Tuesday, June 28, 2022
Home Startup Stories BharatPe co-founder Ashneer Grover has resigned as the Managing Director, to continue...

BharatPe co-founder Ashneer Grover has resigned as the Managing Director, to continue as single largest shareholder

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BharatPe Co-Founder Ashneer Grover on Tuesday resigned from the company and its board. In an email sent ot the board, Grover said he had been ‘vilified’ and treated in the ‘most disrespectful manner’ since the beginning of the year.

In a letter addressed to the BharatPe board, Mr Grover said, “I write this with a heavy heart as today I am being forced to bid adieu to a company of which I am a founder. I say with my head held high that today this company stands as a leader in the fintech world. Since the beginning of 2022, unfortunately, I’ve been embroiled in baseless and targeted attacks on me and my family by a few individuals who are ready not only to harm me and my reputation but also harm the reputation of the company, which ostensibly they are trying to protect.”

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He also stated that “from being celebrated as the face of Indian entrepreneurship he is now wasting his time fighting a long, lonely battle against his own investors and management. Unfortunately, in this battle, the management has lost what is actually at stake – BharatPe.”

Mr. Grover was sent on leave following allegations of using abusive language against Kotak Mahindra Bank staff and fraudulent practices, which he has denied.

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