BharatPe and YES Bank introduce BharatPe Flex, a new credit-on-UPI service. This facility allows eligible ...More

BharatPe and YES Bank introduce BharatPe Flex, a new credit-on-UPI service. This facility allows eligible users to make UPI payments even without immediate funds. Customers enjoy up to 45 days of interest-free credit. They can repay in full or opt for flexible EMIs from 3 to 12 months. ...Less

Gurugram's TrueFan AI secured $10 million, valuing it at $40 million, to fuel its AI-generated video plat ...More

Gurugram's TrueFan AI secured $10 million, valuing it at $40 million, to fuel its AI-generated video platform. Serving over 100 enterprises like HDFC Bank and Zomato, the startup creates personalized videos at scale using celebrity and business leader avatars. This funding will drive international expansion and enhance real-time video AI agent development. ...Less

Indian startup leaders are in the UK this week to boost AI and technology partnerships. The Startup Polic ...More

Indian startup leaders are in the UK this week to boost AI and technology partnerships. The Startup Policy Forum's 'UK Startup Safari' aims to move the India-UK innovation corridor to action. UK Minister Kanishka Narayan highlighted the potential for new jobs and opportunities. This visit coincides with the upcoming India-UK Comprehensive Economic and Trade Agreement implementation. ...Less

Israeli observability platform Coralogix is significantly expanding its operations in India, a key growth ...More

Israeli observability platform Coralogix is significantly expanding its operations in India, a key growth market, as enterprises adopt AI-driven digital infrastructure. The company, which has raised $200 million in new funding, aims to make India its most important office outside Israel and the US, leveraging the country's massive scale and advanced tech ecosystem. ...Less

Sadev Ventures welcomes Ishan Kansal as cofounder and managing partner. Kansal will be based in Bengaluru ...More

Sadev Ventures welcomes Ishan Kansal as cofounder and managing partner. Kansal will be based in Bengaluru, marking the firm's plan for a second Indian office. This appointment coincides with Sadev Ventures' growth phase, aiming for Rs 1,000 crore in funds under management. ...Less

NPCI is developing a unified, interoperable soundbox system for UPI transactions, aiming to eliminate the ...More

NPCI is developing a unified, interoperable soundbox system for UPI transactions, aiming to eliminate the need for merchants to use multiple devices. This move could significantly reduce costs for small businesses and streamline payment confirmations across all apps, fostering greater efficiency in the digital payments ecosystem. ...Less

India's leading fintech firms, once disruptors, are now actively seeking regulatory licenses to ensure su ...More

India's leading fintech firms, once disruptors, are now actively seeking regulatory licenses to ensure sustainable growth. Companies like PB Fintech, Mobikwik, and Paytm are pursuing multiple licenses across payments, lending, and wealth management. This strategic shift allows them to manage the entire customer lifecycle and capture greater revenue, driven by regulatory nudges and investor confidence in licensed operations. ...Less

Happy Monday! Uber CEO Dara Khosrowshahi sat down with ET to discuss the company’s ambitions in (and for) ...More

Happy Monday! Uber CEO Dara Khosrowshahi sat down with ET to discuss the company’s ambitions in (and for) India, among other things. This and more in today’s ETtech Morning Dispatch. ...Less

India's digital precious metals industry has launched the Digital Precious Metals Assurance Council of In ...More

India's digital precious metals industry has launched the Digital Precious Metals Assurance Council of India (DPMACI), a self-regulatory body aimed at bolstering consumer protection. Chaired by Nirupama Soundararajan, the council will enforce operational and governance standards, including 1:1 physical backing verification and insured vaulting, to enhance trust in the growing digital gold and silver ecosystem. ...Less

Embedded insurance is expanding in ecommerce and fintech, with payment and online retail platforms bundli ...More

