Page 4 - Bharatpe

BharatPe paid Rs 1.69 cr salary to Ashneer, Rs 63 lakh to his wife in FY22

Fintech platform BharatPe paid a salary of Rs 1.69 crore to Ashneer Grover in FY22, while his wife Madhuri Jain Grover who was former head of controls at the company took home Rs 63 lakhs

BharatPe loses Rs 5,610 cr in FY22 after change in fair value of CCPS

Apart from the CCPS cost, the company's adjusted loss grew 2.2 times to Rs 828.2 crore in FY22, from Rs 227.3 crore in the earlier fiscal year

BharatPe makes 3 hires for corporate governance, compliance, data security

Fintech firm says it is essential to strengthen the roles as it 'focuses on getting IPO ready'

IPO-bound BharatPe appoints three top execs amid legal battle with Ashneer

Founded in 2018, BharatPe is currently serving 1 crore merchants across more than 400 cities

Delhi HC asks Ashneer Grover to file undertaking in suit by Bhavik Koladiya

Delhi HC told BharatPe's former MD Ashneer Grover to file an undertaking in a week's time in connection with a suit filed by the fintech company's co-founder Bhavik Koladiya

Bhavik Koladiya takes Ashneer Grover to court over BharatPe share dispute

Bhavik Koladiya and his teacher's son Shashvat Nakrani founded the fintech firm BharatPe in 2017 and Ashneer Grover joined the startup in 2018 as CEO

EnKash gets RBI's in-principle nod to operate as online payment aggregator

On Tuesday, Hitachi Payment Services and BharatPe also received in-principle authorisation to operate as payment aggregators

Hitachi Payment, BharatPe get RBI nod to operate as payment aggregators

In-principle approval takes firms closer to offering to digital financial services to clients

BharatPe gets in-principle nod from RBI for online payment aggregator

The company is one of the leaders in the UPI offline transactions, processing more than 18 crore UPI transactions per month (annualised transaction processed value of over $24 billion in payments)

Tell your client to maintain decorum: HC tells Ashneer Grover's counsel

Delhi High Court was hearing a suit filed by BharatPe seeking, among other reliefs, orders to restrain Grover from making defamatory statements against the company

Suhail Sameer to start VC fund with two former co-founders: Report

On Tuesday, BharatPe announced that Sameer was stepping away from his post and will serve as the Strategic Advisor effective January 7

Suhail Sameer steps down as Bharatpe CEO; Nalin Negi to be interim leader

Fintech has sued a former co-founder, has seen exit of other senior executives over the months

Ashneer exhibited 'unruly, threatening behaviour' in AGM: BharatPe

BharatPe said its former co-founder and MD Ashneer Grover exhibited "unruly, intimidating and threatening behaviour" towards the authorised representatives and employees of the company

Suhail Sameer steps down as BharatPe's CEO, will be new Strategic Advisor

Sameer has been overseeing the company after it ousted Ashneer Grover for financial misappropriation

BharatPe CEO called co-founders over drinks to poison against me: Ashneer

Grover wrote that taking advantage of the fact that "I do not indulge in alcohol, he would call Bhavik and Shashvat for drinking sessions and poison them against me

Rajnish Kumar showed signs to make money out of BharatPe: Ashneer Grover

BharatPe Chairman Rajnish Kumar showed early signs of "wanting control" and to "make money out of BharatPe", the fintech platform's former Co-founder and managing director Ashneer Grover has claimed

Ashneer hits out at BharatPe Chairman, says hiring him 'biggest mistake'

After attacking BharatPe CEO Suhail Sameer, the company's former co-founder and MD Ashneer Grover hit out at Rajnish Kumar, Chairman of board of directors, saying hiring him was his 'biggest mistake'

BharatPe CEO enjoying life with money I raised, fails to grow: Ashneer

Despite Delhi High Court's, Ashneer Grover took a serious dig at Suhail Sameer, saying the BharatPe CEO is unable to help the fintech firm grow

Don't go by western concept of arm's length: Ashneer tells startup founders

BharatPe's former MD Ashneer Grover, who was recently slapped with a civil suit and criminal charges for cheating and siphoning off funds from the company he co-founded, has advised startup founders not to go by Western concept of arm's length and related party transactions. In his new book 'Doglapan', Grover says there is nothing wrong in giving spouses a board position as they invest in founders' success and will be a victim of their failure, like no one else. "Just because your business has capital coming in from the US, you do not have to go by their concept of management - of not involving family in business," he writes. "To my mind, the concept of a related party transaction in India is totally irrelevant." BharatPe, a fintech unicorn, has in recent days taken three legal actions against Grover - filed a civil suit in the Delhi High Court, a criminal complaint with the Economic Offences Wing and filed an arbitration for clawing back his restricted shareholding and founder tit

BharatPe filed cases as my book 'Doglapan' created panic: Ashneer Grover

Former BharatPe Co-founder and MD Ashneer Grover claimed that his book "Doglapan" created panic among BharatPe executives and this is the reason the fintech company filed several cases against him