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News on Medial
Ashneer Grover-Led CrickPe Unveils Subscription Plans Ahead Of Asia Cup
Inc42
·
1y ago
Medial
Fantasy cricket platform CrickPe, founded by former BharatPe MD Ashneer Grover, has introduced subscription plans called CrickPe Pro, offering zero platform fees on winnings. Two options are available: a monthly INR 200 pack and an annual INR 1,000 subscription. Subscribers won't face the 10% platform fee on winnings and can "share" their teams to earn an extra 5% on such winnings. CrickPe's move coincides with the biennial Asia Cup cricket tournament and aims to capitalize on the growing viewership. This strategy might help offset revenue loss from the fee waiver and compete against established players like Dream11.
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Ashneer Grover shuts down fantasy cricket app CrickPe
Inshorts
·
5m ago
Medial
Ashneer Grover-led fantasy cricket platform CrickPe has halted operations within a couple of years of its launch. The fantasy platform, which was the first product of Grover startup Third Unicorn, was launched ahead of the start of the Indian Premier League (IPL) in 2023. However, it has stopped rolling out new contests.
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RIP India's real money gaming industry: Ashneer on 28% GST on online gaming
Twitter
·
2y ago
Medial
Ashneer Grover, the creator of the CrickPe fantasy sports app, expressed his dismay on Twitter regarding the newly imposed 28% GST on online gaming. He described the fantasy gaming industry as "murdered" by this development. Grover further explained that if players were required to contribute ₹100 with a ₹72 entry fee (inclusive of 28% GST) and won ₹54 (after deducting platform fees), they would still have to pay 30% TDS on their winnings, making the situation unfavorable.
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WC tickets could've been auctioned, that's what'll happen: Ashneer
Twitter
·
1y ago
Medial
Ashneer Grover said the tickets for the ODI World Cup being sold on BookMyShow could have been auctioned on the app to the highest bidders. "Maximising revenue for BCCI/ICC and BookMyShow and GST for government as well," Grover said. "That is what will happen eventually - the tickets will go to the person who can pay the most," he added.
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Airtel unveils exclusive T20 World Cup offers: Free Disney+ Hotstar and more
Livemint
·
1y ago
Medial
Airtel, a leading telecommunications provider in India, has announced special offers for the T20 World Cup 2024. Users can enjoy a free three-month subscription to Disney+ Hotstar with Airtel's recharge plans. These offers apply to prepaid, postpaid, international roaming, home broadband, and Airtel Digital TV services. Prepaid plans start at ₹499, providing 3GB of daily data for 28 days, along with a Disney+ Hotstar subscription. Postpaid plans offer a one-year subscription to Disney+ Hotstar and access to over 20 OTT platforms on the Airtel Xstream App. Home broadband plans include unlimited Disney+ Hotstar subscriptions. Airtel also offers international roaming packs for fans traveling to the US and Canada.
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Ashneer Grover hits out at former SBI Chairman Rajnish Kumar
Livemint
·
1y ago
Medial
Former BharatPe co-founder and managing director, Ashneer Grover, criticized former SBI Chairman, Rajnish Kumar, accusing him of delivering nothing and hiding behind deflection. Grover referred to the alleged failure of Kumar at SBI, resulting in $8 billion value destruction, and claimed he led BharatPe to a $3 billion write-off. The public dispute between Grover and CapitalMind CEO Deepak Shenoy followed reports of an investigation into Grover for alleged fund diversion.
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Delhi HC dismisses plea against Ashneer Grover on Nakrani share sale
Economic Times
·
1y ago
Medial
The Delhi High Court has dismissed an interim plea by BharatPe co-founder, Shashvat Nakrani, to stop the former managing director, Ashneer Grover, from selling the shares transferred to him by Nakrani. However, the court has ordered Grover to inform Nakrani if and when he plans to sell those shares. This case revolves around Nakrani's attempt to retrieve his shares from Grover, and it is part of a broader legal dispute involving the two co-founders. Grover has also sought a reversal of BharatPe's decision to terminate him and his wife through the National Company Law Tribunal (NCLT).
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Ashneer Grover seeks reinstatement as BharatPe's MD, approaches NCLT
Money Control
·
1y ago
Medial
Ashneer Grover has approached National Company Law Tribunal (NCLT) seeking his reinstatement as the Managing Director of BharatPe. Grover has claimed that he was ousted from BharatPe in an "arbitrary manner in excess exercise of powers in order clawback his restrictive shares illegally". BharatPe had removed Grover from all positions in the company last year for alleged misappropriation of funds.
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'I invested ₹2.95 crore in 11 deals in Shark Tank', says Ashneer; shares list
Twitter
·
2y ago
Medial
Ashneer Grover, the founder of BharatPe, revealed on Twitter that he invested ₹2.95 crores in 11 deals during Shark Tank Season 1. He praised Namita Thapar, the highest deployer in terms of absolute and percentage closure, calling her a great paymaster. Grover also shared a list of his investments with dates.
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BharatPe Settles With Ashneer Grover, Says Ex-Cofounder Won’t Be Associated With The Firm In Any Capacity
Inc42
·
10m ago
Medial
BharatPe has resolved its legal dispute with Ashneer Grover, resulting in him severing ties with the company and relinquishing his shares. The parties involved have mutually agreed to drop the filed lawsuits. Grover officially resigned from his role as managing director and cofounder of BharatPe on February 28, 2022.
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Ashneer Grover, wife urge Delhi HC to quash FIR following settlement with BharatPe
Economic Times
·
10m ago
Medial
- Fintech firm BharatPe and its former co-founder Ashneer Grover have settled their disputes in an alleged Rs 81 crore fraud case. - Grover and his wife, Madhuri Jain Grover, have urged the Delhi High Court to quash the FIR filed against them, citing a settlement agreement. - The court has granted time for the submission of an affidavit in compliance with the settlement agreement and listed the matter for further hearing on October 8. - All disputes between complainant Resilient Innovations Pvt Ltd, BharatPe, and the accused parties have been settled, according to senior advocate Mohit Mathur. - The accused parties seek the quashing of the FIR registered by the Economic Offences Wing of the Delhi Police under multiple provisions of the Indian Penal Code. - BharatPe alleges that Ashneer Grover and his family caused damages through illegitimate payments, inflated transactions, forged invoices, and destruction of evidence.
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