Embedded insurance is expanding in ecommerce and fintech, with payment and online retail platforms bundling protection for merchants. Startups like Riskcovry and Assurekit leverage data analytics to offer customised products, addressing risks like return-to-origin and fraudulent orders, and improving premium pricing. ...Less

Happy Tuesday! Amazon's late but strong push into quick commerce is unsettling market leader Blinkit. Thi ...More

Happy Tuesday! Amazon's late but strong push into quick commerce is unsettling market leader Blinkit. This and more in today's ETtech Morning Dispatch. ...Less

Nakrani said he will move from a day-to-day role to a strategic advisor and board director from May 1, co ...More

Nakrani said he will move from a day-to-day role to a strategic advisor and board director from May 1, continuing to guide fundraising, IPO, M&A, and long-term strategy. Sources said he is likely to start a new venture. ...Less

UGRO Capital has halted new loans in its low-yield, DSA-led book, a strategic pivot aimed at boosting pro ...More

UGRO Capital has halted new loans in its low-yield, DSA-led book, a strategic pivot aimed at boosting profitability. This move, involving significant cost cuts and exiting a business model that offered thin margins, is expected to drive higher yields and eliminate future shareholder dilution. The company is now focusing on MSME lending and merchant partnerships. ...Less

Happy Tuesday! TCS COO Aarthi Subramanian will head the investigation into a sexual harassment case at it ...More

Happy Tuesday! TCS COO Aarthi Subramanian will head the investigation into a sexual harassment case at its Nashik unit. This and more in today's ETtech Morning Dispatch. ...Less

He will focus on driving merchant adoption, strengthening distribution, and scaling the company's offline ...More

He will focus on driving merchant adoption, strengthening distribution, and scaling the company's offline payments ecosystem. ...Less

With this, there are now two apps available in the public domain: BharatPe (earlier postpe), and BharatPe ...More

With this, there are now two apps available in the public domain: BharatPe (earlier postpe), and BharatPe for Business. ...Less

Part of the shares held by Ashneer Grover will be transferred to the Resilient Growth Trust for the benef ...More

Part of the shares held by Ashneer Grover will be transferred to the Resilient Growth Trust for the benefit of the company and remaining shares will be managed by his family trust. Confirming the development, Grover said in a statement, “I will no longer be associated with BharatPe in any capacity, nor be part of the capital table. My remaining shares will be managed by my Family Trust. Both parties have decided not to pursue the cases filed. I hope BharatPe continues to grow and succeed for the benefit of all its stakeholders.” ...Less

In addition to informing the court that Grover’s posts have been removed, the BharatPe cofounder's counse ...More

In addition to informing the court that Grover’s posts have been removed, the BharatPe cofounder's counsel said his client would abide by the court’s previous directive. ...Less

BharatPe has raised over $650 million in equity and debt, till date. Its investors include Tiger Global, ...More

BharatPe has raised over $650 million in equity and debt, till date. Its investors include Tiger Global, Dragoneer Investment Group, Steadfast Capital, Coatue Management, Ribbit Capital and others. ...Less

Earlier this week, Economic Offences Wing (EOW) of the Delhi Police, in a status report to the Delhi High ...More

Earlier this week, Economic Offences Wing (EOW) of the Delhi Police, in a status report to the Delhi High Court, said there were discrepancies in vendor invoices putting the focus back on the long-drawn saga between the Grovers and BharatPe, which started in January 2022, with both sides fighting a bitter and public battle in court. ...Less

Fintech startup BharatPe and cofounder Ashneer Grover have resolved their ongoing dispute. As part of the ...More

Fintech startup BharatPe and cofounder Ashneer Grover have resolved their ongoing dispute. As part of the settlement, Grover will no longer be associated with BharatPe in any capacity, and his shares will be transferred to a family trust. Both parties have agreed to drop all legal cases against each other. ...Less

On Wednesday, the tribunal heard arguments on the quantum of stake Ashneer Grover, who is also the founde ...More

