'After the stupendous success of Doglapan - The Book, I am now creating: Doglapan - The Board (err bored) Game. A game of corporate ‘Ranjish’!' Ashneer Grover wrote.
Ashneer Grover alleged that it couldn't be a coincidence that the EOW filed an FIR against him at 6 PM yesterday, a couple of hours after a judge reserved his order on another case.
Grover, who is battling multiple legal proceedings brought on by BharatPe, had raised concerns over Rs 315 crore of ESOPs being granted to BharatPe’s top brass in FY22
The company does not have a new CEO yet after the stepping down of Suhail Sameer earlier this month
Ashneer Grover had an unceremonious exit from the company last year and BharatPe filed a civil suit against him and his wife Madhuri Jain, and other family members for alleged misappropriation of funds.
According to Ashneer Grover’s letter, the AGM was rushed, and questions about the company's financial dealings were not answered. BharatPe rebuts saying 'these are retaliatory and diversionary tactics' in response to lawsuit
Suhail Sameer will set up a venture capital fund with two friends and invest in consumer brands, consumer tech, and fintech startups.
The company’s Board of Directors has retained a leading executive search firm to assist with succession planning and the critical CEO search
The company said in a statement that the four executives are moving on to pursue their entrepreneurial plans
The company added that former Union Bank of India Chairman Kewal Handa stepped down from the board to align with the startup's plans to ensure that the board comprises one-third of Independent Directors.
The exit of founding member Satyam Nathani comes days after chief revenue officer Nishit Sharma and head of institutional debt partnerships Chandrima Dhar resigned
"With the launch of the investment platform, we intend to give our merchants a plethora of investment options to choose from," BharatPe CEO Suhail Sameer said.
Handa will focus on strengthening the organisational culture and HR practices in the company to building the startup as an employer of choice, BharatPe has said
"Sir, numbers are much better expressed quantitatively. Could you help me understand them better?" Ashneer Grover commented on CPO Ankur Jain's post.
Total losses for the year including change in fair value of Compulsorily Convertible Preference Shares (CCPS) stood at Rs 2,961 crore.
Ashneer Grover's tweet came hours after BharatPe CEO Suhail Sameer announced: "We closed the year with a bang! Our all time best month, in an all time best quarter. 15-40% growth across all metrics."
New Delhi, Apr 10 Putting behind the controversy around its co-founder Ashneer Grover, fintech startup BharatPe has posted record growth in the fis..
Ashneer Grover, in a letter to the board, said that he and his sister Ashima Grover might pursue a criminal defamation case against BharatPe's board and CEO Suhail Sameer if the latter failed to provide a written apology.
BharatPe vs Ashneer Grover: An employee recently put up a post on LinkedIn about not being paid. He tagged the company's CEO Suhail Sameer and co-founders Ashneer Grover and Shashvat Nakrani, and the barbs began.
BharatPe had stripped Ashneer Grover of all titles and positions after a third-party audit alleged grave governance lapses under him.
After the incident, the startup’s focus has been on changing the organisational culture and retaining employees. Sameer said BharatPe wants to be a torchbearer of corporate governance.
Ashneer Grover, who had to go on leave in January following allegations of using abusive language against Kotak Mahindra Bank staff and of fraudulent practices, had accused Sameer of siding with the investors to remove him from office.
According to reports, Ashneer Grover allegedly sold each pass for at least 750 dirhams (approximately Rs 15,000) and in the process, made several crores, which were allegedly deposited in a Dubai account.
Legal experts who spoke to Moneycontrol said that while Ashneer Grover had a fair chance to get away if financial irregularities are proven, Madhuri Grover may land in trouble given that all the expenses had been authorised by her.
BharatPe CEO Suhail Sameer has requested them to “trust” the board of the company.