of BharatPe minutes after receiving the agenda for upcoming Board meeting.” The …

Ashneer Grover quits BharatPe board: Full text of resignation letter
3 years ago

Ashneer Grover quits BharatPe board: Full text of resignation letter

India Today  

Ashneer Grover has resigned as the managing director of BharatPe. Last week, the services of Grover’s wife and ex-head of controls at the Indian fintech unicorn Madhuri Jain, were terminated by BharatPe based on the allegations of financial irregularities and money siphoning, according to a Business Today report. ASHNEER GROVER'S RESIGNATION LETTER - FULL TEXT Here is the full text …

Ashneer Grover resigns from BharatPe, pens strongly-worded resignation letter
3 years ago

Ashneer Grover resigns from BharatPe, pens strongly-worded resignation letter

India Today  

Ashneer Grover, the beleaguered co-founder of BharatPe, has resigned as the managing director and board director of the Indian fintech unicorn. ASHNEER GROVER'S RESIGNATION LETTER Grover has written a scathing resignation letter addressing the board. I say with my head held high that today this company stands as a leader in the fintech world," Grover wrote in his resignation letter, …

BharatPe Co-founder Ashneer Grover Resigns, Says 'Founder of Company Reduced to...'
3 years ago

BharatPe Co-founder Ashneer Grover Resigns, Says 'Founder of Company Reduced to...'

News 18  

Ashneer Grover, the co-founder and managing director of BharatPe, has resigned from the fintech firm amid ongoing controversy at the company. BharatPe-Ashneer Grover Controversy: A Timeline Earlier this year, a phone conversation went viral in which a man, alleged to be Ashneer Grover, could be heard abusing an employee of Kotak Mahindra Bank after the lender had missed out on …

Ashneer Grover quits as BharatPe MD soon after getting board meeting agenda
3 years ago

Ashneer Grover quits as BharatPe MD soon after getting board meeting agenda

India TV News  

Highlights The board meet included consideration of action against him based on the report submitted by PwC The Board reserves the right to take action based on the report's findings Build incrementally even half of the value I created so far, said Ashneer in the letter Fintech firm BharatPe's managing director Ashneer Grover has resigned minutes after receiving an upcoming …

Will BharatPe Terminate Co-Founder Ashneer Grover After His Wife? Here's a Timeline of the Saga
3 years ago

Will BharatPe Terminate Co-Founder Ashneer Grover After His Wife? Here's a Timeline of the Saga

News 18  

The boardroom drama over the reigns of fintech major BharatPe shows no signs of abating. In the latest turn of events, Madhuri Jain, the company’s controller and Ashneer Grover’s, cofounder and managing director of BharatPe, wife, on charges of misappropriating funds. Sameer also called for employee trust, as the corporate battle between BharatPe’s board and cofounder Ashneer Grover had left …

BharatPe Sacks Ashneer Grover's Wife Madhuri Jain Grover Amid Charges Of Financial Fraud: Report
3 years, 1 month ago

BharatPe Sacks Ashneer Grover's Wife Madhuri Jain Grover Amid Charges Of Financial Fraud: Report

ABP News  

New Delhi: In a significant development, BharatPe has terminated the services of to Ashneer Grover's wife Madhuri Jain Grover, head of controls at the fintech platform, for alleged financial irregularities during her tenure in the company. Quoting sources IANS on Wednesday said that Madhuri Jain's contract was terminated as the probe has found misappropriation of funds during her time at …

Ashneer Grover controversy: Interim report on governance lapses in BharatPe in 2 weeks: CEO Suhail Sameer
3 years, 1 month ago

Ashneer Grover controversy: Interim report on governance lapses in BharatPe in 2 weeks: CEO Suhail Sameer

India TV News  

BharatPe chief executive Suhail Sameer in a communication to employees has stated that there were a couple of "serious allegations" of governance lapses, which warranted a fine-tooth-comb audit of governance practices by outside experts. Later, Grover reportedly stated that he was "arm-twisted" by the company's investors into going on leave and had lost confidence in CEO Sameer Suhail, and he …

