Shark Tank Shark Tank's Indian host Ashneer Grover landed in controversy in the last month after an audiotape of him where he's accused of threatening and hurling abuse at the Kotak Mahindra Bank employee, was released. Ashneer has denied all allegations and said the company he works for will be BharatPe in exchange for investors giving him the sum of Rs4,000 crore.
After the release of the audiotape in the last one month ago, Ashneer declared it to be fake audio recorded by a fraudster seeking to steal money." The statement that was made in a tweet that was later removed by Ashneer. Now, legal actions are being taken by Kotak Mahindra Bank against Ashneer for “inappropriate language” used against their employees.
In a recent conversation with Money Control, Ashneer has stated that he will quit his employer only after an individual investor purchases out his 9.5 percent stake in the company.
Also read: Dunzo Raises $240 Million Led by Reliance Retail
Ashneer stated, I am the MD and I run the company. If the board decides that I'm not needed to be the MD, and somebody else should be the CEO of the business, then please place my Rs 4,000 crore on the market and get the keys off my hands. If you're looking to purchase me, you would like to purchase me at the fair market value you think it is, right? According to me, a fair value would be about $6 billion.
After the alleged audio making rounds on the internet, Ashneer is on a voluntary leave from his duties on BharatPe until March-end. Similarly, last week, Ashneer’s wife - Madhuri Grover - also went on a voluntary leave for a vacation.
About Ashneer Grover
Ashneer, an IIM alumni, worked as an executive vice president at Kotak Mahindra Bank, after which Ashneer was hired by American Express. Later, Ashneer went on to co-found both Grofers and BharatPe.
You may also like: boAt's Revenue Exceeds Rs.1,500 Cr
About BharatPe
BharatPe is an Indian fintech firm that caters to small-sized merchants and owners of kirana stores in India. It offers a wide range of fintech solutions, including interoperable QR codes to facilitate UPI transactions, Bharat Swipe for card acceptance, as well as small business financing. BharatPe’s revenue for fiscal 2021 jumps over six times to Rs 700 crore. BharatPe’s valuation was $3 billion last year when it raised $370 million from Tiger Global, Coatue and others. BharatPe’s net worth today is around $6 billion.
Subscribe to Entrackr’s newsletter to get all the updates on Bharatpe and other latest startup news.
No comments:
Post a Comment