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.
Chairman of #BharatPe Rajnish Kumar has said that the #AshneerGrover episode at the fintech was an aberration and the board is more engaged now and looking into key monetary issues closely.
Read at 👇
https://www.moneycontrol.com/news/business/startup/ashneer-grover-row-is-an-aberration-bharatpe-chairman-rajnish-kumar-8353721.html?utm_source=telegram&utm_medium=social
Read at 👇
https://www.moneycontrol.com/news/business/startup/ashneer-grover-row-is-an-aberration-bharatpe-chairman-rajnish-kumar-8353721.html?utm_source=telegram&utm_medium=social
Moneycontrol
Ashneer Grover row is an aberration: BharatPe chairman Rajnish Kumar
Ashneer Grover and his wife Madhuri Jain Grover exited the company last month after allegations of misappropriation of funds surfaced following governance audits conducted by Alvarez & Marsal and PwC.
Anatomy of a scandal: what happened at #BharatPe may have given us a guide on what not to do in a crisis, writes Tasmayee Laha Roy.
Read on 👇
https://www.moneycontrol.com/news/business/startup/storyboard18-impact-of-scandals-on-real-and-notional-value-of-brands-8377721.html?utm_source=telegram&utm_medium=social
Read on 👇
https://www.moneycontrol.com/news/business/startup/storyboard18-impact-of-scandals-on-real-and-notional-value-of-brands-8377721.html?utm_source=telegram&utm_medium=social
Moneycontrol
Storyboard18 | Impact of scandals on real and notional value of brands
Controversies surrounding fintech startup BharatPe and its handling of the crisis is one for the books. Perhaps filed under the chapter ‘What not to do’.
Former #BharatPe MD Ashneer Grover has said that he wants to launch a venture of his own, after a bitter exit from the company he co-founded. He described his row with the BharatPe board as "a badly fought corporate battle".
Read at 👇
https://www.moneycontrol.com/news/trends/current-affairs-trends/ashneer-grover-plans-to-start-his-own-venture-after-bitter-bharatpe-exit-dont-want-to-go-to-investors-again-8445771.html?utm_source=telegram&utm_medium=social
Read at 👇
https://www.moneycontrol.com/news/trends/current-affairs-trends/ashneer-grover-plans-to-start-his-own-venture-after-bitter-bharatpe-exit-dont-want-to-go-to-investors-again-8445771.html?utm_source=telegram&utm_medium=social
Moneycontrol
Ashneer Grover plans to start his own venture after bitter BharatPe exit: 'Don't want to go to investors again'
At a recent event, Ashneer Grover described his row with the BharatPe board as "a badly fought corporate battle".
Former #BharatPe MD #AshneerGrover was a harsh critic but also an inspiration for many contestants who participated in startup reality show Shark Tank India. Two of them recently met him and handed him a thank you note.
Read 👇
https://www.moneycontrol.com/news/trends/a-thank-you-note-for-ashneer-grover-from-shark-tank-contestants-8463621.html?utm_source=telegram&utm_medium=social
Read 👇
https://www.moneycontrol.com/news/trends/a-thank-you-note-for-ashneer-grover-from-shark-tank-contestants-8463621.html?utm_source=telegram&utm_medium=social
Moneycontrol
A thank you note for Ashneer Grover from Shark Tank contestants
Rakhi Pal and Saurabh Mangrulkar, co-founders of EventBeep, an online community for college students, had won investments from Grover and two other sharks -- Lenskart CEO Peyush Bansal and BOAT’s Aman Gupta -- on the show.
Former #BharatPe chief, Ashneer Grover, said that the acquisition of crisis-ridden Punjab and Maharashtra Cooperative Bank last year by Centrum-BharatPe consoritum was the smartest corporate move in history.
Read more 👇
https://www.moneycontrol.com/news/business/pmc-bank-acquisition-by-centrum-bharatpe-was-smartest-corporate-move-in-history-claims-ashneer-grover-8529631.html?utm_source=telegram&utm_medium=social
Read more 👇
https://www.moneycontrol.com/news/business/pmc-bank-acquisition-by-centrum-bharatpe-was-smartest-corporate-move-in-history-claims-ashneer-grover-8529631.html?utm_source=telegram&utm_medium=social
Moneycontrol
PMC Bank acquisition by Centrum-Bharatpe was smartest corporate move in history, claims Ashneer Grover
The Reserve Bank of India on June 18 granted “in-principle” approval to Centrum Financial Services Limited to set up an SFB, paving the way for the entity to take over the crisis-ridden PMC Bank.
#BharatPe today announced the launch of an #investment platform for its merchant partners, that, it said, will allow the RBI regulated entities to market their investment products to more than 8 million of its affiliated merchants across the country.
