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Ashneer takes Porsche Cayman out to show well-lit Delhi for G20 Summit As Delhi-NCR welcomes guests for the two-day G20 Summit which started on Saturday, entrepreneur Ashneer Grover took his luxurious Porsche Cayman out on Delhi roads to show how the Capital is all prepared to host the high-profile event. The BharatPe co-founder and former managing director took to Instagram to show a glimpse of the Capital, from his lavish, green-coloured sports car. “G20 - Late evening Porsche drives in Delhi! Kuchh time guzariye roads par (spend some time on roads...
Ashneer takes Porsche Cayman out to show well-lit Delhi for G20 Summit
Ashneer takes Porsche Cayman out to show well-lit Delhi for G20 Summit
Source: IANS
9/09/2023 11:07:10 AM
Shark Tank India season 1 courts controversy, Ashneer says invested Rs 3 cr After a report claimed that some prominent investors at the inaugural season of Shark Tank India fell short of their pledges, prominent VCs and entrepreneurs on Wednesday defended the show, saying the report findings are "inaccurate". An analysis by market intelligence firm PrivateCircle claimed that the key investors overall invested in only 27 of the 65 pledges shown on the TV show, reports TechCrunch. "The 'sharks' committed $4.87 million to the startups, but h...
Shark Tank India season 1 courts controversy, Ashneer says invested Rs 3 cr
Shark Tank India season 1 courts controversy, Ashneer says invested Rs 3 cr
Source: IANS
19/07/2023 2:21:53 PM
BharatPe appoints Sandeep Indurkar as CBO-Banking & Alliances Fintech platform BharatPe on Thursday announced the appointment of Sandeep Indurkar as its Chief Business Officer - Banking and Alliances. He will lead the P&L for BharatSwipe, the company's POS business as well as the rollout of BharatPe Speaker across markets, plus he will be leading the partnership with Unity Bank as well as the NBFC partners of BharatPe. "I look forward to strengthening the market for BharatSwipe and Speaker. Also, I look forward to fostering the right ...
BharatPe appoints Sandeep Indurkar as CBO-Banking & Alliances
BharatPe appoints Sandeep Indurkar as CBO-Banking & Alliances
Source: IANS
18/05/2023 2:17:00 PM
BharatPe acquires controlling stake in NBFC Trillion Loans Full-stack fintech services provider BharatPe Group on Tuesday announced it has completed a majority stake (51 per cent) acquisition in Trillion Loans, a Mumbai-based non-banking financial company (NBFC), for an undisclosed sum. The company appointed veteran banker Ravindra Pandey, CFO and interim CEO of BharatPe Nalin Negi and Sabyasachi Senapati, part of the leadership team at BharatPe who heads its banking vertical, on the board of Trillion Loans which will operate as an independent ent...
BharatPe acquires controlling stake in NBFC Trillion Loans
BharatPe acquires controlling stake in NBFC Trillion Loans
Source: IANS
2/05/2023 3:59:32 PM
Nepal, India to sign cross-border digital payments deal Nepal and India are set to sign an agreement for cross-border digital payments using e-wallet, which is expected to boost trade and tourism by eliminating currency hassles. The deal is expected to be signed during Prime Minister Pushpa Kamal Dahal's visit to India sometime this month, according to Nepali media reports. The accord will allow Indian tourists in Nepal to make digital payments using Indian e-wallets like BharatPe, PhonePe, Google Pay and Paytm. According to the repor...
Nepal, India to sign cross-border digital payments deal
Nepal, India to sign cross-border digital payments deal
Source: IANS
11/04/2023 11:40:45 AM
Top VC firms deeply concerned at SVB collapse, Ashneer Grover offers a solution Top venture capitalist (VC) firms on Saturday issued a joint statement on the collapse of Silicon Valley Bank (SVB), one of the largest US banks serving the global startup community, saying they are "deeply disappointing and concerning". Hemant Taneja, investor and managing partner at General Catalyst, said in a tweet that several VC leaders like Accel, Khosla Ventures, Altimeter Capital, Lightspeed Venture Partners, Mayfield Fund, Ribbit Capital, Redpoint Ventures and others met...
