BharatPe Founder Grover in Talks to Sell His 9.5% Stake

BharatPe Founder Grover in Talks to Sell His 9.5% Stake

BharatPe confounder Ashner Grover has held early talks with investors to sell his 9.5% stake in the fintech startup potentially paving the way for his full exit from the company, two people in the know said.

The sale discussion initiated by Grover come on the back of an ongoing investigation and an independent audit of BharatPe, which has indicated financial irregularities at the startup.

The company and its founder have been embroiled in a month-long corporate saga triggered by a leaked audio clip where Grover is allegedly hurling abuses at an employee of Kotak Mahindra Bank.

The secondary sale, which Grover is pushing for, signals that he could be eventually ousted from the company once final findings of the ongoing probes are submitted. S-ET


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