Read more about this platform 👇
https://www.moneycontrol.com/news/business/bharatpe-launches-investment-platform-for-merchants-8533361.html?utm_source=telegram&utm_medium=social
Read more about this platform 👇
https://www.moneycontrol.com/news/business/bharatpe-launches-investment-platform-for-merchants-8533361.html?utm_source=telegram&utm_medium=social
Moneycontrol
BharatPe launches investment platform for merchant partners
"With the launch of the investment platform, we intend to give our merchants a plethora of investment options to choose from," BharatPe CEO Suhail Sameer said.
Yesterday, #BharatPe filed a civil suit against #AshneerGrover, his wife #MadhuriJain, and other family members, seeking over Rs 88 crore in damages for alleged misappropriation of funds.
Read Here 👇🏻
https://bit.ly/3HfWXA5
Read Here 👇🏻
https://bit.ly/3HfWXA5
Moneycontrol
Ashneer Grover's family paid for South Delhi duplex, vacations, skincare, appliances with company money, says BharatPe
The fintech unicorn has filed a lawsuit against Ashneer Grover, his wife Madhuri Jain, and other family members, seeking damages in excess of Rs 88 crore for alleged misappropriation of funds.
#BharatPe has filed a criminal complaint with the Economic Offences Wing on 17 counts, including embezzlement, forgery, and criminal breach of trust
Read Here 👇🏻
https://bit.ly/3iO7acB
Read Here 👇🏻
https://bit.ly/3iO7acB
#MCTech3: Top #tech and #startup news this evening
✳️ #Snapdeal snaps #IPO plans
✳️ #BharatPe wants #AshneerGrover's shares
✳️ #Bengalureans taken for a ride, but no autos
Sign up for the newsletter 👇🏻
https://bit.ly/3Y4FqAZ
✳️ #Snapdeal snaps #IPO plans
✳️ #BharatPe wants #AshneerGrover's shares
✳️ #Bengalureans taken for a ride, but no autos
Sign up for the newsletter 👇🏻
https://bit.ly/3Y4FqAZ
Moneycontrol
Tech 3 | Snapdeal snaps IPO plans; BharatPe wants Ashneer Grover's shares; and more
In today's Tech3 newsletter, Snapdeal to shelve $152 million IPO; BharatPe files arbitration to claw back Ashneer Grover's shares, title
A huge loss of Rs 5,594 crore by #BharatPe has surprised some in the #startup world, especially after it was followed by the immediate stepping down of its CEO Suhail Sameer.
Here's how BharatPe racked up Rs 5,594 crore loss in FY22 👇
https://bit.ly/3QinGyd
Here's how BharatPe racked up Rs 5,594 crore loss in FY22 👇
https://bit.ly/3QinGyd
Moneycontrol
How BharatPe racked up Rs 5,594 crore loss in FY22
Almost 85 percent of the loss amount was because of change in value of preference shares
#MCTech3: Top #tech and #startup news this evening
✳️ Why #SatyaNadella is long on India
✳️ #Layoffs at #Moglix
✳️ #BharatPe's huge loss has a devil in the detail
Sign up for the newsletter 👇🏻
https://bit.ly/3QhayJL
✳️ Why #SatyaNadella is long on India
✳️ #Layoffs at #Moglix
✳️ #BharatPe's huge loss has a devil in the detail
Sign up for the newsletter 👇🏻
https://bit.ly/3QhayJL
Moneycontrol
Tech 3 | Massive job cuts at Amazon; Why Satya Nadella is long on India; and more
In today's Tech3 newsletter, Amazon's massive layoffs to hit 18,000 employees; Microsoft CEO Satya Nadella lauds India's tech-policy synergy
#MCTech3 | Top #tech and #startup news this evening 🔥
✴️ More layoffs at #Unacademy, UpGrad loses its CEO
✴️ Mega exclusive with #TCS CEO
✴️ #BharatPe can operate as an online payment aggregator
Sign up for the newsletter ⤵️
https://bit.ly/3jZXexn
✴️ More layoffs at #Unacademy, UpGrad loses its CEO
✴️ Mega exclusive with #TCS CEO
✴️ #BharatPe can operate as an online payment aggregator
Sign up for the newsletter ⤵️
https://bit.ly/3jZXexn
Moneycontrol
Disease of 'policy paralysis' that existed before 2014 eradicated under PM Modi's leadership: Naqvi
The former Union minister also said PM Modi has shown that a leader becomes great not by his power but by his commitment and conviction to empower people.
Now, second #BharatPe founder Shashvat Nakrani to sue #AshneerGrover
Read Here 👇🏻
https://bit.ly/3lxsh4M
Read Here 👇🏻
https://bit.ly/3lxsh4M