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BharatPe

Ashneer Grover, wife urge Delhi HC to quash FIR following settlement with BharatPe

The parties urged Justice Chandra Dhari Singh to quash the FIR lodged against Grover and his family in light of the September 30 settlement agreement.

Ashneer Grover, BharatPe settle disputes; cut all ties

Fintech startup BharatPe and cofounder Ashneer Grover have resolved their ongoing dispute. As part of the settlement, Grover will no longer be associated with BharatPe in any capacity, and his shares will be transferred to a family trust. Both parties have agreed to drop all legal cases against each other.

Ashneer Grover calls meeting a dosa vendor his 'biggest achievement' while trying to raise funds from Anupam Mittal

In a candid interview, Ashneer Grover shared his frustration with Anupam Mittal, revealing that despite seeking funding for his business, Mittal never offered financial support. Instead, Grover described how Mittal often provided advice, but no money, leaving him feeling disappointed. Grover also recounted waiting under Mittal's office for a chance to pitch his idea, but ultimately, he found no backing.

Hurun Self-Made Entrepreneurs: Youngest founder is 21-year-old Zepto founder, check full list here

Hurun India unveiled its 2024 list of top self-made entrepreneurs. Radhakishan Damani secured the top spot. Deepinder Goyal's Zomato ranked second. Several non-unicorn companies featured in the top ten. Young entrepreneurs like Zepto's founders and BharatPe's Shashvat Nakrani also made the list. Three leading companies are based in Mumbai, Bengaluru, and Gurugram.

BharatPe fraud case: Delhi HC quashes lookout circular against Ashneer Grover, wife

The Delhi High Court has ordered the cancellation of a lookout circular (LOC) against former BharatPe MD Ashneer Grover and his wife, Madhuri Jain Grover. The order comes after a separate bench quashed the FIR against the couple, which alleged cheating and forgery.

Delhi HC appoints arbitrator to decide on BharatPe-Ashneer Grover dispute

While Grover sought arbitration at the Singapore International Arbitration Centre, where a dispute regarding the shareholders agreement was already going on, BharatPe opposed SIAC arbitration on the grounds that the employment agreement specified arbitration at the Delhi International Arbitration Centre (DIAC).

BharatPe renames 12% Club app as Invest BharatPe; enters larger wealth management play

The Peak XV Partners-backed fintech has rolled digital gold as its first investment product. Going forward, it plans to offer fixed deposits in partnership with banks and others, and small-ticket investment products, before moving on to trading and other related products like mutual funds.

India Inc's GCC play; BharatPe, Licious financials

Indian businesses are expanding their technology capabilities through global capability centres, paralleling international firms operating in India. This and more in today’s ETtech Top 5.

More & more corporates skip courts to bury the hatchet...

Parties in India Inc are increasingly choosing to settle disputes swiftly and discreetly, avoiding long, expensive courtroom battles. The trend is driven by the need to save time and resources, as seen in high-profile cases like BharatPe, Zee Entertainment, and Murugappa family disputes.

Ashneer Grover withdraws oppression and mismanagement plea against BharatPe management

The withdrawal of the plea from the NCLT's Delhi bench came after Grover reached a settlement with the company on September 30, 2024. Besides, on October 17, Grover also withdrew a plea from the National Company Law Appellate Tribunal (NCLAT), where he had sought an early hearing of the case in NCLT.

P2P startups look to overhaul biz, processes amidst RBI crackdown

Peer-to-peer lending startups are still coming to terms with the latest observations on the sector released by the RBI on August 16. At the same time, they are also dealing with regulatory action against violations. Many P2P platforms are working on restricting withdrawals and also overhauling their entire product journey to abide by stringent RBI rules on the sector.

Lendingkart’s cash crisis; Zodius exits OfBusiness

Happy Thursday! Cash-strapped Lendingkart is staring at a massive valuation cut. This and more in today’s ETtech Morning Dispatch.

