Page 9 - Bharatpe

Ashneer Grover's demands heat up fintech unicorn BharatPe boardroom tussle

Seeks removal of CEO Suhail Sameer from board, wants Rs 4K-cr buyout of his stake

Have not terminated services of any employee, says BharatPe Board

The Board said it remains committed to an independent and thorough audit process. It said no action has been taken or will be taken till the audit has been completed

BharatPe orders independent audit amid co-founder's audio clip controversy

Ashneer Grover recently went on a voluntary leave of absence till March-end amid backlash regarding him allegedly speaking in abusive language with a bank employee

BharatPe's PoS business grows to $4 bn annualised transaction value

Fintech firm says it has ramped up the reach of this business by 25x to over 250 cities in the past 12 months

Unity intact, Centrum is promoter of bank: Chairman Jaspal Bindra

'It has been 25 years since I first played the role of CEO in India', said Bindra

BharatPe co-founder Ashneer Grover takes voluntary leave till March-end

Board accepts his decision, agrees it is in the best interests of the company, staff, investors and merchants. Adds BharatPe will continue to be led by CEO Suhail Sameer

Top headlines: Grover takes voluntary leave; ban on int'l flights extended

Business Standard brings you the top headlines on Wednesday

Diwali bonanza for BNPL platforms as disbursals grow by more than 100%

Most of these players saw transactions on their platforms rise on account of increased spends on categories like apparel, electronics and grocery

Delhi HC dismisses BharatPe pleas seeking removal of PhonePe trademarks

Petitions were frivolous and baseless, and an attempt to divertthe court's attention from its own misuse of PhonePe's trade marks, says Walmart-owned digital payments firm

BharatPe to share equity worth $100 mn with merchants on its platform

The fintech unicorn said it is aiming for the merchant shareholding pool to be worth about $1 bn by the time it goes public

Centrum-BharatPe backed Unity Small Finance Bank commences operations

The banking entity aims to be the digital-first bank

BharatPe plans $5 bn loan book to help small businesses with credit: CEO

Company expects growth from Unity Small Finance Bank, its joint venture with Centrum Group, says Suhail Sameer

BharatPe approaches Delhi HC against PhonePe's over multiple registrations

The Delhi-based firm has filed six cancellation actions against multiple registrations held by its rival PhonePe.

Centrum-Bharatpe JV small finance bank to begin operations shortly

The first branch of Unity Small Finance Bank, joint venture between Centrum Group and Bharatpe, will be up and running shorty from city with Rs 1,500 cr growth capital and a Rs 1,300-cr loan book

BharatPe raises Rs 100 crore in debt from MAS Financial Services

This is the eighth round of debt fund raise for the company in 2021. BharatPe has raised over Rs 600 crore (about USD 84 million) in debt this calendar year

PhonePe withdraws petition against BharatPe's Postpe, to file fresh suit

Fintech major PhonePe has withdrawn its petition against BharatPe's Buy Now Pay Later (BNPL) Postpe platform which had alleged violation of PhonePe's trademark and said it will file a fresh suit. PhonePe had approached the Bombay High Court seeking an injunction to restrain Resilient Innovations, which operates BharatPe, from misusing PhonePe's registered trademarks by using and promoting the marks 'PostPe'/'postpe', PhonePe said in a statement on late Friday night. During the hearing, the Court observed that the mark PostPe adopted by Resilient Innovations is so phonetically, structurally and visually similar to PhonePe mark that it also thought that PostPe/postpe is a natural evolution of the word PhonePe and emanated from PhonePe, the statement added. "However, to address certain observations made by the Court in the pleadings filed by PhonePe, the suit was withdrawn with liberty to file a fresh suit challenging the adoption of mark PostPe/postpe by Resilient Innovations," PhoneP

PhonePe files and pulls back copyright petition against BharatPe's postpe

Customers can download the postpe app from Play Store and avail interest-free credit limit of up to Rs 10 lakh

Unity Small Finance Bank plans to tap 100 million Payback users

The proposed business model is one of collaboration and open architecture

Centrum soars 19% as RBI grants SFB license to consortium with BharatPe

The RBI has issued a Small Finance Bank license to the Centrum Group-BharatPe consortium; new SFB has been incorporated as 'Unity Small Finance Bank'

RBI issues small finance bank licence to Centrum-BharatPe consortium

The consortium will take over the assets and liabilities of Punjab and Maharashtra Co-operative Bank