Ashneer Grover News

legal dispute between fintech BharatPe and its co-founder Ashneer Grover may be designed to free both sides from encumbrances in future business growth. But there's more that needs to be done than just kiss and make up. BharatPe is headed for an IPO and will seek to present a picture of a house in order to investors.

Anupam Mittal, a veteran judge on the show, recently made headlines with a comment that seemed to target former co-judge Ashneer Grover.

Ashneer Grover, cofounder and former managing director of BharatPe, withdrew his plea from the National Company Law Tribunal (NCLT), in which he had alleged oppressive conduct and mismanagement by the board of the fintech firm. The withdrawal of the plea from the NCLT's Delhi bench came after Grover reached a settlement with the company on September 30, 2024. A copy of the settlement agreement was also placed before the NCLT by the counsel appearing for Grover, who had filed an application for withdrawal of the petition. "… during the pendency of the said petition, parties have arrived with settlement and also executed the settlement agreement dated September 30, 2024, a copy of which is placed on record and in view of the settlement applicant (who is petitioner in the main company petition) has sought liberty to withdraw the company petition," the NCLT order dated October 14, 2024, noted.

Fintech company BharatPe on Monday said that it had settled the two-year-old legal dispute with cofounder Ashneer Grover. As part of the settlement, Grover will neither be associated with the company in any capacity nor be a part of its shareholding as part of a settlement agreement signed between them, BharatPe said in a statement. Part of the shares held by Grover will be transferred to the Resilient Growth Trust for the benefit of the company and remaining shares will be managed by his family trust.

Coldplay concerts scheduled for 2025, popular author Chetan Bhagat and former SharkTank judge Ashneer Grover engaged in debate on social media platform over pricey tickets sold. «On one hand we get figures of Indian salary percentiles and on the other there’s near mania for concert tickets. Who’s paying so much and buying all these tickets? What percentage of your monthly salary are people spending on these tickets?Some YOLO logic here? What?» said Bhagat in a post on X. Replying to the author, Ashneer said «It’s a large country — and lot is disparity on either end — why is filling of 80k stadium surprising anyone? 800k students go overseas every year — spending $50K on an average. Also now that most people who can afford have phones — things will fill up instantly as well.»

Mint, sitting in his office in Bengaluru’s Koramangala neighbourhood. In 2013, he co-founded Citrus Pay, another payments company, and sold it to Naspers-owned PayU in a cash deal worth $130 million in 2016. Rau decided to take the keys from Singh and joined Pine Labs as CEO in March 2020.

Ashneer Grover, founder of BharatPe and Third Unicorn, advocates for a streamlined hiring process centered around the principle of "hire fast, fire fast." Speaking on the podcast 'Limitless with Ishan Sharma,' Grover argued that traditional lengthy hiring procedures and prolonged notice periods waste valuable time and resources, ultimately hindering company growth. The Traditional Hiring Process: A Time Sink Grover criticizes the conventional approach to recruitment, which involves multiple rounds of interviews and extended notice periods. «What I have basically understood about hiring, and a lot of people don’t agree with this thought, it’s hire fast, fire fast,» Grover stated. He emphasized that the extensive time spent in hiring is often counterproductive, as candidates tend to be on their best behavior during interviews, making it difficult to gauge their true performance.

Ashneer Grover, co-founder of BharatPe and former 'Shark Tank India' judge, took to social media to share his thoughts on the 2024 Lok Sabha election results while visiting the Statue of Liberty in New York. His visit coincided with the announcement of the election outcomes. Grover posted a photo at the iconic monument and expressed his admiration for the Indian electorate.

₹80 crores before travelling to the United States. They must furnish the security by way of property and submit their Emirates Card to ensure they do not travel to the United Arab Emirates (UAE), as they hold “golden visas," as per Hindustan Times report.Also Read | Mahindra & Mahindra Financial Services share price Today Live Updates: Mahindra & Mahindra Financial Services Stock Up in Trading TodayThe court has allowed the couple to travel separately to the US for their children's summer school after consulting with the Economic Offences Wing regarding their travel conditions.Also Read | Tech Mahindra share price Today Live Updates: Tech Mahindra Stock Falls Amid Market VolatilityAccording to the Hindustan Times report, they must share details of their stay, including hotel accommodations, travel plans, and phone numbers, with the court and the investigating agencies.According to the court's schedule, Ashneer Grover will leave for the US on May 26 and return to India on June 14, while Madhuri Jain Grover will travel to the US on June 15 and return to India on July 1, as per the report in HT.Also Read | Apollo Tyres share price Today Live Updates: Apollo Tyres Stock Plummets in Trading TodayAdditionally, the court has directed the couple not to create any third-party rights on the shares of BharatPe that they hold.

Deep Kalra, Den Network's Sameer Manchanda and Ashish Gurnani of Assago group have joined the list of the prominent names who own apartments at TheCamellias by DLF in Gurgaon. While Ashish Gurnani and family and Deep Kalra has bought two apartments of 7,430 sq ft, Sameer Manchanda has bought 10,813 sq ft apartment, according to documents accessed through CRE Matrix, a real estate data analytics firm. The Camellias, launched less than a decade ago at Rs 22,500 per square foot, are currently selling at Rs 60,000-95,000 per square foot, depending on the floor and the interior work done by the seller. Simply put, a 7,400 square feet apartment bought bare shell in 2014 for Rs 16 crore is now nearly three times as much at Rs 45 crore.

