💥💥 Hard-hitting interview with #AshneerGrover on #BharatPe coming up here! Among other things, Zerodha's Nithin Kamath is now his inspiration on how to build and own a biz 100%
Don't miss this scoop by Priyanka Sahay, Priyanka Iyer.
Read at.
https://www.moneycontrol.com/news/business/startup/ashneer-grover-says-investigation-a-sham-seeks-to-learn-from-nithin-kamath-and-bhavin-turakhia-to-build-bootstrapped-firms-8177531.html?utm_source=telegram&utm_medium=social
Don't miss this scoop by Priyanka Sahay, Priyanka Iyer.
Read at.
https://www.moneycontrol.com/news/business/startup/ashneer-grover-says-investigation-a-sham-seeks-to-learn-from-nithin-kamath-and-bhavin-turakhia-to-build-bootstrapped-firms-8177531.html?utm_source=telegram&utm_medium=social
Moneycontrol
Ashneer Grover says investigation a sham, seeks to learn from Nithin Kamath and Bhavin Turakhia to build bootstrapped firms
Grover once again targets company chairman Rajnish Kumar, asking why the investigation did not remain confidential
Hours after #AshneerGrover's resignation, #BharatPe replies, "Ashneer Grover resigned as MD and board director ahead of PwC report submission"; reserves right to take action.
Read at https://www.moneycontrol.com/news/business/bharatpe-hits-back-after-ashneer-grover-ejects-says-board-reserves-right-to-take-action-8177541.html?utm_source=telegram&utm_medium=social
Read at https://www.moneycontrol.com/news/business/bharatpe-hits-back-after-ashneer-grover-ejects-says-board-reserves-right-to-take-action-8177541.html?utm_source=telegram&utm_medium=social
Moneycontrol
BharatPe says Ashneer Grover resigned ahead of PwC report submission, reserves right to take action
"Ashneer Grover resigned as managing director and board director minutes after receiving the agenda for upcoming board meeting that included submission of the PwC report regarding his conduct," BharatPe said
#BREAKING: #BharatPe reserves the right to take legal action against the embattled cofounder #AshneerGrover who quit yesterday as MD and board director.
Grover's family & relatives engaged in extensive misappropriation of company funds.
https://www.moneycontrol.com/news/business/startup/bharatpe-board-says-grover-family-misappropriated-company-funds-reserves-right-to-take-legal-action-8180671.html?utm_source=telegram&utm_medium=social
Grover's family & relatives engaged in extensive misappropriation of company funds.
https://www.moneycontrol.com/news/business/startup/bharatpe-board-says-grover-family-misappropriated-company-funds-reserves-right-to-take-legal-action-8180671.html?utm_source=telegram&utm_medium=social
Moneycontrol
BharatPe board says Ashneer Grover and family misappropriated funds, reserves right to legal action
"Extensive misappropriation of funds included creating fake vendors to siphon money and grossly abusing company expense accounts," the board said.
While he might be right in his arguments, Ashneer Grover should realise that #BharatPe is a board-run company, and, for better or worse, the final decisions rest with that #board.
Read more 👇
https://www.moneycontrol.com/news/opinion/lessons-to-learn-from-the-bharatpe-saga-8184191.html?utm_source=telegram&utm_medium=social
Read more 👇
https://www.moneycontrol.com/news/opinion/lessons-to-learn-from-the-bharatpe-saga-8184191.html?utm_source=telegram&utm_medium=social
Moneycontrol
Lessons to learn from the BharatPe saga
Hopefully, all the parties involved will sit together and resolve this without further acrimony. The current course of events is destroying value for everyone. There is huge potential and value in the company to be unlocked
Hours after being stripped off his co-founder & MD titles at #BharatPe and a day after quitting the fintech firm, Ashneer Grover today lashed out at the board for the statement issued against him.
Read more 👇
https://www.moneycontrol.com/news/trends/ashneer-grover-says-have-no-qualms-sleeping-on-the-floor-in-linkedin-post-day-after-quitting-bharatpe-8184791.html?utm_source=telegram&utm_medium=social
Read more 👇
https://www.moneycontrol.com/news/trends/ashneer-grover-says-have-no-qualms-sleeping-on-the-floor-in-linkedin-post-day-after-quitting-bharatpe-8184791.html?utm_source=telegram&utm_medium=social
Moneycontrol
Ashneer Grover says 'have no qualms sleeping on the floor' day after quitting BharatPe
Earlier in the day, BharatPe had released a statement alleging that Grover and his family "engaged in extensive misappropriation of company funds" and, as a result, he "is no longer an employee, a founder, or a director of the company".
