Mumbai: New-age non-bank lender BharatPe is looking to sell anywhere between 10% and 25% stake in Unity Small Finance Bank, depending on buyer interest, two people with knowledge of the development said. The agreement was struck at the time a consortium of Centrum Financial Services Ltd and BharatPe acquired the small finance bank licence. The first person added that Unity …
The Delhi High Court Wednesday issued summons to payment app BharatPe’s former MD Ashneer Grover on a suit by the company’s co-founder seeking to reclaim the shares he transferred to his erstwhile colleague. Justice Prateek Jalan noted Grover’s counsel’s submission that he will file a reply to the suit and not create any third party rights to the 16,110 shares …
BharatPe plans to raise $150-200 million in equity funding and around $500 million of debt, in the biggest fund-raise for the payments and alternative lending startup. The company aims to raise the first tranche of about $100 million equity by March, chief executive and co-founder Ashneer Grover said in an interview, adding the debt will be raised over two years. …
