BHARATPE COFOUNDER
'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.
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.
₹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.
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
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”.
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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.
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.
D2C apparel firm Bummer raises Rs 9.25 crore led by Nikhil Kamath-backed Gruhas Collective
The funding – entirely primary – also saw participation from D2C-focused venture firm Fluid Ventures, an existing investor. Bummer had earlier raised Rs 5.5 crore in seed funding from Singapore-based venture firm Beenext Asia, which has invested in firms like NoBroker and BharatPe.
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.
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).
Is Ashneer Grover working on a film? Former BharatPe co-founder teases 'Doglapan 2.0' and movie plans
Ashneer Grover's autobiography, 'Doglapan: The Hard Truth about Life and Start-Ups,' details his journey from a 'refugee' in Delhi to a prominent entrepreneur. It has resonated with readers nationwide, earning praise for its authenticity and honesty. Keeping fans eagerly anticipating what's next, Grover has now teased plans for 'Doglapan 2.0' and a movie adaptation.
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.
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 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.
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.
FirstCry to file IPO papers soon; BharatPe’s Rs 500 crore debt plan
Omnichannel retailer FirstCry aims to raise $500-600 million from its public listing and is likely to file its draft IPO papers in the next few days. This and more in today’s ETtech Top 5.
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.
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.
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.
BharatPe fraud complaint: EOW summons Ashneer Grover, wife on November 21
The LoC was opened against the couple at the request of the Delhi Police EoW.
BharatPe cofounder Ashneer Grover, wife stopped at Delhi airport while travelling to New York
Couple stopped at Delhi airport citing look-out circular issued against them by EOW of Delhi Police
BharatPe cofounder Ashneer Grover, wife stopped at Delhi airport while travelling to New York
This was done on the basis of a look-out circular (LoC) issued against the two upon request by the Economic Offences Wing of Delhi Police.
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 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.
Row over comments of BharatPe co-founder Ashneer Grover on Indore's top rank in cleanliness survey
Indore's mayor has said that legal action will be taken against BharatPe co-founder Ashneer Grover over comments of the city's top rank in cleanliness survey being allegedly 'bought'. In a viral video, Grover can be heard claiming the same after having lived in the city for three-four years, however he clarified later on that he was talking about the construction works.
BharatPe co-founder Ashneer Grover makes surprise appearance on latest season of Roadies
In the clip, gang leaders Prince Narula, Rhea Chakraborty and Gautam Gulati are seen engaged in an intense bidding war for contestants. At one point, Charoborty and Gulati also propose to walk out of the show. At that moment, Grover walks in and quizzes a contestant. "Bheek hi mang raha hai na. Bhai le lo mereko (you're begging to be selected, that please take me)," he said.
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.
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