#AshneerGrover VS #BharatPe | In a Twitter Spaces show hosted by Moneycontrol's Priyanka Sahay and M Sriram, serial entrepreneur and investor K Ganesh, BigBasket HR Head TN Hari, and Again Drinks founder K Vaitheeswaran weighed in on the role of investors and board in this precarious situation.
Ira Puranik brings us the highlights 👇
https://www.moneycontrol.com/news/business/the-chicken-and-the-pig-bharatpe-saga-puts-spotlight-on-investor-founder-relations-8194701.html?utm_source=telegram&utm_medium=social
Ira Puranik brings us the highlights 👇
https://www.moneycontrol.com/news/business/the-chicken-and-the-pig-bharatpe-saga-puts-spotlight-on-investor-founder-relations-8194701.html?utm_source=telegram&utm_medium=social
Moneycontrol
The Chicken and the Pig: BharatPe saga puts spotlight on investor-founder relations
In a Twitter Spaces show hosted by Moneycontrol's Priyanka Sahay and M Sriram, serial entrepreneur and investor K Ganesh, BigBasket HR Head TN Hari, and Again Drinks founder K Vaitheeswaran weighed in on the role of investors and board in this precarious…
#BharatPe vs #AshneerGrover | Could BharatPe's board have detected fraud earlier? Did it let clear governance issues persist too long?
Moneycontrol's Sriram Mani explores. Read at 👇
https://www.moneycontrol.com/news/business/startup/bharatpe-mess-leads-to-questions-over-boards-role-8232191.html?utm_source=telegram&utm_medium=social
Moneycontrol's Sriram Mani explores. Read at 👇
https://www.moneycontrol.com/news/business/startup/bharatpe-mess-leads-to-questions-over-boards-role-8232191.html?utm_source=telegram&utm_medium=social
Moneycontrol
BharatPe mess leads to questions over board’s role
Could BharatPe's board have detected fraud earlier? Did it let clear governance issues persist too long? Moneycontrol explores
#AshneerGrover vs #BharatPe | The public falling-out of co-founder Ashneer Grover and the BharatPe board has seen a lot of dirt fly but it doesn’t have to be so ugly. We have a checklist for the founders.
Read on 👇
https://www.moneycontrol.com/news/business/lesson-from-bharatpe-fiasco-how-to-build-a-symbiotic-relationship-between-founders-and-board-8247681.html?utm_source=telegram&utm_medium=social
Read on 👇
https://www.moneycontrol.com/news/business/lesson-from-bharatpe-fiasco-how-to-build-a-symbiotic-relationship-between-founders-and-board-8247681.html?utm_source=telegram&utm_medium=social
Moneycontrol
Lesson from BharatPe fiasco—how to build a symbiotic relationship between founders and board
The public falling-out of co-founder Ashneer Grover and the BharatPe board has seen a lot of dirt fly but it doesn’t have to be so ugly. We have a checklist for the founders, read on
Ashneer Grover, the founder of #BharatPe, took a dig at the board members of the company, saying "snatching away the keys and running a corner shop are two completely different skills".
Read at 👇
https://www.moneycontrol.com/news/trends/ashneer-grover-latest-ammo-against-bharatpe-board-snatching-key-running-shop-are-different-skills-8327851.html?utm_source=telegram&utm_medium=social
Read at 👇
https://www.moneycontrol.com/news/trends/ashneer-grover-latest-ammo-against-bharatpe-board-snatching-key-running-shop-are-different-skills-8327851.html?utm_source=telegram&utm_medium=social
Moneycontrol
Ashneer Grover pokes BharatPe for 'snatching keys': ‘Ab nani yaad aayegi’
BharatPe had stripped Ashneer Grover of all titles and positions after a third-party audit alleged grave governance lapses under him.
#BharatPe saw a jump of over 20 times in its revenue for the FY 2020-21, while its losses widened by 77% during the same period.
Read at 👇
https://www.moneycontrol.com/news/business/earnings/bharatpe-sees-jump-in-revenues-in-fy21-losses-widen-8346061.html?utm_source=telegram&utm_medium=social
Read at 👇
https://www.moneycontrol.com/news/business/earnings/bharatpe-sees-jump-in-revenues-in-fy21-losses-widen-8346061.html?utm_source=telegram&utm_medium=social
Moneycontrol
BharatPe's FY21 revenue jumps over 20x, losses widen 77%
Total losses for the year including change in fair value of Compulsorily Convertible Preference Shares (CCPS) stood at Rs 2,961 crore.