How much Ashneer Grover got from BharatPe?

BharatPe strips Ashneer Grover of co-founder tag, holds back his Rs 300 crore equity.

How much is Ashneer Grover stake in BharatPe?

Finally, his stake in BharatPe was distributed between Ashneer and Nakrani. Ashneer has 8.5 per cent stake in the company and Koladiya would be around 4 per cent of this figure, sources said.

Does Ashneer Grover have equity in BharatPe?

Grover currently holds roughly 8.5 per cent stake in BharatPe. Of this 1.4 per cent is not vested, according to the people quoted above.

How much does Ashneer own in BharatPe?

The arrangement involved him transferring his stake to Grover, Nakrani, Nakrani's father (also his erstwhile schoolteacher) and some angel investors. According to two people with knowledge of the arrangement, Koladiya still owns 5.75% of the company through equity held on his behalf by the other two co-founders.

Is Ashneer Grover billionaire?

With a personal net worth of over Rs 700 Crores, at the age of 40, Ashneer is one of India's youngest Billionaires.

Ashneer Grover's BharatPe SCAM Controversy Explained !

How much does Ashneer Grover get?

BharatPe strips Ashneer Grover of co-founder tag, holds back his Rs 300 crore equity.

Will Ashneer get money from BharatPe?

"The investors are not giving Rs 4,000 crore to Ashneer as he has demanded. They are not willing to buy his minority stake at this juncture when the governance review is on and the audit report, in all likelihood, is set to be submitted next week," a source noted.

Who got maximum BharatPe share?

Investor Sequoia Capital India is the largest shareholder in BharatPe with a 19.6 per cent stake, followed by Coatue at 12.4 per cent and Ribbit Capital at 11 per cent.

Did BharatPe remove Ashneer Grover?

Fintech platform BharatPe removed Ashneer Grover from all positions in the company on Wednesday (March 2). In a statement, the company accused Grover's family and relatives of engaging in extensive misappropriation of company funds.

Is BharatPe a loss?

The fintech unicorn also collected financial income of around 66 crore during the fiscal ended in March 2021. Gazing through the income statement, it appears that BharatPe's annual expenses have surged to Rs 1,804 crore, adding up to a loss of Rs 1619.22 crore during FY21.

Will Ashneer Grover get 4000 crore?

"The investors are not giving Rs 4,000 crore to Ashneer as he has demanded. They are not willing to buy his minority stake at this juncture when the governance review is on and the audit report, in all likelihood, is set to be submitted next week," a source noted.

Who is richest in Shark Tank India?

Is BharatPe really successful?

BharatPe is now a unicorn, the 19th unicorn startup in 2021, as reported on August 4, 2021, and is counted among the Top 5 most valued Fintech startups in India. The lending vertical of BharatPe has exponentially increased over the last 1.5 years.

Is BharatPe better than Google pay?

BharatPe topples Google Pay in merchant UPI payment acceptance space. In a significant achievement, merchant payments firm BharatPe has toppled Google Pay to become #3 in UPI P2M. The company has recorded Rs 3,334 crores (US$ 479 million) in transaction value for the month of November, displacing Google Pay from the No ...

Is BharatPe is profitable?

In addition to its losses for the period, BharatPe saw a loss of Rs 1,342 crore due to a change in the fair value of Compulsorily Convertible Preference Shares (CCPS), as compared to Rs 705 crore in FY20. This takes the total losses for the year to Rs 2,961 crore.

Is BharatPe government app?

Resilient Innovations Private Limited (“BharatPe”) is a private company limited engaged in the business of facilitating a suite of financial services to merchants through its digital platform, on software as a service model, and providing other value-added services to such merchants.

Is BharatPe bigger than PhonePe?

BharatPe is a billion-dollar company with a valuation of close to USD 1 billion whereas PhonePe is already in the billion-dollar club.

Is BharatPe a startup?

The issue has come to prominence due to the governance related matters of BharatPe, a phenomenal financial technology or fintech startup, that pushed the creation of unified QR codes for UPI based payment acceptance, and forced the QR code-based payment framework to make payment acceptance free for merchants.

How is BharatPe making money?

The company also has PoS machines for merchants to accept card payments. However, payments earn thin margins for the company. The company's revenues come from its merchant and consumer-lending products. Its BNPL product PostPe clocked in a TPV of $321 million within three months of its launch in October 2021.

How does 12% Club make money?

With 12% Club, available on Google Play Store and Apple App Store, consumers will have an option to invest and earn up to 12 per cent annual interest or borrow at a competitive interest rate of 12 per cent. BharatPe has partnered with the RBI-approved NBFCs to offer these services to consumers.

How much is BharatPe worth?

Talking about Ashneer Grover, As per a report in GQ India, Ashneer Grover, the Managing Director and Co-Founder of BharatPe, is estimated to have a net worth of Rs 700 crores. Among the other judges of the show, he is the richest one. Grover also possesses some luxurious cars.