On Wednesday, the tribunal heard arguments on the quantum of stake Ashneer Grover, who is also the founder of BharatPe, holds in the company. ...Less

Ashneer Grover, who had also co-founded BharatPe, claimed that as the comments are switched off, BharatPe ...More

Ashneer Grover, who had also co-founded BharatPe, claimed that as the comments are switched off, BharatPe investors are not able to get feedback from customers. ...Less

Both PhonePe and BharatPe are leading players on the Unified Payments Interface (UPI) platform. ...More

Both PhonePe and BharatPe are leading players on the Unified Payments Interface (UPI) platform. ...Less

"BharatPe, through its legal firm, Shardul Amarchand Mangaldas has appointed Alvarez and Marsal, a leadin ...More

"BharatPe, through its legal firm, Shardul Amarchand Mangaldas has appointed Alvarez and Marsal, a leading management consultant and risk advisory firm to advise the Board on its recommendations," the company said. ...Less

BharatPe, in a release, said its financial performance for the fiscal year 2023, showcased substantial gr ...More

BharatPe, in a release, said its financial performance for the fiscal year 2023, showcased substantial growth and strategic advancements across key business segments. ...Less

The audit will assess if BharatPe's senior executives are making proper internal disclosures about person ...More

The audit will assess if BharatPe's senior executives are making proper internal disclosures about personal investments and check for conflicts, leading to a new code of conduct. ...Less

Besides Suhail Sameer, Ousted BharatPe cofounder Ashneer Grover also targeted Shashvat Nakrani and asked ...More

Besides Suhail Sameer, Ousted BharatPe cofounder Ashneer Grover also targeted Shashvat Nakrani and asked him to 'man up and take care of the business'. ...Less

Rajnish Kumar, In his role as BharatPe chairman, will be involved in formulating the firm’s short-term an ...More

Rajnish Kumar, In his role as BharatPe chairman, will be involved in formulating the firm’s short-term and long-term strategy, as well as work closely with the board and executives on regulatory matters. ...Less

Nalin Negi appointed CEO of BharatPe, focusing on empowering MSMEs. With experience in SBI Card and GE Ca ...More

Nalin Negi appointed CEO of BharatPe, focusing on empowering MSMEs. With experience in SBI Card and GE Capital, Negi aims for growth after Suhail Sameer's exit. Board chairman expresses confidence in Negi's leadership. ...Less

Indian fintech firm BharatPe has launched BharatPe One, an all-in-one payment product that integrates a p ...More

Indian fintech firm BharatPe has launched BharatPe One, an all-in-one payment product that integrates a point of sale (POS), QR code, and speaker into one device. The product will be launched in 100 cities in the first phase and 450 cities over the next six months. BharatPe One offers versatile payment options, including QR code, tap-and-pay, and traditional card payment. ...Less

This came a day after Suhail Sameer responded to a post on professional networking platform, Linkedin whe ...More

This came a day after Suhail Sameer responded to a post on professional networking platform, Linkedin where he alleged that Grover “stole money” from BharatPe. ...Less

BharatPe aims to facilitate investments for more than 20 lakh merchant partners over the next 12 months v ...More

BharatPe aims to facilitate investments for more than 20 lakh merchant partners over the next 12 months via the new platform, it said. ...Less

The meeting, which was already pre-decided by BharatPe board members, is expected to happen on Tuesday ev ...More

The meeting, which was already pre-decided by BharatPe board members, is expected to happen on Tuesday evening, and will go till late in the night. ...Less

Digital payments app BharatPe has acquired 100% of Payback India, a multi-brand loyalty programme, from A ...More

Digital payments app BharatPe has acquired 100% of Payback India, a multi-brand loyalty programme, from American Express and ICICI Investments Strategic Fund for an undisclosed amount. ...Less

BharatPe, the fintech once mired in lawsuits and boardroom drama, is on the verge of a turnaround. Source ...More