BharatPe posts 39% rise in FY24 operating revenue, loss before taxes narrows 50%

At the group level, its consolidated ebitda (earnings before interest, tax, depreciation and amortisation) loss before share-based payment expense reduced 75% to Rs 209 crore in FY24 from Rs 826 crore in the last fiscal.

BharatPe fraud case: EOW arrests Ashneer Grover's family member

Delhi Police Economic Offences Wing has arrested Deepak Gupta, brother-in-law of BharatPe co-founder Ashneer Grover, in connection with an alleged Rs 81-crore fraud case. Gupta's arrest follows the earlier detention of Amit Kumar Bansal. The FIR names Grover, his wife Madhuri Jain, and other family members for misappropriating funds through various illegitimate means.

Fintech firm BharatPe elevates interim CEO Nalin Negi as chief executive

Nalin Negi appointed CEO of BharatPe, focusing on empowering MSMEs. With experience in SBI Card and GE Capital, Negi aims for growth after Suhail Sameer's exit. Board chairman expresses confidence in Negi's leadership.

Andrew Ng’s fund invests in AI healthcare platform Jivi

AI Fund, a venture studio led by Andrew Ng, has invested in Jivi, an AI healthcare platform. The investment will help Jivi develop AI products like a health assistant for consumers and a copilot for doctors. The platform is currently in beta testing and is expected to be available for public use later this year.

BharatPe rejigs senior management

BharatPe restructured senior management, appointing Sandeep Indurkar as CEO of payment vertical for Resilient Payments Pvt Ltd. Rijish Raghavan now handles device business, and Kohinoor Biswas leads Zillion, achieving operational profit in October 2023.

Subsidy plan for EV charging stations; clean up those startup corners

The government plans to subsidise charging stations for electric two- and three-wheelers. This and more in today’s ETtech Top 5.

Clean up those startup corners

BharatPe’s Grover and edtech startup Byju’s have been the two most high-profile instances where solo aggressive founders have been engaged in protracted litigation fighting shareholders, lenders and law enforcement agencies even as their startups have floundered.

Not just kiss & make up, but also tell

The legal dispute resolution between BharatPe and its co-founder Ashneer Grover aims to facilitate future business growth, but ongoing investigations into fraud allegations emphasize the need for corporate transparency and robust internal controls. Investors require clarity on governance to foster trust and avoid premature settlement closures.

Swiggy’s valuation markup; Ola Electric loses market share

US investor Invesco has hiked the fair value of IPO-bound Swiggy while trimming that of Pine Labs.

BharatPe vs Ashneer Grover settlement: making sense of the legal battle between the two parties

BharatPe has been under intense investor and shareholder scrutiny ever since Grover, in January 2022, sought damages from Kotak Mahindra Bank managing director Uday Kotak, alleging that the lender refused him financing for a personal investment in omnichannel beauty retailer Nykaa’s initial public offering in November 2021.

End of BharatPe vs Ashneer Grover saga; Cred’s FY24 report

Fintech major BharatPe has settled legal disputes with cofounder Ashneer Grover. Details on this and more in today’s ETtech Top 5.

BharatPe, Ashneer Grover end long-drawn courtroom battle: the story so far

Part of the shares held by Ashneer Grover will be transferred to the Resilient Growth Trust for the benefit of the company and remaining shares will be managed by his family trust. Confirming the development, Grover said in a statement, “I will no longer be associated with BharatPe in any capacity, nor be part of the capital table. My remaining shares will be managed by my Family Trust. Both parties have decided not to pursue the cases filed. I hope BharatPe continues to grow and succeed for the benefit of all its stakeholders.”

BharatPe taps into consumer payments segment with launch of UPI offering

With this, there are now two apps available in the public domain: BharatPe (earlier postpe), and BharatPe for Business.

ET Startup Awards 2024: Founders, investors hail 'best congregation'

The Economic Times Startup Awards event in Bengaluru hosted a lively exchange between startup innovators and policymakers on Saturday. Here's what the attendees said.

