Who are BharatPe investors?

The company's key investors are Sequoia Capital that has nearly 19.6 per cent stake, Coatue has 12.4 per cent stake, Ribbit Capital has 11 per cent, and Beenext 9.6 per cent stake, among others. "The investors are not giving Rs 4,000 crore to Ashneer as he has demanded.

Who has highest share in BharatPe?

Sequoia Capital India is among the largest shareholders in BharatPe with almost 20% in the firm. Other investors include Insight Partners and Ribbit Capital – which hold around 10% each – Coatue, and others.

Is BharatPe a private company?

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.

Who is Suhail Sameer?

Suhail Sameer is a well-known personality around the world. He is the chief executive officer of BharatPe.

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.

How Ashneer Grover's GENIUS STRATEGY turned Bharatpe into a $2.8 Billion company?

How much Ashneer Grover got from BharatPe?

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

Is Ashneer Grover a billionaire?

One Of India's Richest Billionaires

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

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.

What is BharatPe business model?

The BharatPe revenue model depends on providing its consumers with a digital payments platform and also has got a separate app for its merchant friends where the company credits them for their transactions digitally as mentioned above. It actually sails for providing credits to the merchants with cheaper interests.

Who is Bhavik Koladiya?

Bhavik Koladiya is the Co-Founder and Group Head of Product & Technology at BharatPe.

Who removed Ashneer Grover?

Fintech platform BharatPe on Thursday removed Ashneer Grover's profile and photo from its website after the company accused him, along with his wife Madhuri Jain, of allegedly engaged in extensive misappropriation of company funds and grossly abusing company money to fund their lavish lifestyles.

Why did Ashneer Grover leave Bharat?

Grover resigned minutes after receiving the agenda for the upcoming board meeting which was to include the findings of the PWC report regarding his conduct and considering actions based on it. Grover said that he is now wasting himself “fighting a long, lonely battle" against his own investors and management.

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.

How BharatPe earns 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.

Why is Ashneer Grover not CEO?

A day after Ashneer Grover resigning from BharatPe, the company's board said that he is no longer an employee, a founder, or a director of the fintech firm. “As a result of his misdeeds, Mr. Grover is no longer an employee, a founder, or a director of the company," the board said in a statement.

Who is bigger MD or CEO?

Hierarchy. The CEO is at the highest position in a company. They head C-level members such as the COO, CTO, CFO, etc. They also rank higher than the vice president and many times, the Managing Director.