BharatPe, the fintech once mired in lawsuits and boardroom drama, is on the verge of a turnaround. Sources told us the company expects to post its first annual profit this fiscal, signalling a clean break from its turbulent past. Over the past two years, BharatPe has tightened its belt and pushed revenue growth, turning the business cash-positive month on month. ...Less

Without giving out the actual number, BharatPe in a statement said the financial milestone was attributed ...More

Without giving out the actual number, BharatPe in a statement said the financial milestone was attributed to consistent growth across all business lines. ...Less

Koladiya’s contract has not been renewed, according to two people who were aware of the discussions. He w ...More

Koladiya’s contract has not been renewed, according to two people who were aware of the discussions. He was removed from BharatPe’s cap table after being convicted of credit card fraud in the US in 2015. ...Less

This is the third legal action by BharatPe against Grover this week in an ongoing battle where the fintec ...More

This is the third legal action by BharatPe against Grover this week in an ongoing battle where the fintech firm has also filed a civil suit at the Delhi High Court and a criminal complaint with the Economic Offences Wing (EOW). ...Less

“I’ve been relentlessly at work building up BharatPe for almost 4 years. After much deliberation and intr ...More

“I’ve been relentlessly at work building up BharatPe for almost 4 years. After much deliberation and introspection, I plan to take a temporary leave of absence from BharatPe till March-end," Ashneer Grover said. ...Less

The legal battle began in 2018 when PhonePe issued a legal notice to BharatPe, asking the latter to stop ...More

The legal battle began in 2018 when PhonePe issued a legal notice to BharatPe, asking the latter to stop using 'Pe' in Devanagari script in their brand name. ...Less

Grover also recently wrote an email to the company board on the issue of Koladiya’s alleged stake in the ...More

Grover also recently wrote an email to the company board on the issue of Koladiya’s alleged stake in the firm, asking the board to remove him immediately from the company, failing which he must write to the Reserve Bank of India (RBI) to revoke BharatPe's banking license and applied payment aggregator license. ...Less

Jain, wife of BharatPe cofounder Ashneer Grover, had overseen finances at the $2.8 billion company since ...More

Jain, wife of BharatPe cofounder Ashneer Grover, had overseen finances at the $2.8 billion company since October 2018. ...Less

In its statement on Wednesday, BharatPe said that as a result of Ashneer Grover’s misdeeds he was no long ...More

In its statement on Wednesday, BharatPe said that as a result of Ashneer Grover’s misdeeds he was no longer an employee, founder, or director of the company. ...Less

BharatPe said it was introducing a new vendor procurement policy to mitigate any risk of employees indulg ...More

BharatPe said it was introducing a new vendor procurement policy to mitigate any risk of employees indulging in suspicious transactions to enrich themselves, adding that it has terminated the services of several employees in departments who were directly involved with blocked vendors. ...Less

The story of how BharatPe, a three-year-old fintech startup, partnered 44-year-old NBFC Centrum Finance t ...More

The story of how BharatPe, a three-year-old fintech startup, partnered 44-year-old NBFC Centrum Finance to acquire a banking licence and make a play for the troubled PMC Bank has more to it than meets the eye. ...Less

The Grovers are being probed in connection with a complaint filed by BharatPe with the Economic Offences ...More

The Grovers are being probed in connection with a complaint filed by BharatPe with the Economic Offences Wing of the Delhi Police, which had registered a first information report against the couple and their family members. ...Less

Bahl played a crucial role in the restructuring of the organisation post the exit of Grover. He had joine ...More

Bahl played a crucial role in the restructuring of the organisation post the exit of Grover. He had joined the company in 2020 as the head of operations Before joining BharatPe, he worked across organizations such as Airtel Payments Bank, Paytm Bank and Fortis Healthcare. ...Less

Responding to the post, Grover wrote: "Folks please look into this. Not done — their salaries have to be ...More

