Delhi Police's Economic Offences Wing also books Grover's other relatives on charges of defrauding BharatPe
OTPless, the startup founded by Bhavik Koladiya announced the appointment of key executives
This new brand identity is in line with the company's vision to make Zillion ubiquitous to loyalty and rewards across the country
Company that provides loans to small businesses will operate as independent entity
BharatPe said it has also infused a substantial amount of investment into Trillion Loans to enable the NBFC to grow its loan book
As per information available on CrickPe's website, it is an app that allows users to play cricket online
Fintech platform BharatPe on Monday said that there are no settlement talks going on between the company and its former founder and Managing Director Ashneer Grover
Ashneer and Madhuri Jain are currently fighting a court case where BharatPe has accused them of swindling Rs 88.6 crore while being at the helm at the company
Prior to joining BharatPe, Kuppuswamy was chief risk officer at SBI Cards for more than 14 years, where she led a number of key projects
Fintech platform BharatPe termed the allegations levelled by its former Managing Director and Co-founder Ashneer Grover about data leak at the company as "malicious and completely baseless"
Fintech platform BharatPe paid a salary of Rs 1.69 crore to Ashneer Grover in FY22, while his wife Madhuri Jain Grover who was former head of controls at the company took home Rs 63 lakhs
Apart from the CCPS cost, the company's adjusted loss grew 2.2 times to Rs 828.2 crore in FY22, from Rs 227.3 crore in the earlier fiscal year
Fintech firm says it is essential to strengthen the roles as it 'focuses on getting IPO ready'
Founded in 2018, BharatPe is currently serving 1 crore merchants across more than 400 cities
Delhi HC told BharatPe's former MD Ashneer Grover to file an undertaking in a week's time in connection with a suit filed by the fintech company's co-founder Bhavik Koladiya
Bhavik Koladiya and his teacher's son Shashvat Nakrani founded the fintech firm BharatPe in 2017 and Ashneer Grover joined the startup in 2018 as CEO
On Tuesday, Hitachi Payment Services and BharatPe also received in-principle authorisation to operate as payment aggregators
In-principle approval takes firms closer to offering to digital financial services to clients
The company is one of the leaders in the UPI offline transactions, processing more than 18 crore UPI transactions per month (annualised transaction processed value of over $24 billion in payments)
Delhi High Court was hearing a suit filed by BharatPe seeking, among other reliefs, orders to restrain Grover from making defamatory statements against the company