BharatPe investors turn down Grover offer to sell stake for Rs 4k crore

A final decision on Ashneer Grover's fate at BharatPe may be taken by the investors and the board after the audit report is presented

Key investors at BharatPe have turned down an offer made by co-founder Ashneer Grover to sell his 9.5 per cent stake in the fintech start-up for over Rs 4,000 crore if they want him to quit the company, say sources in the know.

Grover seems to have valued the payments company at around $6 billion — far higher than its valuation of $2.8 billion after a fundraise last August. However, the company was looking at a fresh raise in January this year at a valuation of around $4 billion.

The battle between the investors and Grover came to a head on Wednesday,