Responding to the post, Grover wrote: "Folks please look into this. Not done — their salaries have to be paid first before anything," tagging head of financial control at BharatPe Hersimran Kaur and Sameer. His sister, Aashima Grover, also joined in, calling BharatPe's top management a "shameless bunch". ...Less

Last week, Dhruv Dhanraj Bahl, former COO of BharatPe - who was recently reassigned as the CBO - for the ...More

Last week, Dhruv Dhanraj Bahl, former COO of BharatPe - who was recently reassigned as the CBO - for the company's merchant lending division, stepped down. ...Less

Prior to joining BharatPe, Goel was the head of payments engineering at payments infrastructure provider ...More

Prior to joining BharatPe, Goel was the head of payments engineering at payments infrastructure provider Razorpay. ...Less

BharatPe restructured senior management, appointing Sandeep Indurkar as CEO of payment vertical for Resil ...More

BharatPe restructured senior management, appointing Sandeep Indurkar as CEO of payment vertical for Resilient Payments Pvt Ltd. Rijish Raghavan now handles device business, and Kohinoor Biswas leads Zillion, achieving operational profit in October 2023. ...Less

ET has learnt through multiple sources that there was confusion between board members and BharatPe’s top ...More

ET has learnt through multiple sources that there was confusion between board members and BharatPe’s top management relating to Jain’s resignation. Managing director Grover offered the resignation of Jain, who reported to him, at a board meeting on January 19, several people told ET. ...Less

A Bharatpe employee in a Linkedin post had raised the matter of termination of administrative staff and n ...More

A Bharatpe employee in a Linkedin post had raised the matter of termination of administrative staff and non-payment of salaries, which attracted responses from Grover and CEO Sameer. In response to a comment by a social media account in the name of Aashima Grover, Sameer said "Behen- tere bhai ne saara paisa chura liya (Sister, your brother has stolen all the money). Very little left to pay salaries". ...Less

Pankaj Goel, chief technology officer of BharatPe, resigned citing personal reasons. He joined in July 20 ...More

Pankaj Goel, chief technology officer of BharatPe, resigned citing personal reasons. He joined in July 2023 and is currently serving his notice period. This exit follows other senior leadership departures. BharatPe received RBI authorisation to operate as an online payment aggregator. The company plans to launch mutual funds and insurance products. BharatPe is also considering a public listing in the future. ...Less

BharatPe, a merchant payments startup, has been distributing flyers and pamphlets showing Paytm with Chin ...More

BharatPe, a merchant payments startup, has been distributing flyers and pamphlets showing Paytm with Chinese flags and PhonePe with US flags, implying it's the only 'Bharatiya' or 'Indian' company. ...Less

With founder Ashneer Grover and wife Madhuri Jain exiting BharatPe’s management following allegations of ...More

With founder Ashneer Grover and wife Madhuri Jain exiting BharatPe’s management following allegations of financial irregularities, the company is in search for a permanent CFO and Kumar said the process was in an “advanced stage”. ...Less

Over the last year, BharatPe has seen a top-level exodus in senior management with Nehul Malhotra, head o ...More

Over the last year, BharatPe has seen a top-level exodus in senior management with Nehul Malhotra, head of buy-now-pay-later product, PostPe; Vijay Aggarwal, chief technology officer; Rajat Jain, chief product officer for lending and consumer products, and Geetanshu Singla, vice president, technology, resigning from the startup. ...Less

BharatPe’s investment in an NBFC comes at a time when several fintechs are looking at bolstering their pr ...More

BharatPe’s investment in an NBFC comes at a time when several fintechs are looking at bolstering their presence in the segment. ...Less

BharatPe facilitated over Rs 3,600 crore in loans in Q1 FY23, growing 112% over the last quarter. ...More

BharatPe facilitated over Rs 3,600 crore in loans in Q1 FY23, growing 112% over the last quarter. ...Less

Steadview’s interest in BharatPe comes at a time when merchant-focused fintech companies like Open and Ra ...More