BharatPe to offer secured loans to merchant partners; announces partnership with OTO Capital and Volt Money

The company has launched facilitation of two-wheeler loans and Loans Against Mutual Funds (LAMF) for its existing merchant partners in the first phase.

BharatPe logs nearly three-fold revenue growth in FY23, trims losses

BharatPe, in a release, said its financial performance for the fiscal year 2023, showcased substantial growth and strategic advancements across key business segments.

BharatPe hires Rohan Khara as chief product officer

BharatPe Group appoints Rohan Khara as chief product officer. Khara will lead product development and innovation, design merchant and consumer products, and head user research teams. He was previously managing director at FairMoney India. Khara has experience building financial services products across fintech startups in India, Indonesia, and Nigeria.

BharatPe to raise Rs 500 crore debt over the next year; makes new board appointments

The fintech company needs to raise both equity and debt to expand its credit business.

Whenever we see a line being breached, we will go back to court: BharatPe’s stand-in CEO Nalin Negi

Negi’s comments come at a time when BharatPe’s parent, Resilient Innovations, has filed a fresh case in the Delhi High Court seeking an injunction against Grover to prevent him from divulging “confidential information” related to the company.

RBI approves extension of Unity Small Finance Bank MD

The Reserve Bank of India has approved the re-appointment of Inderjit Camotra as managing director and chief executive officer of Unity Small Finance Bank for another two years. Unity Small Finance Bank was promoted by Centrum Financial Services with fintech company Resilient Innovations, which does business as BharatPe, as a joint investor.

Average unicorn time for startups down to 5.5 years: Report

India ranks third on the list of most unicorns birthed by a country, but only two companies hit the $1-billion-plus valuation last year. The new economy of startups had contributed 15 public listings so far, the report added.

BharatPe vs Ashneer Grover saga: The story so far…

Earlier this week, Economic Offences Wing (EOW) of the Delhi Police, in a status report to the Delhi High Court, said there were discrepancies in vendor invoices putting the focus back on the long-drawn saga between the Grovers and BharatPe, which started in January 2022, with both sides fighting a bitter and public battle in court.

BharatPe CPO Ankur Jain quits as senior exodus continues

Over the last year, BharatPe has seen a top-level exodus in senior management with Nehul Malhotra, head of buy-now-pay-later product, PostPe; Vijay Aggarwal, chief technology officer; Rajat Jain, chief product officer for lending and consumer products, and Geetanshu Singla, vice president, technology, resigning from the startup.

BharatPe files fresh case against Ashneer Grover for divulging confidential information

Last week, Grover had posted on social media platform X (formerly Twitter) about the equity allocation and secondary components undertaken during the company’s Series E funding round which was led by Tiger Global and saw participation from Dragoneer Investor group among others.

PhonePe, BharatPe settle legal dispute over 'Pe'

The legal battle began in 2018 when PhonePe issued a legal notice to BharatPe, asking the latter to stop using 'Pe' in Devanagari script in their brand name.

Why Ashneer Grover thinks lengthy hiring processes are a waste of time

Ashneer Grover, founder of BharatPe and Third Unicorn, criticizes lengthy hiring processes, advocating for a "hire fast, fire fast" approach. Speaking on the 'Limitless with Ishan Sharma' podcast, Grover emphasized that traditional recruitment methods waste valuable time and resources. He suggests faster hiring and quicker performance assessments to optimize recruitment efficiency. Industry peers like Asish Mohapatra support this view, highlighting the benefits of molding fresh talent and fostering a collaborative work environment.

BharatPe probe finds invoice discrepancies, vendor linkages to Grover’s family members

The bank accounts of at least eight human resource (HR) consultancy firms involved with BharatPe for recruitment services have been found linked to relatives of former head of controls, Madhuri Jain, with some of these firms established to siphon funds from the fintech unicorn.

