Business Standard

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

Ashneer Grover, co-founder and MD, BharatPe
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Ashneer Grover, co-founder and MD, BharatPe

Surajeet Das Gupta New Delhi
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,
Topics : bharatpe

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First Published: Feb 25 2022 | 6:04 AM IST

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