Page 2 - Bharatpe

Confusion and concern: Traders brace for impact of Paytm crisis

Some shift to alternatives and shun the platform, others still swear by it

MCA issues fresh notice to fintech BharatPe as part of ongoing inquiry

BharatPe claimed that the notice pertained to an inquiry initiated in 2022, requesting additional information on its operations and actions taken against co-founder Ashneer Grover

BharatPe fraud: Ashneer Grover, wife move HC challenging lookout circular

Payment app BharatPe's former MD Ashneer Grover and his wife on Thursday approached the Delhi High Court seeking quashing of the Look Out Circular (LOC) issued against them in connection with the investigation in a cheating and forgery case. Justice Subramonium Prasad, before whom the matter came up for hearing, listed it for May 8 saying the investigation in the case registered by the Delhi Police's Economic Offences Wing (EOW) is at a nascent stage. It is too hot in the day for this court to intervene now. Come after sometime. The investigation is at a nascent stage and they will take some time to investigate, the high court said. It further said that at this juncture, it will not be correct to say that the LOC is completely unjustified. As an interim relief, Grover and his wife Madhuri Jain Grover have sought suspension of the LOC issued against them with a further direction to the authorities not to interfere with or prevent their right to travel abroad. The court asked the ..

BharatPe earns Rs 904 cr against a loss before tax of Rs 886 cr in FY23

BharatPe's EBITDA loss declined by about Rs 158 crore in FY23, it said in a statement

Ashneer Grover approaches NCLT seeking reinstatement as BharatPe MD

Ashneer Grover also sought the revocation of the termination of his wife Madhuri Jain Grover and directions to revert any new shares issued by the firm since his resignation

NCLT directs Grover to establish maintainability of plea against BharatPe

The case will next be heard by the New Delhi bench of the National Company Law Tribunal (NCLT) on January 11

Ashneer Grover fined Rs 200,000 for defamatory content on BharatPe

The court has directed the fine to be deposited with the Delhi High Court Clerks Association

BharatPe turns Ebitda positive in Oct, annualised revenue up Rs 1,500 cr

The company is aiming to achieve profitability for a complete fiscal in the upcoming year

HC imposes Rs 2 lakh as costs on Ashneer Grover over posts on BharatPe

The Delhi High Court on Tuesday imposed Rs 2 lakh as costs on BharatPe co-founder Ashneer Grover in the matter related to his alleged defamatory social media posts against the fintech company. Justice Rekha Palli took on record the apology and the undertaking given by Grover but proceeded to impose costs on him, saying the "court cannot be taken for granted". The judge, while dealing with a plea by Resilient Innovations Pvt Ltd - which owns BharatPe - against its former MD, said the court was "appalled" to note the "persistent" and "blatant" violation of the earlier orders and assurances given by Grover in this regard. "Taking into account that defendant no 2 is now filing an affidavit specifically undertaking not to post any such defamatory posts in future and is also apologising for his past behaviour, this court is inclined to close the matter at this stage by binding the defendant no 2 to his undertaking. This is, however, subject to a payment of costs of Rs 2 lakh," the court

Delhi HC imposes Rs 2 lakh fine on Ashneer Grover for violating court order

Ashneer Grover tendered an unconditional apology. Though the court accepted the apology, however, it said that it is subject to him paying the costs to Delhi High Court Clerk Association

BharatPe turns EBITDA positive, clocks Oct 2023 as first profitable month

Without giving out the actual number, BharatPe in a statement said the financial milestone was attributed to consistent growth across all business lines

BharatPe takes fresh legal action against co-founder Ashneer Grover: Report

The case is in addition to the earlier civil suit filed by Resilient Innovations against Ashneer Grover

'Delivering nothing': Ashneer Grover slams ex-SBI chief Rajnish Kumar

BharatPe co-founder Ashneer Grover attacked former State Bank of India (SBI) chairman Rajnish Kumar and said 'delivering nothing and creating a deflection to hide behind is the easiest'

'I'll be last man standing': Ashneer Grover on charges of fake invoices

BharatPe had alleged that Grover and his family paid for their South Delhi house, vacations, skincare and appliances with the company's money

BharatPe fraud: EOW finds fake invoices generated by Ashneer Grover family

Preliminary investigations by the Economic Offences Wing (EOW) find consultancy firms credited Rs 7.6 crore by BharatPe share addresses of Ashneer Grover's family members

Sorry to Indore, won't apologise to politicians, says Ashneer Grover

Amid a row over his comments on Indore's top rank in the Centre's cleanliness survey, BharatPe's co-founder Ashneer Grover has said while he will say sorry to the city, he will not apologise to the politicians. A non-cognisable offence information report (NCR) was registered on Monday against Grover after a video showed him commenting on Indore's top rank in the Centre's cleanliness survey and purportedly claiming it had been "bought". Following the development, Grover shared the video of his controversial statement in a post on his X. Sorry to Indore. You've got great people and a city. But politicians everywhere have got no chill! Unnecessary politics being made out of a statement made in jest in a playful conversation on Bhopal vs Indore. Where the audience had fun - no offence was meant. None taken by anyone. No one getting offended now was even present in the room," he said in the post late on Monday night. He further said, "Not sorry to any politician. Ever. No one. Any party

Row over of Ashneer Grover's remarks on Indore's rank in cleanliness survey

A video has surfaced of BharatPe co-founder Ashneer Grover commenting on Indore's top rank in the Centre's cleanliness survey and his purported claim that the survey has been "bought", following which the city mayor said legal action will be taken against this insult. Indore city of Madhya Pradesh has remained on top in the Centre's Swachh Sarvekshan for six consecutive years. Addressing an event here, Grover is heard in the video saying, "See, there is a concept - playing to the gallery, that is, wherever you go, praise it saying I have never seen such a nice city. Now the problem with me is that for three-four years I have heard that Indore is the cleanest city...you have bought the survey. It's a simple thing." Grover, however, immediately clarified he was not saying there was filth in Indore, and that he meant several construction works are going on in the city. Indore's Mayor Pushyamitra Bhargava said, I have seen Grover's video. His statement is an insult to the hard work of

BharatPe CBO Dhruv Dhanraj Bahl steps down for entrepreneurial journey

Fintech platform BharatPe's Chief Business Officer Dhruv Dhanraj Bahl is leaving the company after about four years of service, the company confirmed. Bahl's exit follows a series of exits of top executives from the Gurugram-based company. Bahl joined the company in 2020 as head of operations and was elevated to Chief Operating Officer, before assuming his present role of CBO for Merchant Lending. "We would like to confirm that Mr. Bahl is moving on from BharatPe to pursue his entrepreneurial passions. He has been an integral part of the organisation and contributed to the growth of the company. We thank him for his contribution to BharatPe's journey and wish him all the best for future endeavours," a company spokesperson said. The spokesperson said that the merchant lending business has grown significantly over the last year, "under the able guidance of an experienced leadership team", reaffirming that the exit will not impact operations. Bahl is a venture partner with Bharat ...

BharatPe to double its POS network in India over the next 12 months

As a part of the plan, it launched its new Android POS terminal, BharatPe Swipe Android

Why are governance lapses increasing in Indian startup ecosystem?

Conversations around proper governance among startups are increasing