Steadview’s interest in BharatPe comes at a time when merchant-focused fintech companies like Open and Razorpay have raised fresh capital from investors like Tiger Global and Ribbit Capital. ...Less

BharatPe founder Ashneer Grover's wife Madhuri Jain Grover has gone on leave, and with the company undert ...More

BharatPe founder Ashneer Grover's wife Madhuri Jain Grover has gone on leave, and with the company undertaking an independent audit, there could be governance-related issues at BharatPe that could now come to the fore. ...Less

Earlier this year, BharatPe had raised over Rs 300 crore from venture debt funds (Alteria Capital, InnoVe ...More

Earlier this year, BharatPe had raised over Rs 300 crore from venture debt funds (Alteria Capital, InnoVen Capital and Trifecta Capital), banks (ICICI Bank and Axis Bank) and NBFC (Northern Arc Capital). ...Less

"BharatPe is coming up with a state-of-the-art tech-hub in Delhi to house its expanded product and techno ...More

"BharatPe is coming up with a state-of-the-art tech-hub in Delhi to house its expanded product and technology team. The company plans to hire over 75 engineers and project managers this year and thereby expand its tech team," a statement said. ...Less

In response to the accusations laid out by Ashneer Grover, Rajnish Kumar in an internal communication sai ...More

In response to the accusations laid out by Ashneer Grover, Rajnish Kumar in an internal communication said that the allegations were ‘completely’ baseless and that he has no intention to continue on BharatPe’s board. ...Less

The exodus of top-level talent from the company continues as Nishant Jain, chief business officer, Prasha ...More

The exodus of top-level talent from the company continues as Nishant Jain, chief business officer, Prashant Gagneja, vice president of organised trade (mid-sized retailers) and Ashish Aggarwal, vice president in charge of user growth have left. ...Less

This debt funding is part of the Rs 250 crore that BharatPe is looking to raise in this funding round, Al ...More

This debt funding is part of the Rs 250 crore that BharatPe is looking to raise in this funding round, Alteria Capital says. The company has raised $142.5 million till date through various equity and debt rounds. ...Less

BharatPe, last week, announced that it had achieved operational profitability after excluding the employe ...More

BharatPe, last week, announced that it had achieved operational profitability after excluding the employee stock ownership plan. The company is backed by many marquee investors, including Peak XV, Tiger Global, Beenext, Steadfast Capital, and Ribbit Capital. ...Less

A&M’s initial investigation showed that Jain and other family members were allegedly involved in financia ...More

A&M’s initial investigation showed that Jain and other family members were allegedly involved in financial irregularities at BharatPe, ET reported on February 4. ...Less

BharatPe has been looking for a CFO and earlier appointed an Alvarez & Marsal (A&M) executive as interim ...More

BharatPe has been looking for a CFO and earlier appointed an Alvarez & Marsal (A&M) executive as interim CFO. ...Less

"For now, the board has accepted Ashneer Grover's decision, which we agree is in the best interests of th ...More

"For now, the board has accepted Ashneer Grover's decision, which we agree is in the best interests of the company, our employees and investors, and the millions of merchants we support each day,” BharatPe said in a statement. ...Less

This comes as the company has been looking to rekindle its relationship with Unity Bank after a tumultuou ...More

This comes as the company has been looking to rekindle its relationship with Unity Bank after a tumultuous period marked by the departure of BharatPe cofounder Ashneer Grover last year, and the subsequent efforts to strengthen the board and corporate governance practices. ...Less

BharatSwipe contributes over 20% to the overall payments transaction processed value of the company annua ...More

BharatSwipe contributes over 20% to the overall payments transaction processed value of the company annually. BharatPe has an installed base of close to 2 lakh PoS machines across more than 250 cities in the country. ...Less

It is also planning to apply for its own lending licence to lend to merchants who are accepting payments ...More

