BharatPe said it also reached an all-time high of $18.5 billion in annualised total payment value (TPV) -- a growth of 50 per cent over the last quarter
Ashneer Grover, who is currently in the US, may sell his BharatPe stake or raise fresh capital by issuing a stake in the new company
After facing the months-long Ashneer Grover saga, fintech platform BharatPe is witnessing some high-profile exits and now, its founding member Satyam Nathani has resigned
He was to play a key role in Unity SFB, which was acquired through a BharatPe-Centrum Financial JV; CRO Nishit Sharma, head of institutional debt partnerships Chandrima Dhar had resigned earlier
"I wish to start my own venture with my own money and make it profitable," he said during the recently-held TiECon-2022 start-up and entrepreneurial event in Chandigarh
In response to a comment by Ashneer's sister on a social media post by former Bharatpe employee, Sameer said: "Sister, your brother has stolen all the money. Very little left to pay salaries"
The two trade charges after staffer's allegation abpit unpaid dues
BharatPe, which allows shop owners to make digital payments through QR codes, last month, stripped Ashneer Grover of all titles and positions after a third-party audit alleged grave governance lapses
Showdown between co-founder of BharatPe and his colleagues comes at the height of a boom for India's startup scene.
Ashneer Grover last week resigned as company's managing director and director, says he will cooperate with ministry.
As the Ashneer-BharatPe fight now on a legal course, the Board of company will not intervene in a new controversy regarding the company's original founder Bhavik Koladiya and his stake in the firm