The unravelling of Ashneer Grover: How a startup king lost his lustre

Showdown between co-founder of BharatPe and his colleagues comes at the height of a boom for India's startup scene.

Last week, the drama reached a tentative conclusion: Grover resigned from the startup. In a statement, BharatPe said it “reserves all rights to take further legal action against him and his family.” His presence was removed from the website.

Grover said the accusations against him, including that he stole company money to fund an extravagant lifestyle, stem from “personal hatred and low thinking.” In a statement provided to Bloomberg, he added: “The only thing lavish about me is my dreams and ability to achieve them against all odds through hard work and enterprise.”

The tense showdown between Grover and his