It is also planning to apply for its own lending licence to lend to merchants who are accepting payments through BharatPe QR codes. ...Less

The development comes after BharatPe’s board met on Tuesday evening, with the final report of the probe t ...More

The development comes after BharatPe’s board met on Tuesday evening, with the final report of the probe tabled in front of them. ...Less

The board statement comes amid reports that Alvarez & Marsal has found fraudulent transactions at BharatP ...More

The board statement comes amid reports that Alvarez & Marsal has found fraudulent transactions at BharatPe during a preliminary probe. Ashneer Grover’s wife Madhuri Jain is under the scanner as well. ...Less

Former BharatPe Co-founder and Managing Director Ashneer Grover on Saturday claimed that his book "Doglap ...More

Former BharatPe Co-founder and Managing Director Ashneer Grover on Saturday claimed that his book "Doglapan" created panic among BharatPe executives and this is the reason the fintech company had apparently filed several cases against him, including an over Rs 88.6 crore fraud case. ...Less

BharatPe has said that partnering Centrum Finance in a new bank, as part of the PMC Bank rescue, will ena ...More

BharatPe has said that partnering Centrum Finance in a new bank, as part of the PMC Bank rescue, will enable it to provide a tech platform for all fintechs. ...Less

BharatPe Chairman Rajnish Kumar allegedly showed early signs of "wanting control" and to "make money out ...More

BharatPe Chairman Rajnish Kumar allegedly showed early signs of "wanting control" and to "make money out of BharatPe", the fintech platform's former Co-founder and managing director Ashneer Grover has claimed in his book titled 'Doglapan'. ...Less

Bhavik Koladiya, who became a consultant during the early days of BharatPe — a company which he started — ...More

Bhavik Koladiya, who became a consultant during the early days of BharatPe — a company which he started — is said to have split his holding in the company between the other two cofounders, Ashneer Grover and Shashvat Nakrani ...Less

BharatPe has been under intense investor and shareholder scrutiny ever since Grover, in January 2022, sou ...More

BharatPe has been under intense investor and shareholder scrutiny ever since Grover, in January 2022, sought damages from Kotak Mahindra Bank managing director Uday Kotak, alleging that the lender refused him financing for a personal investment in omnichannel beauty retailer Nykaa’s initial public offering in November 2021. ...Less

Paisa Bolega is a button introduced in BharatPe App. This converts the shopkeeper's smartphone into a lou ...More

Paisa Bolega is a button introduced in BharatPe App. This converts the shopkeeper's smartphone into a loud speaker, announcing the value of transaction received. ...Less

Ashneer Grover said that from being celebrated as the face of Indian entrepreneurship he is now wasting h ...More

Ashneer Grover said that from being celebrated as the face of Indian entrepreneurship he is now wasting his time fighting a long, lonely battle against his own investors and management. Unfortunately, in this battle, the management has lost what is actually at stake – BharatPe, he said ...Less

On February 2, Ashneer Grover had informed BharatPe’s board that he was withdrawing his nomination of Sam ...More

On February 2, Ashneer Grover had informed BharatPe’s board that he was withdrawing his nomination of Sameer as a director, adding a new dimension to an already raging controversy. ...Less

The firm, which wants to become a full stack finserv player and is in the process to reduce its stake in ...More

The firm, which wants to become a full stack finserv player and is in the process to reduce its stake in Unity Small Finance Bank to abide by regulatory directions. The startup is also planning the launch of mutual funds and insurance as the next two major product lines said Nalin Negi, chief executive officer of BharatPe. ...Less

Grover, who resigned from BharatPe amid controversies on March 1 at midnight, asked for BharatPe’s manage ...More

Grover, who resigned from BharatPe amid controversies on March 1 at midnight, asked for BharatPe’s management information system which details the company’s business performance, but was rejected by Sameer, who claimed Grover was not defined as an investor in the company. ...Less