Top VC firms deeply concerned at SVB collapse, Ashneer Grover offers a solution
Top VC firms deeply concerned at SVB collapse, Ashneer Grover offers a solution
Source: IANS
11/03/2023 3:31:41 PM
Ashneer Grover, wife set to launch fantasy sports app CrickPe Former BharatPe Co-founder and Managing Director Ashneer Grover and his wife Madhuri Jain Grover are apparently ready with their new startup, this time in the sphere of fantasy sports with a new app called CrickPe, the media reported on Monday. According to leading startup covering portal Entrackr, citing sources, CrickPe is expected to be launched in the "next few weeks". "The app is in closed beta mode and will soon open to the public," the report said, citing peop...
Ashneer Grover, wife set to launch fantasy sports app CrickPe
Ashneer Grover, wife set to launch fantasy sports app CrickPe
Source: IANS
27/02/2023 5:41:24 PM
Aparna Kuppuswamy joins IPO-bound BharatPe Group as Chief Risk Officer Fintech major BharatPe Group on Monday announced to appoint industry veteran Aparna Kuppuswamy as its Chief Risk Officer, who will help the compay get prepared towards its IPO goal. Prior to joining BharatPe, she was the Chief Risk Officer at SBI Cards for more than 14 years, where she led a number of key projects. Kuppuswamy will lead the risk portfolio across the BharatPe Group of companies, including the merchant and consumer businesses. She will work closely with Nalin Negi, CFO ...
Aparna Kuppuswamy joins IPO-bound BharatPe Group as Chief Risk Officer
Aparna Kuppuswamy joins IPO-bound BharatPe Group as Chief Risk Officer
Source: IANS
20/02/2023 4:10:32 PM
Civil Aviation Ministry clarifies on Digi Yatra app after Ashneer Gorver`s tweet A day after Ashneer Grover, the former Managing Director and Co-founder of BhratPE, tweeted about some kind of inconvenience in the Digi Yatra app, the Civil Aviation Ministry on Friday clarified that the shared boarding pass QR code is available on the home screen of the app so that passengers can easily scan it at the airport entry gate. "The shared boarding pass QR code is available on the home screen of the app so that passengers can easily scan it at the airport entry gate. The p...
Civil Aviation Ministry clarifies on Digi Yatra app after Ashneer Gorver`s tweet
Civil Aviation Ministry clarifies on Digi Yatra app after Ashneer Gorver`s tweet
Source: IANS
11/02/2023 4:32:12 PM
BharatPe finally gets RBI nod for online payment aggregator Fintech platform BharatPe on Tuesday said it has received in-principle authorisation from the Reserve Bank of India (RBI) to operate as an online Payment Aggregator (PA), as it fights a fierce court battle with its former co-founder and Managing Director Ashneer Grover over a Rs 88.6 crore fraud case. The company said that the in-principle approval has been awarded to Resilient Payments Private Ltd, a 100 per cent owned subsidiary of Resilient Innovations Private Ltd (BharatPe). "A...
BharatPe finally gets RBI nod for online payment aggregator
BharatPe finally gets RBI nod for online payment aggregator
Source: IANS
10/01/2023 4:14:06 PM
Outgoing BharatPe CEO to start VC fund, perform 40 lakh steps in 2023 Outgoing BharatPe CEO Suhail Sameer is starting a new venture capital (VC) fund and will invest in at least 20 founder teams in the New Year. Sameer, who will transition from the role of CEO to Strategic Advisor at BharatPe, effective from January 7, will "set up the fund I have been meaning to for the last couple of years". In a LinkedIn post, Sameer said that this will be a year of radical personal changes. His six resolutions are to spend quality time with 15 people who ...
Outgoing BharatPe CEO to start VC fund, perform 40 lakh steps in 2023
Outgoing BharatPe CEO to start VC fund, perform 40 lakh steps in 2023
Source: IANS
3/01/2023 4:57:51 PM
BharatPe CEO Suhail Sameer now strategic advisor as firm looks for new head  Fintech platform BharatPe on Tuesday announced that Suhail Sameer will transition from the role of Chief Executive Officer (CEO) to Strategic Advisor, effective from January 7. Current CFO Nalin Negi has been appointed as an interim CEO to partner with senior executives to strengthen the company's business, as the Board is actively searching for the new CEO. "On behalf of the Board, we would like to thank Sameer for the tremendous contribution he made in steering BharatPe...