Also Read: From ‘Hua to Hua’ to ‘Inheritance Tax’: 6 remarks by Sam Pitroda that put Congress on the back foot Explaining his take on ‘tax politics’ amid the tax inheritance row, Grover said in a post on social media platform ‘X’, ‘’You need to understand ‘Tax Politics’ in India. 8/140 crore file IT Return. 2/140 crore Indians pay Income Tax.

Zomato boss Deepinder Goyal is now the proud owner of India’s first Aston Martin DB12 sportscar. According to a News18 report, the billionaire became the owner of the new supercar. The car reportedly cost a whopping Rs 4.59 crore! Pictures of the car were shared by the social media handle of Automobili Ardent India on Instagram. “The very first Aston Martin DB12 in the country! Delivered via Aston Martin New Delhi, this stunner comes painted in Satin Aston Martin Racing Green. What a stunner this is under the sun," read the post. It has gained more than 3,000 likes. In the picture, the car appears to have a brilliant blue colour. Earlier, former ‘Shark Tank India’ judge and ex-BharatPe boss Ashneer Grover alluded to the Zomato chief’s fascination for four-wheelers saying that he would splurge on sportscars whenever his business ventures got funded. «I am passionate about cars and it's not just me, it's everyone. Jaise Zomato ka founder hain Deepinder, sabse zyada shauk usko tha. Jab bhi uska round raise hota tha uski nai sports car aa jati thi toh hum bade chidte the (Zomato founder Deepinder Goyal was obsessed with cars. He would buy a sports car every time he got a round of funding and we would get a bit annoyed because he would get to ride luxury cars),» he told in a podcast last year.

₹2 lakh for sharing inappropriate posts about Bharat Pe, despite giving assurance to the court that he wouldn't do so., Hindustan Times reported. HT noted that the court, however, dismissed Bharat Pe's plea to prohibit Ashneer Grover from posting defamatory content.

₹81-crore fraud at the fintech unicorn, on November 21, 2023, police sources told PTI. Earlier, Mint reported that the Economic Offences Wing (EOW) of Delhi Police, citing its investigation, has claimed that Grover and his family members used backdated invoices to siphon off funds.

Sam Altman after a review found he was “not consistently candid in his communications" with the board of directors. Reactions started pouring in from top leaders who came in support of Altman and praised him for his contribution to AI. Now, BharatPe's former co-founder and managing director Ashneer Grover also tweeted and compared Altman's firing situation to the one that happened with him in India.

BharatPe co-founder Ashneer Grover and his wife Madhuri Jain for questioning in connection with an alleged Rs 81-crore fraud at the fintech unicorn, police sources said on Friday. The couple has been asked to appear at the Economic Offences Wing's (EOW) Mandir Marg office on November 21 to join the probe being carried out on a complaint by BharatPe, the sources said.

BharatPe founder Ashneer Grover and his wife Madhuri Jain were stopped at the Indira Gandhi International Airport. Confirming the news, the former BharatPe MD took to X (formerly Twitter) to talk about the incident that happened on Thursday night. Grover and his wife were travelling to New York when the couple was stopped by the immigration officials. “I found it strange (being stopped at the airport) as have travelled 4 times internationally since FIR filed in May – never been a problem and I had not even been summoned once,” Grover said on X.

earlier this week reported that recruitment firms linked to BharatPe co-founder Ashneer Grover and his family members used backdated invoices to siphon off funds for work they never did for the fintech unicorn, according to an investigation by the EOW of Delhi Police. The probe agency also could not trace many firms to which BharatPe had made vendor payments.

BharatPe cofounder Ashneer Grover and his wife Madhuri Jain were stopped at the Indira Gandhi International Airport Thursday on the basis of a look-out circular (LoC) issued against the two. The couple was travelling to New York, sources in the know told ET. The LoC was opened against the two at the request of the Economic Offences Wing (EoW) of the Delhi Police. Earlier in May, the EOW registered an FIR against the couple and some other family members for alleged misappropriation of funds and causing losses worth Rs 81 crore to Resilient Innovations Private Limited, which runs BharatPe.

BharatPe’ , Sequoia (oh sorry they already wrapped up in India), 2 takke ke anpadh press vaale and ‘Twitter’ judges are gone! Mark my words!! (sic)," Grover said on X, formerly known as Twitter. Grover was expelled as the managing director of BharatPe in March 2022, after being accused by the company's board of extensive misappropriation of funds through his family members.

NEW DELHI : Recruitment firms linked to BharatPe co-founder Ashneer Grover and his family members used backdated invoices to siphon off funds for work they never did for the fintech unicorn, an investigation by the Economic Offences Wing (EOW) of Delhi Police found. The probe agency also could not trace many firms to which BharatPe had made vendor payments.