Legal tussle between Grover, Kotak Wealth not over yet
3 years, 1 month ago

Legal tussle between Grover, Kotak Wealth not over yet

Live Mint  

The legal tussle between BharatPe co-founder Ashneer Grover and Kotak Wealth Management, which has cascaded into a row between him and the BharatPe board, looks like dragging on. In a letter to Grover, Kotak’s legal representative Khaitan and Co. said the firm has not entered into any discussions with Grover and his wife in the so-called dispute over IPO financing. …

Financial scam at BharatPe, founder Ashneer Grover involved: Report
3 years, 1 month ago

Financial scam at BharatPe, founder Ashneer Grover involved: Report

Op India  

Ashneer Grover, the founder of BharatPe, who took a “voluntary leave of absence” until the end of March after the abusive phone call controversy, is now again caught in the eye of the storm as allegations of financial fraud as surfaced against his wife and brother-in-law. According to the investigation, Madhuri Jain, the wife of BharatPe founder Ashneer Grover, received …

BharatPe founder Ashneer Grover denies allegations of fraud, poor work culture; guns for his investors
3 years, 1 month ago

BharatPe founder Ashneer Grover denies allegations of fraud, poor work culture; guns for his investors

Firstpost  

Grover has made it clear that current CEO Suhail Sameer does not have his support, and that the latter is the ‘investors’ puppet’ Ashneer Grover is calm. Grover is co-founder and managing director of BharatPe, a company that was better known for its QR code aggregator app, service and surprise bank licence until a month ago, but is now best …

BharatPe likely to fire co-founder Ashneer Grover amid fraud concerns
3 years, 1 month ago

BharatPe likely to fire co-founder Ashneer Grover amid fraud concerns

Live Mint  

The board of BharatPe has decided to terminate the services of Ashneer Grover, the company’s co-founder and managing director, two people familiar with the developments said. The company this week has also terminated the services of 15 employees, including Madhuri Jain, head of controls at BharatPe, who is married to Grover, one of the two people said. “We again urge …

After ‘Audiogate’, BharatPe co-founder goes on voluntary leave: All you need to know about scandal surrounding Ashneer Grover
3 years, 2 months ago

After ‘Audiogate’, BharatPe co-founder goes on voluntary leave: All you need to know about scandal surrounding Ashneer Grover

Firstpost  

BharatPe co-founder Ashneer Grover issued a statement that he will be taking a leave of absence till March-end, just two weeks after an abusive audio clip of his with a Kotak Mahindra Bank was leaked online Days after an abusive audio clip of him emerged, BharatPe co-founder Ashneer Grover has decided to go on a ‘voluntary leave of absence’ till …

BharatPe's Ashneer Grover takes voluntary leave till March-end
3 years, 2 months ago

BharatPe's Ashneer Grover takes voluntary leave till March-end

Hindustan Times  

BharatPe co-founder and managing director Ashneer Grover, who was recently embroiled in a controversy over purportedly using abusive language against Kotak Mahindra Bank staff, has taken a voluntary leave till March-end. BharatPe co-founder and managing director Ashneer Grover Grover informed the company's Board about his decision to proceed on leave earlier in the day, as per a statement issued by …

BharatPe MD Ashneer Grover Goes On Voluntary Leave Till March-End Amid Turmoil
3 years, 2 months ago

BharatPe MD Ashneer Grover Goes On Voluntary Leave Till March-End Amid Turmoil

ABP News  

New Delhi: Fintech firm BharatPe on Wednesday said its co-founder and MD Ashneer Grover has decided to take a voluntary leave of absence from BharatPe till March-end. While BharatPe did not specify a reason for Grover's decision, it said the co-founder had on Wednesday informed the Board of his decision to take a voluntary leave of absence from BharatPe till …

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