BharatPe CEO Suhail Sameer now strategic advisor as firm looks for new head
BharatPe CEO Suhail Sameer now strategic advisor as firm looks for new head
Source: IANS
3/01/2023 12:39:39 PM
I made Rs 2.25 cr within 8 minutes of Zomato IPO opening: Ashneer Grover Former BharatPe co-founder and managing director Ashneer Grover has revealed he made a cool Rs 2.25 crore from Zomato IPO within 8 minutes of its opening in July last year. In his memoir 'Doglapan', Grover said that with the IPO being oversubscribed more than 30 times, he got an allotment of shares worth over Rs 3 crore. "My RMs (relationship managers), based on grey-market premiums, were expecting the Zomato share to list between Rs 85-90, as against an issue price of Rs 7...
I made Rs 2.25 cr within 8 minutes of Zomato IPO opening: Ashneer Grover
I made Rs 2.25 cr within 8 minutes of Zomato IPO opening: Ashneer Grover
Source: IANS
27/12/2022 1:39:50 PM
White.Inc raises over $1 Million in a Seed Round led by Dholakia Ventures, Inflection Point Ventures New Delhi : White.Inc, a house of digitally native consumer product holding company creating Instagram-first DTC brands in the premium segment of high-growth verticals in the D2C space, has raised over $1 million led by Dholakia Ventures, along with Inflection Point Ventures and First Port’s participation.  Angel investors, including Suhail Sameer and Shashvat Nakrani from BharatPe, Guruvanth Vaid from 4G Capital Ventures, and Aniket Gore from Ceramet Group, also participated in th...
White.Inc raises over $1 Million in a Seed Round led by Dholakia Ventures, Inflection Point Ventures
White.Inc raises over $1 Million in a Seed Round led by Dholakia Ventures, Inflection Point Ventures
Source: PR Agency
4/10/2022 2:22:49 PM
BharatPe hits $20 billion in annualised TPV, leaves Ashneer saga behind Fintech platform BharatPe on Friday said it has reached an all-time high of $20 billion in annualised total payments value (TPV), expanding its footprint to 400 towns and cities, as it leaves the sordid Ashneer Grover saga behind. The company aims to surpass its target of $30 billion in payments by March 2023. Last year, BharatPe had announced plans to scale its presence to 300 cities by the same time-frame. "We have been able to achieve this milestone much ahead of time. BharatPe ...
BharatPe hits $20 billion in annualised TPV, leaves Ashneer saga behind
BharatPe hits $20 billion in annualised TPV, leaves Ashneer saga behind
Source: IANS
26/08/2022 2:05:24 PM
Fintech platform BharatPe appoints new CFO amid IPO plans  Fintech platform BharatPe on Wednesday said it has appointed former SBI Card CFO Nalin Negi as its new chief financial officer, as it prepares for its initial public offering (IPO). In his new role, Negi will take charge of the finance function for BharatPe and will be working towards making the company EBITDA positive by March 2023. He will report to Suhail Sameer, CEO, BharatPe and work closely with the Board of BharatPe, the company said in a statement. "His experience ...
Fintech platform BharatPe appoints new CFO amid IPO plans
Fintech platform BharatPe appoints new CFO amid IPO plans
Source: IANS
3/08/2022 9:04:23 AM
BharatPe back on track after Ashneer controversy, records 112% growth Leaving the Ashneer Grover controversy behind, fintech platform BharatPe has closed one of the highest growth quarters in its history, facilitating over Rs 3,600 crore in loans in the first quarter (April-June period) of FY23. This is a growth of 112 per cent over the last quarter. BharatPe said it also reached an all-time high of $18.5 billion in annualised total payment value (TPV) -- a growth of 50 per cent over the last quarter. "Post a successful FY22 that we closed with a 3 t...
BharatPe back on track after Ashneer controversy, records 112% growth
BharatPe back on track after Ashneer controversy, records 112% growth
Source: IANS
6/07/2022 10:33:18 AM
Key News - Zara, Vedanta Ltd, Ford India, BharatPe By ARETE Securities Key News Viacom 18, Disney Star among firms shortlisted for IPL TV, digital rights The highly-awaited media rights auction for the Indian Premier League is likely to see four bidders including Viacom18, Disney Star, Zee and Sony. The successful bidders will have the rights to broadcast the matches. The eauction for the media rights from 2023 to 2027 will be held on June 12. "Four firms have been shortlisted for bidding as they filed their final bids and soon we will reveal the nam...