'Picture abhi baaki hai': Anupam Mittal reacts to 2024 Lok Sabha election results

Anupam Mittal and Ashneer Grover share their thoughts on the 2024 Lok Sabha election results, highlighting the public's political wisdom. The NDA's decisive victory, with 293 seats, including 240 by the BJP, underscores a clear mandate. Mittal emphasizes the importance of internal party dynamics, while Grover praises the public's ability to choose MPs effectively.

Ashneer Grover reflects on 2024 Lok Sabha election results during Statue of Liberty visit: 'India mein parliamentary democracy hai'

BharatPe co-founder Ashneer Grover, while visiting the Statue of Liberty in New York, shared his thoughts on the 2024 Lok Sabha election results. In a post on X (formerly Twitter), Grover praised Indian voters for demonstrating their intelligence and the strength of parliamentary democracy. He emphasized the importance of selecting better MP candidates at the constituency level. Grover's post received mixed reactions from social media users.

BharatPe launches all-in-one payment device BharatPe One

Indian fintech firm BharatPe has launched BharatPe One, an all-in-one payment product that integrates a point of sale (POS), QR code, and speaker into one device. The product will be launched in 100 cities in the first phase and 450 cities over the next six months. BharatPe One offers versatile payment options, including QR code, tap-and-pay, and traditional card payment.

NCLT tells Ashneer Grover to establish maintainability of plea against BharatPe

On Wednesday, the tribunal heard arguments on the quantum of stake Ashneer Grover, who is also the founder of BharatPe, holds in the company.

Ecommerce in slow lane; PhonePe-BharatPe truce

Happy Monday! Online sales haven’t picked up during the final quarter of FY24, industry officials said. This and more in today’s ETtech Morning Dispatch.

BharatPe, PhonePe settle long-standing trademark dispute

BharatPe and PhonePe settle long-standing legal disputes over trademark 'Pe' suffix.

₹80 cr security must for BharatPe co-founder Ashneer Grover and wife Madhuri Jain's US Visit

The couple will also have to submit all the details of their stay, hotels, travel, and phone numbers with the court and the investigative agencies. Besides, the HC also restrained them from creating third party rights on the shares of BharatPe held by them. The court said that one of the parties would stay in India as a "mortgage" while the other travels.

P2P companies log revenue jump, thanks to business partnerships

After years of slow growth and a fledgling business model, some P2P platforms have shown a strong uptick in business volumes mainly through their affiliate programmes, but will regulatory action make this short lived?

VCs double check corporate governance as lapses rise

Multiple top-tier founders and investors said investors are bringing in stricter terms in shareholding agreements as well as term sheets and that's delaying the overall timeline for investments to close by several months in a number of instances.

Ashneer Grover accused of hypocrisy after demanding roast video removal: Netizens calls him 'Rakhi Sawant of startup world'

Ashneer Grover, renowned for his blunt critiques on Shark Tank India, faced backlash after comedian Aashish Solanki revealed that episode 5 of his 'Pretty Good Roast Show' was removed from YouTube following Grover’s demand. Solanki's roast humorously addressed Grover’s removal from BharatPe, which didn’t sit well with Grover, leading him to request the segment's removal. Social media erupted with criticism, accusing Grover of hypocrisy and inability to handle jokes.

I’m not a flight risk, will cooperate with EOW: Ashneer Grover after being stopped at Delhi airport

“I had not received any communication or summon from EOW since FIR in May till 8 AM today 17 morning (7 hours after returning from airport),” Grover posted on X (formerly Twitter)

Don’t make third-party rights on shares transferred by Bhavik Koladiya, HC tells Ashneer Grover

Koladiya had moved the HC claiming that he had transferred these shares to Grover, but the latter did not pay him. Last year, the court noted Grover’s statement that he “will not create any third-party interest in the suit shares and in any rights that accrue to him as a consequence thereof”.

BharatPe appoints Kohinoor Biswas as head of its consumer lending business PostPe

This is the third major change at the top for the New Delhi-based fintech after its cofounders Ashneer Grover and Bhavik Koladiya left the company.

