Bharatpe

As per information available on CrickPe's website, it is an app that allows users to play cricket online

Fintech platform BharatPe on Monday said that there are no settlement talks going on between the company and its former founder and Managing Director Ashneer Grover

Ashneer and Madhuri Jain are currently fighting a court case where BharatPe has accused them of swindling Rs 88.6 crore while being at the helm at the company

Prior to joining BharatPe, Kuppuswamy was chief risk officer at SBI Cards for more than 14 years, where she led a number of key projects

Fintech platform BharatPe termed the allegations levelled by its former Managing Director and Co-founder Ashneer Grover about data leak at the company as "malicious and completely baseless"

Fintech platform BharatPe paid a salary of Rs 1.69 crore to Ashneer Grover in FY22, while his wife Madhuri Jain Grover who was former head of controls at the company took home Rs 63 lakhs

Apart from the CCPS cost, the company's adjusted loss grew 2.2 times to Rs 828.2 crore in FY22, from Rs 227.3 crore in the earlier fiscal year

Fintech firm says it is essential to strengthen the roles as it 'focuses on getting IPO ready'

Founded in 2018, BharatPe is currently serving 1 crore merchants across more than 400 cities

Delhi HC told BharatPe's former MD Ashneer Grover to file an undertaking in a week's time in connection with a suit filed by the fintech company's co-founder Bhavik Koladiya

Bhavik Koladiya and his teacher's son Shashvat Nakrani founded the fintech firm BharatPe in 2017 and Ashneer Grover joined the startup in 2018 as CEO

On Tuesday, Hitachi Payment Services and BharatPe also received in-principle authorisation to operate as payment aggregators

In-principle approval takes firms closer to offering to digital financial services to clients

The company is one of the leaders in the UPI offline transactions, processing more than 18 crore UPI transactions per month (annualised transaction processed value of over $24 billion in payments)

Delhi High Court was hearing a suit filed by BharatPe seeking, among other reliefs, orders to restrain Grover from making defamatory statements against the company

On Tuesday, BharatPe announced that Sameer was stepping away from his post and will serve as the Strategic Advisor effective January 7

Fintech has sued a former co-founder, has seen exit of other senior executives over the months

BharatPe said its former co-founder and MD Ashneer Grover exhibited "unruly, intimidating and threatening behaviour" towards the authorised representatives and employees of the company

Sameer has been overseeing the company after it ousted Ashneer Grover for financial misappropriation

Grover wrote that taking advantage of the fact that "I do not indulge in alcohol, he would call Bhavik and Shashvat for drinking sessions and poison them against me