BharatPe has ramped up the reach of its POS business by 25X to over 250 cities in the last 12 months and ...More

BharatPe has ramped up the reach of its POS business by 25X to over 250 cities in the last 12 months and since the launch in the second half of 2020, the company has deployed more than 1.25 lakh BharatSwipe machines across offline shops, it added. ...Less

Kuppuswamy will be leading the risk portfolio across the BharatPe group of companies, including the merch ...More

Kuppuswamy will be leading the risk portfolio across the BharatPe group of companies, including the merchant and consumer businesses ...Less

"Post a successful FY22 that we closed with a 3 times growth in merchant loans, 2.5 times growth in payme ...More

"Post a successful FY22 that we closed with a 3 times growth in merchant loans, 2.5 times growth in payments and a 4 times jump in revenue, BharatPe has recorded its' best ever quarter in Q1, FY23," said Suhail Sameer, CEO, BharatPe. ...Less

The preliminary findings of the report by Alvarez and Marsal, dated January 24, said BharatPe pays recrui ...More

The preliminary findings of the report by Alvarez and Marsal, dated January 24, said BharatPe pays recruitment fees to a number of ‘consultants’ on employees recruited through them. ...Less

Fintech firm BharatPe has appointed Ajit Kumar as its new Chief Technology Officer, effective October 23, ...More

Fintech firm BharatPe has appointed Ajit Kumar as its new Chief Technology Officer, effective October 23, 2025. Kumar, who previously served as Senior Vice President of Engineering at Paytm, brings over 19 years of experience in fintech. He will be responsible for leading BharatPe's technology strategy and innovation. ...Less

Negi’s comments come at a time when BharatPe’s parent, Resilient Innovations, has filed a fresh case in t ...More

Negi’s comments come at a time when BharatPe’s parent, Resilient Innovations, has filed a fresh case in the Delhi High Court seeking an injunction against Grover to prevent him from divulging “confidential information” related to the company. ...Less

Negi will spearhead the finance function for New-Delhi based BharatPe and will help make it Ebitda-positi ...More

Negi will spearhead the finance function for New-Delhi based BharatPe and will help make it Ebitda-positive by March 2023, the company said in a statement on Wednesday. ...Less

Fintech platform BharatPe paid a salary of Rs 1.69 crore to its Co-founder and managing director Ashneer ...More

Fintech platform BharatPe paid a salary of Rs 1.69 crore to its Co-founder and managing director Ashneer Grover in FY22, while his wife Madhuri Jain Grover who was former head of controls at the company took home Rs 63 lakhs. ...Less

BharatPe confirmed receipt of the notice and in a reply to ET’s questions, said it is related to an inqui ...More

BharatPe confirmed receipt of the notice and in a reply to ET’s questions, said it is related to an inquiry that started in 2022. The Registrar or Companies, an arm of the ministry, has sought additional information in a letter to the company, a spokesperson said. ...Less

In his resignation letter, sent to BharatPe's board, Ashneer Grover accused its investors of treating fou ...More

In his resignation letter, sent to BharatPe's board, Ashneer Grover accused its investors of treating founders like slaves. ...Less

Prior to joining BharatPe in January 2020, Bahl was the chief business officer at Roadzen where he led th ...More

Prior to joining BharatPe in January 2020, Bahl was the chief business officer at Roadzen where he led the organisation across geographies. ...Less

Ashneer Grover's post comes months after BharatPe’s board of directors removed him from all positions at ...More

Ashneer Grover's post comes months after BharatPe’s board of directors removed him from all positions at the company and stripped him of his cofounder tag over alleged financial irregularities and governance issues during his tenure. ...Less

BharatPe has set itself an ambitious target of facilitating disbursals of $1 billion to 10 lakh merchants ...More

BharatPe has set itself an ambitious target of facilitating disbursals of $1 billion to 10 lakh merchants by the end of current fiscal, Group President Suhail Sameer says. ...Less