Ashneer Grover vs BharatPe: The saga continues
In a media interview, the BharatPe co-founder said he will either run the company or the company must buy him out.
In a new turn of events, Ashneer Grover, Co-founder and Managing Director, demanded that either the board of directors of the fintech giant allow him to run the company, or buy out his stake for Rs 4,000 crore.,
However, BharatPe reiterated that its board of directors followed due process in the best interest of the company,
"We are deeply pained that the integrity of the BharatPe board or individual board members is being questioned time and again through misrepresented facts and baseless allegations," the company said in a press release.
Ashneer's demands come at a time when BharatPe's board of directors has launched an independent audit of the company's internal processes and systems. The investigation — acting on allegations of financial wrongdoings — has reportedly highlighted instances of fraud surrounding the co-founder and his wife, Madhuri Grover.
Last month, Ashneer took a voluntary leave of absence from BharatPe until the end of March after a leaked audio clip surfaced on Twitter where Ashneer and Madhuri were heard allegedly abusing and threatening a Kotak Mahindra Group employee.
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Watch this fireside chat, at YourStory’s Brands of New India Mega Summit, with Dhwani Mehta, CEO and Co-founder to learn more about this innovative startup.
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News & Updates
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“The Indian cloud kitchen ecosystem is thriving and presents numerous opportunities for growth and scale.”