BHARATPES
!['Picture abhi baaki hai': Anupam Mittal reacts to 2024 Lok Sabha election results](https://img.etimg.com/thumb/msid-110741398,width-100,height-75,resizemode-4/news/india/picture-abhi-baaki-hai-anupam-mittal-reacts-to-2024-lok-sabha-election-results.jpg)
'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'](https://img.etimg.com/thumb/msid-110729373,width-100,height-75,resizemode-4/magazines/panache/ashneer-grover-reflects-on-2024-lok-sabha-election-results-during-statue-of-liberty-visit-india-mein-parliamentary-democracy-hai.jpg)
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.
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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.
![PhonePe, BharatPe settle legal dispute over 'Pe'](https://img.etimg.com/thumb/msid-110442062,width-100,height-75,resizemode-4/tech/technology/phonepe-bharatpe-settle-legal-dispute-over-pe.jpg)
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.
![BharatPe, PhonePe settle long-standing trademark dispute](https://img.etimg.com/thumb/msid-110438729,width-100,height-75,resizemode-4/news/india/bharatpe-phonepe-settle-long-standing-trademark-dispute.jpg)
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](https://img.etimg.com/thumb/msid-110406493,width-100,height-75,resizemode-4/news/india/80-cr-security-must-for-bharatpe-co-founder-ashneer-grover-and-wife-madhuri-jains-us-visit.jpg)
₹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.
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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.
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”.
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.
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.
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.
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.
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.
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).
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."
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.
#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.
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 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.
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 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.
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.
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.
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 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.
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