ETtech Exclusive: Medtech firm Medikabazaar rejigs top deck; PwC audit spots issues

Medikabazaar undergoes management reshuffle with CEO stepping down amid financial discrepancies. Investors demand audits and CEO transitions become a trend in B2B startups. Scrutiny reveals wrong accounting practices in the industry.

BharatPe makes former Razorpay executive Pankaj Goel its new CTO

Prior to joining BharatPe, Goel was the head of payments engineering at payments infrastructure provider Razorpay.

For many fintechs, NBFC tag may be elusive

An NBFC licence would allow fintechs to offer loans from their own books, thereby build an asset base. Without this licence, they remain confined as marketplaces to source loans for banks and other NBFCs.

Former BharatPe COO Dhruv Bahl launches venture fund

Former BharatPe COO Dhruv Dhanraj Bahl launches venture capital fund, Eternal Capital. The fund plans to raise Rs 120 cr with a greenshoe option for a similar amount

Ashneer Grover says he has removed all defamatory social media posts against BharatPe

In addition to informing the court that Grover’s posts have been removed, the BharatPe cofounder's counsel said his client would abide by the court’s previous directive.

HC asks Ashneer Grover not to create third party rights in shares transferred by BharatPe cofounder

Delhi High Court restrains Ashneer Grover from transferring shares to prevent irreparable loss to Bhavik Koladiya. The legal battle involves claims over shares transferred before BharatPe's incorporation, highlighting Grover's resignation in March 2022.

P2P lenders like BharatPe, LenDenClub rework products, business to follow RBI diktat

India's P2P lending startups, including BharatPe, Cred, and LenDenClub, adjust products amid regulatory scrutiny. Lendbox introduces Per Annum, aiming for an OBPP license. Liquiloans expands offline. Bhuvan Rustagi seeks stable returns. RBI targets asset liability mismatch. Cred Mint’s minimum investment is Rs 2 lakh. LenDenClub’s assets under management dropped to Rs 908 crore since March 2023.

Flipkart eyes quick-commerce entry; No point Googling ‘swadeshi’

Flipkart has been working to cut down the timeline of its deliveries across categories for some time now. The firm rolled out same-day delivery of products across several categories at no extra cost from February.

BharatPe acquires 51% stake in Mumbai-based NBFC Trillion Loans

BharatPe Group has acquired a controlling stake in Mumbai-based NBFC Trillion Loans, a provider of secured and unsecured loans to SMEs along with offering small business and working capital loans, auto, gold, and education loans to consumers. Trillion Loans will operate as an independent entity and seek partnerships with other fintechs. The acquisition deal will see BharatPe's advisor, CFO and head of the banking vertical on Trillion Loans' board. The deal is aimed at facilitating access to capital to underserved and unbanked businesses and customers, said Shashvat Nakrani, founder and COO, BharatPe.

Nalin Negi is new BharatPe CEO; Namma Yatri’s cabs play

Fintech firm BharatPe has elevated its interim CEO Nalin Negi as the company’s full-time chief executive officer. This and more in today's ETtech Top 5.

EOW files FIR against BharatPe's cofounder Ashneer Grover & family for alleged ₹81 cr fintech fraud

Delhi Police's Economic Offences Wing (EOW) filed an FIR against Ashneer Grover, his wife Madhuri Jain Grover, and family members Deepak Gupta, Suresh Jain, and Shwetank Jain for an alleged ₹81 crore fraud in December 2022. The alleged fraud was complained about by BharatPe.EOW files FIR against BharatPe's cofounder Ashneer Grover & family for alleged ₹81 cr fintech fraud

EOW files FIR against BharatPe cofounder Ashneer Grover and his family

The family members named in the FIR include Grover’s wife Madhuri Jain Grover, as well as Deepak Gupta, Suresh Jain and Shwetank Jain.

BharatPe acquires 51% in NBFC Trillion Loans to bolster lending play

BharatPe’s investment in an NBFC comes at a time when several fintechs are looking at bolstering their presence in the segment.

