Bharatpe

BharatPe launches 'Shield' to protect users from digital transaction frauds

BharatPe Shield covers risks such as computer fraud, phishg attacks, and unauthorised transactions caused by phone loss

BharatPe fraud case: HC quashes lookout circular on Ashneer Grover, wife

The Delhi High Court has ordered the cancellation of a lookout circular (LOC) issued against Ashneer Grover, the former MD of payment app BharatPe, and his wife Madhuri Jain Grover, noting that the FIR lodged against them over allegations of cheating and forgery has already been quashed. Justice Sanjeev Narula passed the order on Monday after the court was informed that another bench of the high court quashed the FIR on the same day. "Although the copy of the order (quashing the FIR) is not available as of now, the aforenoted fact is not disputed by the counsel for the parties. "In light of the fact that the underlying FIR has been quashed, the LOC issued by respondent No. 3 (Bureau of Immigration), in the opinion of the court, will not survive," Justice Narula said. The LOC was issued by the Bureau of Immigration at the instance of Delhi Police's Economic Offences Wing (EOW) in view of the investigation against the Grovers in the cheating and forgery FIR. The quashing of the FIR

Fintech major BharatPe rolls out investment platform 'Invest BharatPe'

The Delhi-based fintech launched digital gold in partnership with Safegold, enabling customers to purchase and sell gold digitally

Ashneer Grover's legal battle with BharatPe ends after settlement deal

As part of the settlement, Grover will no longer be associated with BharatPe, ending the legal battle that began with his removal as managing director in March 2022

Ashneer Grover withdraws NCLT plea against BharatPe after settlement

Ashneer Grover, co-founder and former managing director of BharatPe, withdrew his plea from the National Company Law Tribunal (NCLT), in which he had alleged oppressive conduct and mismanagement by the board of the fintech firm. The withdrawal of the plea from the NCLT's Delhi bench came after Grover reached a settlement with the company on September 30, 2024. A copy of the settlement agreement was also placed before the NCLT by the counsel appearing for Grover, who had filed an application for withdrawal of the petition. "... during the pendency of the said petition, parties have arrived with settlement and also executed the settlement agreement dated September 30, 2024, a copy of which is placed on record and in view of the settlement applicant (who ispPetitioner in the main company petition) has sought liberty to withdraw the company petition," the NCLT order dated October 14, 2024, noted. It further said: "Liberty is granted to the applicant to withdraw the company petition...

BharatPe's Ebitda loss declines to Rs 209 cr, revenue up 39% in FY24

The company said that its cash burn was reduced by 85 per cent on a Y-o-Y basis

BharatPe settles longstanding dispute with former co-founder Ashneer Grover

Grover will neither be associated with BharatPe nor be a part of its shareholding

BharatPe settles with Ashneer Grover: Fraud allegations dropped in Rs 81 crore case

BharatPe settles with former co-founder Ashneer Grover; drops legal action

BharatPe has settled with former co-founder Ashneer Grover and has decided not to pursue any legal action. The case pertains to Bharatpe's allegations against Grover of fraud worth Rs 81 crore

Fintech firm BharatPe to offer food ordering with latest ONDC integration

Similar to other food aggregator applications such as Zomato and Swiggy, customers using the feature would be able to track their orders on a real-time basis

BharatPe fraud case: Delhi Police EOW nabs Ashneer Grover's family member

Delhi Police Economic Offences Wing (EOW) 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. Deepak Gupta, who is a brother-in-law of Grover, was arrested on Friday, they said. Gupta was named in the FIR which was registered against Grover, his wife Madhuri Jain and their family member in May 2023 in the Rs 81-crore fraud case, an officer said, adding that Gupta is being interrogated. Gupta's arrest is the second arrest in this case so far, officials said. In August this year, the EOW had arrested Amit Kumar Bansal, who allegedly was one of the members of the non-existing firms that had received payments of Rs 72 crore from the then directors of BharatPe between 2019 and 2021. BharatPe has accused Grover and his family of causing losses to the firm to the tune of about Rs 81.3 crore through illegitimate payments to bogus human-resource consultants, ..

BharatPe fraud case: Ashneer Grover's relative arrested by Delhi Police EOW

Deepak Gupta is married to the sister of Madhuri Grover, Ashneer Grover's wife, who previously served as BharatPe's head of controls

BharatPe launches UPI offering, taps into consumer payments segment

Fintech platform BharatPe on Wednesday announced the launch of its UPI TPAP (third-party application provider) to facilitate consumer digital payments. Earlier, BharatPe provided merchant-to-merchant digital payment services. The company has also rebranded buy-now-pay-later app postpe' to BharatPe', according to a statement. With this, there are now two apps available in the public domain: BharatPe (earlier postpe), and BharatPe for Business. The fintech platform said it has partnered with Unity Bank to enable TPAP. Customers can create their UPI ID on the BharatPe app with the extension @bpunity, and make both individual and merchant transactions. "With our UPI TPAP, we aim to enable millions across Bharat to make seamless and secure UPI transactions, for their individual as well as business needs. "The foray into the consumer payments category will help us to further propel adoption of digital payments and drive financial inclusion across the country," BharatPe CEO Nalin Negi

Delhi HC okays appointment of arbitrator in Ashneer Grover-BharatPe dispute

The court ruled that the arbitration will be under the Delhi International Arbitration Centre (DIAC)

BharatPe launches secured loans for merchants, expands credit offerings

Merchants on the fintech platform can avail of two-wheeler loans up to Rs 2.5 lakh from OTO Capital, with a repayment period ranging between 12 and 48 months

'Hire fast, fire fast': Ashneer Grover wants shorter hiring, notice periods

Ashneer Grover said that a lengthy hiring process can still fail to yield the desired results as candidates are on their best behaviour at that time but may not meet expectations later

BharatPe, PhonePe amicably settle trademark disputes over 'Pe' suffix

The settlement concludes five-year-long legal disputes across multiple courts

Cheating-forgery case: HC permits Ashneer Grover, wife to travel abroad

The Delhi High Court on Friday permitted payment app BharatPe's former MD Ashneer Grover and his wife, facing prosecution in a cheating and forgery case, to travel abroad by directing them to furnish a surety of Rs 80 crore each. While the couple intended to travel together to the USA from May 26 to July 1, the court permitted them to go abroad one at a time. On the suggestion of petitioners' counsel, the court allowed Grover to travel to the USA from May 26 to June 12 and his wife Madhuri Jain Grover from June 12 to July 1. Justice Subramonium Prasad said the couple shall not extend the dates of travel and shall return to India on the given dates. He made it clear that any application for the extension of stay abroad will not be entertained. They sought the permission to travel abroad to meet their extended family members in the USA and also submitted that their son has been invited for a summer course -- National Student Leadership Conference -- at the University of California, .

Court asks Ashneer Grover, wife to give Rs 80 cr security to travel to US

The Delhi High Court also directed Ashneer Grover and his wife to submit their Emirates Card to the court, preventing visits to the UAE due to their 'golden visa'

Former BharatPe COO Bahl-led Eternal Capital launches Rs 120 crore VC fund

The fund has been uniquely structured to democratise and simplify access to early-stage institutional deals in start-ups