BharatPe, Ashneer Grover finalise settlement as ex-co-founder cuts all ties with fintech
As per the settlement, Grover will no longer be affiliated with BharatPe in any capacity, nor will he hold any shares in the company.
As per the settlement, Grover will no longer be affiliated with BharatPe in any capacity, nor will he hold any shares in the company.
The fintech unicorn's losses before tax plunged from ₹5,594 crore in FY22 to ₹886 crore in FY23.
Ashneer Grover says he did not receive any summon from the Economic Offences Wing of Delhi Police since FIR was filed in May this year till 8 am on November 17.
FIR by Economic Offences Wing alleges sham transactions and embezzlement of ₹71.76 crore by the accused
The development comes months after Koladiya’s departure from BharatPe in August last year.
The BharatPe board had earlier alleged Grover and his family of “extensive misappropriation” of company funds.
BharatPe says there is no change in this decision and the company will pursue all steps under the law to protect its right.
The fintech startup has also terminated the services of several employees.
BharatPe refutes Grover's claims, says it registered the strongest quarter in its history.
BharatPe cofounder says he doesn't hold the Guinness World Record for the most expensive dining table ever.