Page 3 - Bharatpe

Pine Labs acquiring fintech infrastructure start-up Setu for $70-75 mn

Pine Labs, backed by investors such as Sequoia Capital, PayPal, and Mastercard, competes with fintech companies such as BharatPe, Mswipe, Paytm, and Razorpay

Ex-BharatPe MD Ashneer Grover to raise $200-300 million for new venture

Ashneer Grover, who is currently in the US, may sell his BharatPe stake or raise fresh capital by issuing a stake in the new company

BharatPe sees more high-profile exits as Nathani resigns after Grover

After facing the months-long Ashneer Grover saga, fintech platform BharatPe is witnessing some high-profile exits and now, its founding member Satyam Nathani has resigned

Third major exit at BharatPe as founding member Satyam Nathani quits

He was to play a key role in Unity SFB, which was acquired through a BharatPe-Centrum Financial JV; CRO Nishit Sharma, head of institutional debt partnerships Chandrima Dhar had resigned earlier

Sequoia to harden compliance amid trouble in India, SE Asian portfolio cos

The VC fund will undertake governance trainings for founders and senior management, implementation of whistleblower policies, more independent board representation

BharatPe to 'claw back' Ashneer's restricted shares, blocks vendors

BharatPe on Tuesday said it has initiated necessary action against a former founder to claw back his restricted shares following a governance review. In a statement, the firm said it will take all steps to enforce its right under the law. In January 2022, the board of BharatPe initiated the corporate governance review of the company. The company had appointed Alvarez & Marsal (A&M), a global professional services firm notable for its work in turnaround management and performance improvement, Shardul Amarchand Mangaldas & Co (SAM), India's leading law firm, to help the board and management with its governance review and PwC, a leading consulting entity, to determine wilful misconduct and gross negligence by a former founder. "After a detailed review of the above report over the last two months, the board of BharatPe has recommended several decisive measures that are being implemented," the statement said. These include a new code of conduct for senior management and ...

Ashneer Grover says he'll start his own venture without investors

"I wish to start my own venture with my own money and make it profitable," he said during the recently-held TiECon-2022 start-up and entrepreneurial event in Chandigarh

Fintech unicorn BharatPe names former Reckitt exec Smriti Handa HR boss

Apart from Reckitt, Smriti Handa has also worked with firms like Philips and Airtel in global and local roles

Will respond strongly to frauds: Sequoia on controversy-hit BharatPe

Sequoia, which is the largest shareholder in BharatPe, in a blog said it won't hesitate to act to protect the interest of shareholders and employees even if it costs it financially

Inflection Point Ventures announces 13 exits with an IRR of 190% in 2021

Bharatpe exit emerges as a multibagger with 80x returns

Top court refuses to entertain BharatPe's petition against PhonePe

Last October, PhonePe sought Bombay HC injunction to restrain BharatPe from misusing PhonePe's registered trademarks by using and promoting the marks 'PostPe'/'postpe'

BharatPe posting record growth, has put behind Grover controversy: CEO

BharatPe, which allows shop owners to make digital payments through QR codes, is now in 225 cities (more than 2x growth from last fiscal)

Ashneer Grover writes to Bharatpe, demands action against CEO

In response to a comment by Ashneer's sister on a social media post by former Bharatpe employee, Sameer said: "Sister, your brother has stolen all the money. Very little left to pay salaries"

BharatPe's Ashneer threatens legal action over comment against sister

In a letter written to BharatPe Board, Ashneer said that Sameer should be "immediately served a show-cause notice for his despicable public behaviour and immediately put on leave of absence

Bharatpe CEO apologises for salary remark; firm says March salary paid

A Bharatpe employee in a Linkedin post had raised the matter of termination of administrative staff and non-payment of salaries, which attracted responses from Grover and CEO Sameer

BharatPe FY22 revenue grew four-fold to $100 mn, monthly cash burn at $4 mn

The fintech unicorn said its annualised TPV has grown 2.5x over the year-ago period to $16 billion at the end of the March quarter

BharatPe CEO Suhail Sameer and Ashneer Grover in war of words on LinkedIn

The two trade charges after staffer's allegation abpit unpaid dues

Ashneer Grover hits out at BharatPe board members for 'snatching keys'

Former Co-founder and managing director of BharatPe, Ashneer Grover, on Thursday once again hit at the board members of the fintech company

I did what is right for company: BharatPe CEO Suhail Sameer

BharatPe, which allows shop owners to make digital payments through QR codes, last month, stripped Ashneer Grover of all titles and positions after a third-party audit alleged grave governance lapses

Board is charting out glide path for listing of BharatPe: Rajnish Kumar

The company's transition from an individuals-driven private firm to a board-driven listed public one will be carried out in a well-thought-through and well-executed manner, said the BharatPe chairman