Key News - Zara, Vedanta Ltd, Ford India, BharatPe By ARETE Securities
Key News - Zara, Vedanta Ltd, Ford India, BharatPe By ARETE Securities
Source: ARETE Securities Ltd
13/06/2022 10:25:32 AM
BharatPe sees more high-profile exits after Ashneer Grover saga After facing the months-long Ashneer Grover saga, fintech platform BharatPe is witnessing some high-profile exits and now, its founding member Satyam Nathani has resigned. Earlier, BharatPe's chief revenue officer Nishit Sharma and head of institutional debt partnerships, Chandrima Dhar, had quit citing personal reasons. "This is to inform that Satyam Nathani has decided to move on from BharatPe to pursue his entrepreneurial ambitions. We will back him to build the next big tec...
BharatPe sees more high-profile exits after Ashneer Grover saga
BharatPe sees more high-profile exits after Ashneer Grover saga
Source: IANS
12/06/2022 2:04:15 PM
BharatPe launches investment platform for merchants after Ashneer saga With an aim to leave behind the Ashneer Grover controversy and bring business on track, fintech platform BharatPe on Thursday launched an investment platform for its merchant partners. In the first phase, the company is going live with peer-to-peer (P2P) investments and bank-deposit products with its partners on the platform. The P2P investment product is being powered through RBI regulated non-banking financial companies (NBFCs) LenDenClub and Liquiloans. BharatPe said in a statemen...
BharatPe launches investment platform for merchants after Ashneer saga
BharatPe launches investment platform for merchants after Ashneer saga
Source: IANS
19/05/2022 11:13:01 AM
Ashneer saga has no impact on our growth: BharatPe  Fintech platform BharatPe on Thursday refuted reports that its financial condition was hit owing to the Ashneer Grover saga, saying that it currently has $400 million in the bank with a monthly burn rate of nearly $4 million. The company had $300 million in revenue at the end of FY23, and exited March with around $100 million in sales. "We have no immediate plans to raise capital. We exited March at around $16 billion in annual total payment value (TPV) and aim to have paymen...
Ashneer saga has no impact on our growth: BharatPe
Ashneer saga has no impact on our growth: BharatPe
Source: IANS
14/04/2022 7:11:37 PM
Key News - NCLT , BharatPe , SpiceJet, Mahindra & Mahindra, Coca-Cola By ARETE Securities Key News NCLT approves Tata Steel Mining's resolution plan for Rohit Ferro-Tech Tata Steel on Thursday said the Kolkata bench of the National Company Law Tribunal (NCLT) has approved the resolution plan submitted by its whollyowned subsidiary Tata Steel Mining Limited, for the acquisition of debtladen Rohit Ferro-Tech Limited. On June 6, 2021, Tata Steel had informed that the Committee of Creditors (CoC) in terms of the Corporate Insolvency Resolution Process of the Insolvency an...
Key News - NCLT , BharatPe , SpiceJet, Mahindra & Mahindra, Coca-Cola By ARETE Securities
Key News - NCLT , BharatPe , SpiceJet, Mahindra & Mahindra, Coca-Cola By ARETE Securities
Source: ARETE Securities Ltd
8/04/2022 10:03:00 AM
BharatPe co-founder Ashneer Grover resigns after Kotak dispute  BharatPe co-founder Ashneer Grover has resigned as managing director and board director, the Indian payment startup said on Tuesday, in the wake of a public row with Kotak Mahindra Bank over his personal investments. BharatPe has come under intense investor and media scrutiny since Grover sought damages from bank boss Uday Kotak, alleging Kotak Mahindra Bank declined financing for a personal investment. The bank has in turn alleged in legal documents that Grover used "foul&qu...
BharatPe co-founder Ashneer Grover resigns after Kotak dispute
BharatPe co-founder Ashneer Grover resigns after Kotak dispute
Source: Reuters
1/03/2022 7:56:04 PM
Ashneer Grover resigns after intense legal battle with BharatPe After fighting an intense legal battle with the Board of Directors, BharatPe Co-founder and Managing Director Ashneer Grover has finally resigned from the fintech platform. In a letter sent to the Board, he said that he is being forced to bid adieu to a company of which "I am a founder". "Your views of businesses and problems on the ground are so coloured by the windows of the Ivory Tower in which you all reside that you have no connect whatsoever with the human element o...