Delhi HC refuses to stay probe against former BharatPe executives Ashneer Grover, Madhuri Jain

The Grovers are being probed in connection with a complaint filed by BharatPe with the Economic Offences Wing of the Delhi Police, which had registered a first information report against the couple and their family members.

BharatPe Group appoints Aparna Kuppuswamy as its chief risk officer

Kuppuswamy will be leading the risk portfolio across the BharatPe group of companies, including the merchant and consumer businesses

BharatPe gets fresh notice from MCA

BharatPe confirmed receipt of the notice and in a reply to ET’s questions, said it is related to an inquiry that started in 2022. The Registrar or Companies, an arm of the ministry, has sought additional information in a letter to the company, a spokesperson said.

BharatPe vs Ashneer Grover case: Delhi HC gives more time to parties to file responses

The digital payments firm has sought Rs 88 crore in damages from cofounder and former managing director Ashneer Grover, his wife and some of their family members for alleged misappropriation of funds and causing reputational harm to the company.

BharatPe case

Ashneer Grover’s Third Unicorn to enter fantasy sports with CrickPe

CrickPe will allow players to participate in different contests by either creating private groups or playing with real cricketers to win cash rewards.

BharatPe's FY22 losses swell after change in fair value of compulsory convertible preference shares

Dude, take a break...: Ashneer Grover to Zerodha CEO Nithin Kamat who suffered a stroke

Zerodha Co-Founder Nithin Kamath suffered a mild stroke after his father's passing. He attributes it to poor sleep, exhaustion, dehydration, and overworking out. Kamath expects a full recovery in 3-6 months. He co-founded Zerodha and is a member of the National Start-up Advisory Council (NASC).

BharatPe cofounder Ashneer Grover unveils new startup The Third Unicorn, asks VCs to stay out

In his post, Ashneer Grover also highlighted an overarching framework of his upcoming venture. Taking a dig at the venture capital community, he said he only believes in “desi” (homegrown) or “self-earned” capital.

BharatPe’s FY22 revenue jumps 169%; loss widens to Rs 5,594 crore

The New delhi-based company said the expansion of losses is on account of change in the fair value of its compulsory convertible preference shares worth Rs 4,782 crore.

BharatPe paid Rs 1.69 crore salary to Ashneer Grover in FY22, Rs 63 lakh to his wife

Fintech platform BharatPe paid a salary of Rs 1.69 crore to its Co-founder and managing director Ashneer Grover in FY22, while his wife Madhuri Jain Grover who was former head of controls at the company took home Rs 63 lakhs.

BharatPe appoints CFO Nalin Negi interim CEO as Suhail Sameer steps down

Suhail Sameer’s exit comes at a time when the New-Delhi-based fintech is struggling to cope with an exodus at the leadership level.

RBI grants payment aggregator licences to Razorpay, Cashfree, others; FirstCry’s IPO details

While the payment aggregator licence was thought to be routine initially, for the likes of Razorpay and Cashfree, it makes a big impact as they step out of the ban on bringing in new customers.

BharatPe makes three new hires for security, audit and governance functions

The company announced the appointment of Ambuj Bhalla as its chief information security officer (CISO), Rahul Bhatia as head of internal audit, and Ravinder Oberoi as head of compliance.

BharatPe cofounder Ashneer Grover summoned by Delhi HC in unpaid shares dispute

During the hearing on Friday, Nakrani’s counsel sought an interim order from the bench of Justice Sachin Datta, referring to the similar case filed by Koladiya where the court had issued an interim order restricting Grover from creating any third-party rights on the shares.

Ashneer Grover's new startup CrickPe is a fantasy sports app that will also reward cricketers

BharatPe cofounder Ashneer Grover has announced a new app, CrickPe, a fantasy sports app, under his new venture Third Unicorn Pvt Ltd. This comes just ahead of the Indian Premier League, which is scheduled to begin on March 31. With the launch of CrickPe, Grover has entered the fantasy sports arena, which is dominated by the likes of Dream11, My11Circle, Mobile Premier League (MPL), and others.

