Page 6 - Bharatpe
BharatPe to 'claw back' Ashneer's restricted shares, blocks vendors
BharatPe on Tuesday said it has initiated necessary action against a former founder to claw back his restricted shares following a governance review. In a statement, the firm said it will take all steps to enforce its right under the law. In January 2022, the board of BharatPe initiated the corporate governance review of the company. The company had appointed Alvarez & Marsal (A&M), a global professional services firm notable for its work in turnaround management and performance improvement, Shardul Amarchand Mangaldas & Co (SAM), India's leading law firm, to help the board and management with its governance review and PwC, a leading consulting entity, to determine wilful misconduct and gross negligence by a former founder. "After a detailed review of the above report over the last two months, the board of BharatPe has recommended several decisive measures that are being implemented," the statement said. These include a new code of conduct for senior management and ...
 "BharatPe to 'claw back' Ashneer's restricted shares, blocks vendors")
Ashneer Grover says he'll start his own venture without investors
"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
 "Ashneer Grover says he'll start his own venture without investors")
Fintech unicorn BharatPe names former Reckitt exec Smriti Handa HR boss
Apart from Reckitt, Smriti Handa has also worked with firms like Philips and Airtel in global and local roles
 "Fintech unicorn BharatPe names former Reckitt exec Smriti Handa HR boss")
Will respond strongly to frauds: Sequoia on controversy-hit BharatPe
Sequoia, which is the largest shareholder in BharatPe, in a blog said it won't hesitate to act to protect the interest of shareholders and employees even if it costs it financially
Inflection Point Ventures announces 13 exits with an IRR of 190% in 2021
Bharatpe exit emerges as a multibagger with 80x returns
 "Inflection Point Ventures announces 13 exits with an IRR of 190% in 2021")
Top court refuses to entertain BharatPe's petition against PhonePe
Last October, PhonePe sought Bombay HC injunction to restrain BharatPe from misusing PhonePe's registered trademarks by using and promoting the marks 'PostPe'/'postpe'
 "Top court refuses to entertain BharatPe's petition against PhonePe")
BharatPe posting record growth, has put behind Grover controversy: CEO
BharatPe, which allows shop owners to make digital payments through QR codes, is now in 225 cities (more than 2x growth from last fiscal)
Ashneer Grover writes to Bharatpe, demands action against CEO
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"
 "Ashneer Grover writes to Bharatpe, demands action against CEO")
BharatPe's Ashneer threatens legal action over comment against sister
In a letter written to BharatPe Board, Ashneer said that Sameer should be "immediately served a show-cause notice for his despicable public behaviour and immediately put on leave of absence
Bharatpe CEO apologises for salary remark; firm says March salary paid
A Bharatpe employee in a Linkedin post had raised the matter of termination of administrative staff and non-payment of salaries, which attracted responses from Grover and CEO Sameer
 "Bharatpe CEO apologises for salary remark; firm says March salary paid")
BharatPe FY22 revenue grew four-fold to $100 mn, monthly cash burn at $4 mn
The fintech unicorn said its annualised TPV has grown 2.5x over the year-ago period to $16 billion at the end of the March quarter
BharatPe CEO Suhail Sameer and Ashneer Grover in war of words on LinkedIn
The two trade charges after staffer's allegation abpit unpaid dues
Ashneer Grover hits out at BharatPe board members for 'snatching keys'
Former Co-founder and managing director of BharatPe, Ashneer Grover, on Thursday once again hit at the board members of the fintech company
I did what is right for company: BharatPe CEO Suhail Sameer
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
Board is charting out glide path for listing of BharatPe: Rajnish Kumar
The company's transition from an individuals-driven private firm to a board-driven listed public one will be carried out in a well-thought-through and well-executed manner, said the BharatPe chairman
 "Board is charting out glide path for listing of BharatPe: Rajnish Kumar")
BharatPe enters gold loan segment; eyes disbursals of Rs 500 cr this year
For launching gold loans, BharatPe has partnered with a few NBFCs, and will be offering loans of up to Rs 20 lakh against gold pledge
BharatPe ready for preliminary govt probe, to comply with law, say sources
BharatPe has already conducted a thorough internal governance review via Alvarez and Marsal, a leading management consultant and risk advisory firm
The unravelling of Ashneer Grover: How a startup king lost his lustre
Showdown between co-founder of BharatPe and his colleagues comes at the height of a boom for India's startup scene.
With culture at stake in unicorn land, spotlight on founder-VC equation
The BharatPe saga raises questions about the impact of outsized investor shareholding in young enterprises
 "With culture at stake in unicorn land, spotlight on founder-VC equation")
MCA looking at BharatPe Board's conduct in Ashneer Grover controversy
Grover last week resigned as company's managing director and director, says he will cooperate with ministry.
 "MCA looking at BharatPe Board's conduct in Ashneer Grover controversy")
