Business Leadership Start-up Stories

Ashneer Grover to hire-legal firm to protect shareholding in BharatPe, as board investigation underway

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Grover has purportedly employed law office Karanjawala and Co. to ‘defend his position and keep his shareholding unblemished if there should arise an occurrence of being removed from the organization. Grover claims 9.5% of BharatPe, other larger part partners incorporate Sequoia Capital with a 19.6% stake, Beenext (9.6%),  Coatue (12.4%), Ribbit Capital (11%), among others.

The startup’s issues with its founding member came to  light when an audio clip of Ashneer Grover purportedly compromising and loudly mishandling a Kotak Mahindra Bank representative became a web sensation. Grover is hoping to keep his 9% stake in the $2.8-billion organization despite an expected ouster from the fintech company. BharatPe had recently declared that it would lead an interior review and financial investigation in the light of financial inconsistencies.

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