HomeNewsBusinessAshneer Grover says will 'rejuvenate and refresh' himself, return to BharatPe in April

Ashneer Grover says will 'rejuvenate and refresh' himself, return to BharatPe in April

Ashneer Grover, co-founder and managing director of the $3 billion valued fintech BharatPe said he has taken a voluntary leave of absence till March end amid growing scrutiny and pressure regarding his abusive language to a Kotak employee, toxic culture at BharatPe, and abrasive behaviour on the show Shark Tank.

January 19, 2022 / 18:49 IST
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Ashneer Grover, co-founder and managing director, BharatPe
Ashneer Grover, co-founder and managing director, BharatPe

Ashneer Grover will return to BharatPe's day-to-day operations in April after rejuvenating and refreshing himself, he said soon after the board announced he was taking leave of absence amid growing scrutiny and pressure regarding his abusive language to a Kotak employee.

"I will return on or before 1st April 2022. I’ll be utilising this period to rejuvenate and refresh myself for our next sprint of value creation. I expect to spend the time thinking more deeply about our next phase of product development, and BharatPe’s path to profitability and IPO. I will also double down on investing in myself personally," he said on the microblogging site.

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"I am a builder and I know my energy is best spent creating value for the millions of Indians we serve each day," he added.

Grover’s fortunes have rapidly unravelled in the last two weeks, from being recognised as the founder of one of India’s hottest startups, one which became worth $3 billion in 3 years, to being squarely blamed on social media and by fellow investors and founders for all that is wrong with the Indian startup ecosystem- harsh treatment of people, large funding rounds for unsustainable businesses and a punishing win-at-all-costs culture.