Ashneer Grover resigns after intense legal battle with BharatPe
Ashneer Grover resigns after intense legal battle with BharatPe
Source: IANS
1/03/2022 10:53:37 AM
BharatPe investors not buying Ashneer Grover's stake for Rs 4,000 crore The road ahead for BharatPe Co-founder and managing Director Ashneer Grover is full of thorns as top investors in the fintech platform are not budging an inch to give Rs 4,000 crore sought by him for selling his 8.5 per cent stake and quitting the company. Reliable sources told IANS on Friday that Grover has wrongly valued Delhi-based merchant payments and financial services provider at nearly $6 billion while its actual valuation, after it raised $370 million in Series E round led by Tige...
BharatPe investors not buying Ashneer Grover's stake for Rs 4,000 crore
BharatPe investors not buying Ashneer Grover's stake for Rs 4,000 crore
Source: IANS
26/02/2022 10:02:12 AM
Review of 'serious allegations' on, trust the Board: New BharatPe CEO As the plot around BharatPe and its Co-founder/Managing Director Ashneer Grover saga thickens, the newly-appointed CEO Suhail Sameer has written a letter to disgruntled employees, saying that there are some "serious allegations" based on internal complaints which are being reviewed and they must keep their faith in the Board. Assuring them to have a "trust" in the Board, Suhail said that it is his "commitment, also on behalf of the wider leadership, that we'll ...
Review of 'serious allegations' on, trust the Board: New BharatPe CEO
Review of 'serious allegations' on, trust the Board: New BharatPe CEO
Source: IANS
11/02/2022 12:59:24 PM
BharatPe raises Rs 50 cr debt from Northern Arc Financial services company BharatPe on Monday said it has raised Rs 50 crore in debt from Northern Arc Capital, one of the leading digital debt finance platforms. This is the sixth round of debt financing in 2021, the company said. In January, the company had raised Rs 200 crore from three top debt companies in the country -- Alteria Capital, InnoVen Capital and Trifecta Capital, having later raised additional capital from ICICI Bank and Axis Bank. "We have considerably ramped u...
BharatPe raises Rs 50 cr debt from Northern Arc
BharatPe raises Rs 50 cr debt from Northern Arc
Source: IANS
10/05/2021 2:14:17 PM
BharatPe raises Rs 786 cr in Series D at Rs 6,552 cr valuation  Fintech services company BharatPe on Thursday announced its has raised $108 million (over Rs 786 crore) in Series D equity round, that puts the company at $900 million (approx Rs 6,552 crore) valuation. The company has raised $90 million (over 655 crore) in primary fund raise, and ensured secondary exit for its angel investors and employees for a total amount of $18 million (nearly Rs 131 crore). "We are super excited though to have returned Rs 125 crore of capital to angels ...
BharatPe raises Rs 786 cr in Series D at Rs 6,552 cr valuation
BharatPe raises Rs 786 cr in Series D at Rs 6,552 cr valuation
Source: IANS
11/02/2021 12:26:07 PM
BharatPe appoints Gautam Kaushik as 2nd Group President  Leading financial services company BharatPe on Thursday appointed Gautam Kaushik as its second Group President in the company. Prior to joining BharatPe, Kaushik was the CEO and MD of PAYBACK India where he led the largest customer loyalty programme in the country. A veteran in leading successful multi-million dollar businesses in payments and financial services, he will work with Ashneer Grover, Co-Founder and CEO of BharatPe, and lead payments and banking partnerships. "...
BharatPe appoints Gautam Kaushik as 2nd Group President
BharatPe appoints Gautam Kaushik as 2nd Group President
Source: IANS
4/02/2021 12:28:47 PM
BharatPe raises Rs 139 cr debt from Alteria Capital, ICICI Bank FinTech services company BharatPe on Monday announced that it has raised Rs 139 crore (nearly $20 million) in debt from Alteria Capital and ICICI Bank. The company raised Rs 90 crore in debt from Alteria Capital and Rs 49 crore from ICICI Bank. The company has raised a total of Rs 199 crore in debt to date. "We have committed ourselves to have $700 miilion of loans to small merchants and kirana store owners by March 2023 and are hoping to on-board more institutional debt partner...
BharatPe raises Rs 139 cr debt from Alteria Capital, ICICI Bank
BharatPe raises Rs 139 cr debt from Alteria Capital, ICICI Bank
Source: IANS
18/01/2021 2:21:18 PM