BharatPe CEO quits: The company said Sameer's new role will ensure a smooth transition for the current CFO, Nalin Negi, who has been appointed interim CEO to partner with senior executives to enhance execution in all phases of the business.
BharatPe, which allows shop owners to make digital payments through QR codes, is now in 225 cities and has over 8 mn merchants onboard.
Shark Tank India's Ashneer Grover is embroiled in a controversy at BharatPe. He and his wife Madhuri Jain Grover are alleged to have diverted the company's funds for their 'lavish lifestyle'. Both of them have been sacked by the company.
In an emotionally-charged letter addressed to the Board of Directors, Ashneer on Tuesday said that while they will not find a single act of impropriety against him, "I will not be participating in your charade".
Ashneer Grover rose to fame with his appearance in Shark Tank India and was known for his one liners like-- "Yeh sab doglapan hai," and "Bhai kya kar raha hai tu?" As soon as the news of his resignation from BharatPe came, Twitter got filled with reactions and memes surrounding the show.
In an emotionally-charged letter addressed to the Board of Directors, Ashneer said that while they will not find a single act of impropriety against him, "I will not be participating in your charade".
Ashneer Grover, who last month went on a two-month leave of absence following allegations of using abusive language against Kotak Mahindra Bank staff and fraudulent practices, had filed an arbitration plea with the Singapore International Arbitration Centre (SIAC) claiming the company's investigation against him was illegal.
Stock options vested with Madhuri Jain have also been canceled, they said adding the alleged financial irregularities have been detailed in the termination letter.
Grover, who was sent on a three-month leave following allegations of using abusive language against Kotak Mahindra Bank staff and fraudulent practices, has denied all allegations.
Ashneer Grover's inimitable style on the business reality show Shark Tank India has made him a popular meme material for the internet. We look at the beginning of the BharatPe co-founder and track his journey to national fame.
Facing a controversy over its Co-founder and Managing Director Ashneer Grover, fintech platform BharatPe on Saturday said it has not terminated the services of any employee (including Grover) at this stage.
BharatPe Jobs, BharatPe BMW Bikes, BharatPe Job Openings: BharatPe is offering BMW bikes, Royal Enfield Himalayan, KTM Duke, Apple products to new joinees.
In January, BharatPe had raised Rs 200 crore from three top debt companies in the country -- Alteria Capital, InnoVen Capital and Trifecta Capital, having later raised additional capital from ICICI Bank and Axis Bank
The RBI on Friday gave an in-principle approval to Centrum Financial Services Ltd (Centrum), the established NBFC arm of the Centrum Group, to establish a SFB. Resilient Innovations Private Ltd (BharatPe), a fintech major, will be an equal partner, said a joint statement by both the companies.
Payback India - launched in 2010 - is a multi-brand loyalty programme with over 100 million members in the country. It has a network of more than 100 offline and online partners and allows its customers to earn and redeem points on every transaction at its partner merchant outlets.
BharatPe on Tuesday said that it has become the third-largest player in the merchant UPI payment acceptance space.
BharatPe, India's largest merchant payments company, today announced that it has recorded the fastest ever scale up on POS in the industry. BharatPe’s POS business has grown to $2 billion annualized transaction value in just 3 months post the launch.
India’s largest merchant payment company, BharatPe on Thursday has announced aggressive expansion plans across tier-1, 2 and 3 cities in the country.
One of India's leading fintech company dealing in UPI payments and digital money lending for merchants, BharatPe CEO & Co-founder Ashneer Grover in an exclusive conversation with India TV spoke on a range of issues. From describing his journey so far with BharatPe, the motivation for featuring into the e-payments to discussing about future plans, Ashneer Grover shares it all.
BharatPe, a merchant payment company, today announced the appointment of Kewal Handa as an Independent Director. Formerly associated with Union Bank of India and Pfizer, Mr Handa will be joining the Founders – Ashneer and Shashvat, Jitendra Gupta (ex PayU) and Micky Malka (Ribbit) on the Board of BharatPe.
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