BharatPe Controversy is on peak now. Fame to demise in a few months! Following Ashneer Grover’s fall. From being a well-known TV personality to at odds in a dispute with BharatPe official, Ashneer Grover got mired in numerous controversies over the past several months.
BharatPe founder Ashneer Grover has resigned as managing director and director of the board, the payments startup announced on Tuesday. In a harsh resignation note, Grover cited reasons for his decision to leave the BharatPe board, while he did not mince words to smack at officials who allegedly targeted him.
From being well-known TV star to at odds in a dispute with BharatPe representatives, Grover got mired in numerous controversies during the last several months. BharatPe controversy is a bit on a peak.
BharatPe controversy is goin on. BharatPe that permits shop owners to make digital payments via QR codes was founded by Grover in the year 2018. When BharatPe began to enter the UPI space and began competing in the UPI space with Paytm, PhonePe and GooglePay, Grover was projected as one of the faces of entrepreneurship in India.
However, his rise to the popularity meter chart was in large part due to his appearance on Shark Tank India, a reality TV show. Shark Tank India. He did not only earn quite a flamboyant reputation as a netizen, but also a lot of people began to follow his Twitter account.
When social media was filled by Shark Tank India memes featuring Grover, Ashneer became a household name.
Fame’s fleeting nature usually stings, and it is a sign that the end of the rainbow fast when the reality hits.
The post-television experience has not been easy for Grover because the wife of his Madhuri Jain was fired by BharatPe because of accusations of financial irregularities as well as money siphoning.
Bharatpe controversy-In the wake of the resignation of Grover, his petition to stop an investigation by the board was denied by the Singapore International Arbitration Centre (SIAC).
Then, at the end of the evening, Grover announced that he left with his head high, despite the ridicule of his persona in the public realm.
Here’s a short story of the life of Ashneer Grivel.
Grover in his well-written resignation letter, stated that he was an Indian Institute of Technology (IIT)-Delhi and Indian Institute of Management (IIM)in the form of an Ahmedabad alumni.
Grover worked for Kotak Investment banking, American Express, Grofers, PC Jeweller Limited prior to co-founding Bharat Pe.
PUBLIC ROW KOTAK MAHINDRA Bank
One of the biggest controversies involving Grover became public after an open dispute between him and Kotak Mahindra Bank over his personal investments.
BharatPe has been under intense media and investor scrutiny ever since Grover demanded damages from the bank’s chief Uday Kotak. He claimed Kotak Mahindra Bank declined financing for an investment made by a private person.
The bank, in turn, has claimed in its legal documents that Grover employed “foul” and abusive words towards its employees. The bank also took the decision to pursue legal actions against Grover.
BHARATPE SITS BACK
BharatPe announced that Grover was fired after receiving an agenda for the upcoming board meeting which also included the present an audit from an external auditor on his conduct, as reported by Reuters.
“The board has the power to decide to take action according to the findings of the report,” the company said. BharatPe did not provide further details on the conclusions from the review.
BharatPe’s announcement suggests that a resignation might not be a relief for Grover who will be known as the controversy’s most beloved child.