Page 4 - Bharatpe

Deloitte flags sourcing from inappropriately approved vendors at BharatPe

Auditor Deloitte has flagged inappropriately approved vendors and excess payments at BharatPe, where its former MD and co-founder Ashneer Grover has been accused of cheating and embezzlement of funds. In its latest annual report, BharatPe presented opinion of its statutory auditor that said the company's internal control system for vendor selection as well as for approval of invoices for purchase of goods and services were not operating effectively, resulting in procurements at inappropriately approved prices. After devoting a page on the statutory auditors' report, BharatPe's annual report in the following section stated that "there were no instances of fraud reported by auditors to the board of directors". This was used by Grover to attack reportage, saying no journalist has read the annual report of BharatPe which has clearly writes of no fraud. "Ek bhi journalist ne @bharatpeindia ki annual FY22 report nahi padi - auditor ne clearly likha hua hai 'NO instances of FRAUD reported

Have removed defamatory posts against BharatPe: Ashneer Grover to court

On May 10, The Economic Offences Wing (EOW) of the Delhi Police filed a first information report (FIR) against Grover and his family members for allegedly committing various crimes

FIR against ex-BharatPe MD Ashneer Grover, wife over alleged Rs 81cr fraud

Delhi Police's Economic Offences Wing also books Grover's other relatives on charges of defrauding BharatPe

Saas platform OTPless hires BharatPe's Anubhav Mathur, other key executives

OTPless, the startup founded by Bhavik Koladiya announced the appointment of key executives

BharatPe rebrands multi-brand loyalty program PAYBACK India as 'Zillion'

This new brand identity is in line with the company's vision to make Zillion ubiquitous to loyalty and rewards across the country

BharatPe acquires majority stake in Mumbai-based NBFC Trillion Loans

Company that provides loans to small businesses will operate as independent entity

Fintech firm BharatPe acquires controlling stake in NBFC Trillion Loans

BharatPe said it has also infused a substantial amount of investment into Trillion Loans to enable the NBFC to grow its loan book

Former BharatPe CEO Ashneer Grover launches fantasy cricket platform

As per information available on CrickPe's website, it is an app that allows users to play cricket online

BharatPe strongly denies out-of-court settlement talks with Ashneer Grover

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 Grover, wife set to launch fantasy sports app CrickPe: Report

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

BharatPe Group appoints Aparna Kuppuswamy as chief risk officer

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

BharatPe refutes Ashneer Grover's claim of data breach 150 mn users

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"

BharatPe paid Rs 1.69 cr salary to Ashneer, Rs 63 lakh to his wife in FY22

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

BharatPe loses Rs 5,610 cr in FY22 after change in fair value of CCPS

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

BharatPe makes 3 hires for corporate governance, compliance, data security

Fintech firm says it is essential to strengthen the roles as it 'focuses on getting IPO ready'

IPO-bound BharatPe appoints three top execs amid legal battle with Ashneer

Founded in 2018, BharatPe is currently serving 1 crore merchants across more than 400 cities

Delhi HC asks Ashneer Grover to file undertaking in suit by Bhavik Koladiya

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 takes Ashneer Grover to court over BharatPe share dispute

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

EnKash gets RBI's in-principle nod to operate as online payment aggregator

On Tuesday, Hitachi Payment Services and BharatPe also received in-principle authorisation to operate as payment aggregators

Hitachi Payment, BharatPe get RBI nod to operate as payment aggregators

In-principle approval takes firms closer to offering to digital financial services to clients