1 / 2

Ashneer Grover Demands Rs.4000 Crore to Leave BharatPe

Ashneer has stated that he will quit his employer only after an individual investor purchases out his 9.5 percent stake in the company and give him the sum of Rs4,000 crore.

Entrackr
Download Presentation

Ashneer Grover Demands Rs.4000 Crore to Leave BharatPe

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Ashneer Grover Demands Rs.4000Crore to Leave BharatPe SharkTankSharkTank'sIndianhostAshneerGroverlandedincontroversyinthelastmonthafteranaudiotapeofhimwherehe'saccusedofthreateningandhurlingabuseattheKotakMahindraBankemployee,wasreleased.AshneerhasdeniedallallegationsandsaidthecompanyheworksforwillbeBharatPeinexchangeforinvestorsgivinghimthesumofRs4,000crore. Afterthereleaseoftheaudiotapeinthelastonemonthago,Ashneerdeclaredittobefakeaudiorecordedbyafraudsterseekingtostealmoney."ThestatementthatwasmadeinatweetthatwaslaterremovedbyAshneer.Now,legalactionsarebeingtakenbyKotakMahindraBankagainstAshneerfor“inappropriatelanguage”usedagainsttheiremployees. InarecentconversationwithMoneyControl,Ashneerhasstatedthathewillquithisemployeronlyafteranindividualinvestorpurchasesouthis9.5percentstakeinthecompany. Alsoread:Dunzo Raises$240MillionLedbyRelianceRetail Ashneerstated,IamtheMDandIrunthecompany.IftheboarddecidesthatI'mnotneededtobetheMD,andsomebodyelseshouldbetheCEOofthebusiness,thenpleaseplacemyRs4,000croreonthemarketandgetthekeysoffmyhands.Ifyou'relookingtopurchaseme,youwouldliketopurchasemeatthefairmarketvalueyouthinkitis,right?Accordingtome,afairvaluewouldbeabout$6billion.

  2. Aftertheallegedaudiomakingroundsontheinternet,AshneerisonavoluntaryleavefromhisdutiesonBharatPeuntilMarch-end.Similarly,lastweek,Ashneer’swife-MadhuriGrover-alsowentonavoluntaryleaveforavacation.Aftertheallegedaudiomakingroundsontheinternet,AshneerisonavoluntaryleavefromhisdutiesonBharatPeuntilMarch-end.Similarly,lastweek,Ashneer’swife-MadhuriGrover-alsowentonavoluntaryleaveforavacation. AboutAshneerGrover Ashneer,anIIMalumni,workedasanexecutivevicepresidentatKotakMahindraBank,afterwhichAshneerwashiredbyAmericanExpress.Later,Ashneerwentontoco-foundbothGrofersandBharatPe. Youmayalsolike:boAt's Revenue ExceedsRs.1,500 Cr AboutBharatPe BharatPeisanIndianfintechfirmthatcaterstosmall-sizedmerchantsandownersofkiranastoresinIndia.Itoffersawiderangeoffintechsolutions,includinginteroperableQRcodestofacilitateUPItransactions,BharatSwipeforcardacceptance,aswellassmallbusinessfinancing.BharatPe’srevenueforfiscal2021jumpsoversixtimestoRs700crore.BharatPe’svaluationwas$3billionlastyearwhenitraised$370millionfromTigerGlobal,Coatueandothers.BharatPe’snetworthtodayisaround$6billion. SubscribetoEntrackr’snewslettertogetalltheupdatesonBharatpeandotherlateststartupnews.

More Related