Ashneer Grover, the managing director of BharatPe, resigned from the company and the board of directors on Tuesday. Ashneer Grover, a contestant on Star Plus’ business reality show Shark Tank India, resigned just days after his wife Madhuri Jain Grover, the company’s head of controls, was fired.
Ashneer Grover revealed the reason for his resignation in a recent interview, as well as why his wife was sacked from the organization. For the uninitiated, Ashneer was in hot water last year after an audio clip of him allegedly abusing a Kotak Mahindra employee appeared online. He vehemently disputed all of the charges leveled against him.
Last week, the BharatPe board sacked Ashneer’s wife and company’s controlling head Madhuri Jain Grover, on charges of misappropriation of funds.
BharatPe was founded in 2018 by Ashneer Grover and Shashwat Nakrani, and the company has been the biggest growth story in the fintech sector. The company’s list of investors includes Tiger Global, Dragoneer Investment Group, Steadfast Capital, Cotu Management, Ribbit Capital, Insight Partners, Steadview Capital, Binext, Amplo and Sequoia Capital.
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