BharatPe founder Ashneer Grover launches fantasy sports app Crickpe

Through Crickpe, which is a real-money gaming app, users of over 18 years of age will be able to create a virtual team of cricket players, and enter paid contests to earn cash prizes based on the players’ performance in real games. Users will also be able to participate in contests to win rewards.

BharatPe cofounder Shashvat Nakrani sues Ashneer Grover over unpaid shares

The latest case against Grover comes after BharatPe’s original cofounder Bhavik Koladiya had also sued the former in January this year, to reclaim his shares in Resilient Innovations, the parent entity which runs BharatPe.

HC rejects BharatPe cofounder Nakrani’s interim plea to stop Grover from selling shares

The court asked Grover, who is also a cofounder, to intimate Nakrani if and when he planned to sell those shares. The rejection of the interim plea is part of a broader case where Nakrani is trying to get his shares back from Grover.

ED probe likely for Paytm; BharatPe gets MCA notice

Troubled fintech Paytm faces a potential probe by the Enforcement Directorate after the central bank flagged concerns, sources told ET. This and more in today’s ETtech Morning Dispatch.

CII brings out new corporate governance charter for startups

CII launched a corporate governance charter for startups, including a self-evaluative scorecard. The tool allows startups to measure their governance progress, with score changes indicating improvements in governance practices as assessed against the scorecard from time to time.

Koladiya vs Grover case: Delhi HC grants more time to Ashneer Grover to file response

During the last hearing on January 18, the Delhi High Court restricted Grover from creating any third-party rights or interest on shares 'transferred' to him by Koladiya. Koladiya filed a suit to reclaim the disputed shares, saying Grover has not paid for the shares as per the agreement.

BharatPe gets in-principle nod from RBI to operate as online payment aggregator

BharatPe gets in-principle nod from RBI to operate as an online payment aggregator.The final authorization is subject to fulfillment of certain conditions. This in-principle approval will help catapult our expansion plans, BharatPe said.

Ashneer Grover tweets poem after BharatPe CEO Suhail Sameer resigns

Besides Suhail Sameer, Ousted BharatPe cofounder Ashneer Grover also targeted Shashvat Nakrani and asked him to 'man up and take care of the business'.

Why only Paytm? If SBI refuses to listen to RBI, they will take action against it also: Rajnish Kumar, BharatPe

Rajnish Kumar of BharatPe says "UNO, owned by a bank with good governance, follows design principles for security and compliance. Fintechs, without a banking license, need self-regulation. Responsible behavior is crucial in the payment ecosystem to mitigate risks of fraud, cybercrime, and data breaches. Today, if you are seeing that India's banking system is much stronger, it is because the RBI has played a very critical role in providing that necessary supervision, guidance and regulations."

Exclusive: Sequoia's Shailendra Singh on corporate governance, VC accountability, frothy tech valuations and more

Shailendra Singh, managing director at Sequoia Capital India and SEA, sat down with ET’s Samidha Sharma in a two-hour-long interview to discuss, for the first time, how the fund has been affected by the constant scrutiny, what it’s doing to address the governance issues, and its investing strategy in the current climate after having raised a huge pool of capital.

Delhi High Court levies Rs 2 lakh fine on Ashneer Grover for violating its May order

"I am appalled to see the persistent violation of the court's orders," Justice Rekha Palli said while examining the social media posts by Grover against BharatPe. Though the judge accepted the apology tendered by Grover, she said it will be subject to a payment of ₹200,000 to the Delhi High Court Clerks Association.

#Doglapan: Ashneer Grover hits out at Shark Tank India for using his name to get publicity

Former Shark Tank India judge, Ashneer Grover, criticizes the show for using his name to boost views. The controversy, sparked by a tweet highlighting the hashtag #AshneerGrover in video titles, draws reactions from fans longing for his return. Grover, known for his candid approach, suggests changes in the show's dynamics. As Shark Tank India navigates its third season, the dispute underscores the enduring impact of Grover's popularity and influence on the audience.