🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥

Startup Showcase

Premium Content

Try our Valuation Calculator →

News on Medial

Ashneer Grover tweets in Haryanvi after ex-COO Dhruv Bahl exits BharatPe

Twitter · 1y ago

Ashneer Grover tweets in Haryanvi after ex-COO Dhruv Bahl exits BharatPe

After the departure of BharatPe's former COO Dhruv Dhanraj Bahl, who was recently appointed as the chief business officer for the merchant lending division, the startup's former MD Ashneer Grover posted a tweet in Haryanvi. In the tweet, Ashneer commented, "Tau, you simply can't get the job done." BharatPe has witnessed a series of significant departures in recent times, including the exit of CTO Vijay Aggarwal.

Related News

BharatPe Vs Ashneer Grover: Ex-MD Seeks RBI Probe Into The Fintech Unicorn’s Shareholding

Inc42 · 1y ago

BharatPe Vs Ashneer Grover: Ex-MD Seeks RBI Probe Into The Fintech Unicorn’s Shareholding

Former BharatPe MD and co-founder, Ashneer Grover, has written a letter to the Reserve Bank of India (RBI) requesting an investigation into the shareholding of the fintech unicorn. Grover has accused BharatPe of deliberately "defrauding" the RBI by bringing back Bhavik Koladiya to the company's cap table after securing licences. Grover has demanded that all of BharatPe's licenses be revoked if the company is found guilty, and he also calls for penalties and blacklisting of the venture firms associated with the startup. Additionally, Grover alleges that BharatPe co-founder Shashvat Nakrani transferred shares to Koladiya for free. BharatPe has raised over $650 million in funding from investors such as Peak XV Partners, Ribbit Capital, and Steadview Capital.

Economic Offences Wing registers FIR against BharatPe ex-boss Grover

Livemint

Livemint · 1y ago

Economic Offences Wing registers FIR against BharatPe ex-boss Grover

The Economic Offences Wing (EOW) of Delhi Police has registered a first information report (FIR) against Ashneer Grover, the former managing director of BharatPe, and his family members. The FIR includes charges such as criminal breach of trust, cheating, forgery, and criminal conspiracy. This comes in response to a criminal complaint filed by BharatPe accusing Grover and his family of committing a ₹81.28 crore fraud. BharatPe alleges financial discrepancies, irregularities in recruitment, and hiring of third-party vendors. Grover has been the subject of multiple lawsuits, including one filed by BharatPe seeking damages.

BharatPe Settles With Ashneer Grover, Says Ex-Cofounder Won’t Be Associated With The Firm In Any Capacity

Inc42 · 11m ago

BharatPe Settles With Ashneer Grover, Says Ex-Cofounder Won’t Be Associated With The Firm In Any Capacity

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.

Ashneer Grover urges RBI to probe ex-SBI Chairman Rajnish Kumar, says, 'He was complicit in fraud transactions'

IndianStartupNews

IndianStartupNews · 1y ago

Ashneer Grover urges RBI to probe ex-SBI Chairman Rajnish Kumar, says, 'He was complicit in fraud transactions'

Former BharatPe managing director Ashneer Grover has accused ex-SBI Chairman Rajnish Kumar, currently BharatPe's board chairman, of allocating equity shares worth hundreds of crores to himself. Grover alleges that this is part of a larger issue involving fraudulent transactions and misrepresentations to the Reserve Bank of India (RBI). He has called for an investigation into the matter. BharatPe has dismissed the claims as baseless and is pursuing legal action against Grover. The Ministry of Corporate Affairs and other authorities are already investigating BharatPe.

Ex-COO Dhruv Dhanraj Bahl latest to exit BharatPe

Economic Times

Economic Times · 2y ago

Ex-COO Dhruv Dhanraj Bahl latest to exit BharatPe

Bahl played a crucial role in the restructuring of the organisation post the exit of Grover. He had joined the company in 2020 as the head of operations Before joining BharatPe, he worked across organizations such as Airtel Payments Bank, Paytm Bank and Fortis Healthcare.

Former BharatPe COO’s venture capital firm rolls out maiden fund

VCCircle

VCCircle · 1y ago

Former BharatPe COO’s venture capital firm rolls out maiden fund

Dhruv Dhanraj Bahl, the former COO of BharatPe, has launched a venture capital firm called Eternal Capital. The firm's maiden fund aims to raise INR 120 crore, with an additional greenshoe option. The fund has already received commitments of INR 102 crore from various entrepreneurs, including executives from BharatPe, MakeMyTrip, and PolicyBazaar. Bahl has been investing in startups for the past six years and aims to provide easier access to institutional deals through Eternal Capital. The fund plans to invest in seed and pre-Series A rounds, focusing on sectors such as fintech, SaaS, consumer, clean energy, and sports and gaming.

Nearly 20 Indian startup CEOs quit their posts in 2023 so far

Entrackr

Entrackr · 2y ago

Nearly 20 Indian startup CEOs quit their posts in 2023 so far

Around 20 Indian startup CEOs have left their positions within the first eight months of 2023, a noticeable increase compared to previous years. Fintech and edtech sectors have seen significant CEO exits, driven by factors such as financial wrongdoings and company transitions. Companies like BharatPe and DealShare faced both CEO departures and layoffs. The trend started in 2022 when BharatPe and Zilingo saw top level exits including their former CEO & MD Ashneer Grover and CEO Ankiti Bose.

Ashneer Grover writes to RBI for probe into BharatPe’s shareholding: Report

Business Today

Business Today · 1y ago

Ashneer Grover writes to RBI for probe into BharatPe’s shareholding: Report

Ashneer Grover, former director of BharatPe, has asked the Reserve Bank of India (RBI) to investigate the shareholding of the company. Grover alleges that BharatPe fraudulently brought back Bhavik Koladiya, a convicted fraudster, to the company's cap table after obtaining licenses from the RBI. Grover questions whether BharatPe would have been approved for a stake in Unity Small Finance Bank or allowed to acquire Liquiloans had Koladiya been part of the company's cap table during the license application. BharatPe has filed lawsuits and criminal complaints against Grover and his family.

BharatPe's chief business officer Nishant Jain quits

Money Control

Money Control · 1y ago

BharatPe's chief business officer Nishant Jain quits

BharatPe's Chief Business Officer (CBO), Nishant Jain, has resigned from the fintech firm and assumed the role of Executive Director and CBO (Assisted Business) at Angel One, a discount broking firm. Jain joined BharatPe in May 2020 and played a significant role in expanding the company's merchant base to 10 million within a year. His departure is part of a series of executive exits from BharatPe in recent times, including the Chief Operating Officer, Dhruv Dhanraj Bahl, who left the company last week.

Ashneer Grover seeks reinstatement as BharatPe's MD, approaches NCLT

Money Control

Money Control · 1y ago

Ashneer Grover seeks reinstatement as BharatPe's MD, approaches NCLT

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.

Trackers

Active Indian VC’s

OG Capital Email

With a hands-on approach, OG Capital aims to invest in over 20 promising...

Accel Partners Email

Early and growth-stage investments in disruptive technology companies with...

Early-stage venture capital firm investing in technology startups in India. Focus on...

Access All Trackers

Startup Showcase Winners

June 2025

Helping your parents when you are miles away

The Pit Stop Your Cravings Deserve

The next generation E-commerce platform

Enter Ongoing Startup Showcase

Top Users

Trending News on Medial

Just Months After Promotion, Open ...

Microsoft locks down a building a ...

Gaming Ban Stumps Cricket: Virat ...

Download the medial app to read full posts, comements and news.