Ashneer Grover

Shark Tank India judge Ashneer Grover resigns from BharatPe

Ashneer Grover, the co-founder of BharatPe, has resigned as the managing director of the firm, according to reports. Ashneer Grover resigned from his posts after his wife was shacked from the company.

According to reports, the Shark Tank India judge sent an email to his company’s board late last night, in which he wrote: “I hereby resign as the managing director of BharatPe, effective immediately. I also resign as a director of the Board. I will continue as the single largest individual shareholder of the company.”

I write this with a heavy heart as today I am being forced to bid adieu to a company of which I am a founder. I say with my head held high that today this company stands as a leader in the fintech world. Since the beginning of 2022, unfortunately, I’ve been embroiled in baseless and targeted attacks on me and my family by a few individuals who are ready not only to harm me and my reputation but also harm the reputation of the company, which they are ostensibly trying to protect,” Grover wrote in his email, according to the Economic Times.

Earlier Ashneer had shared a long post in this regard.  :I’ve been relentlessly at work building up BharatPe for almost 4 years. After much deliberation and introspection, I plan to take temporary leave of absence from BharatPe till March end. I will return on or before 1st April 2022. I’ll be utilising this period to rejuvenate and refresh myself for our next sprint of value creation. I expect to spend the time thinking more deeply about our next phase of product development, and BharatPe’s path to profitability and IPO. I will also double down on investing in myself personally. I am a builder and I know my energy is best spent creating value for the millions of Indians we serve each day,” he said.

We’ve, at BharatPe, delivered 40 months of absolute growth and have an exceptional team of professionals who have built BharatPe, PostPe, 12% Club and PayBack. The team is passionate about solving the financial needs of small merchants and credit-seeking customers and I am excited about what we plan to build at UNITY SFB with our partner Centrum. I am confident that under the leadership of our existing CEO Suhail Sameer, the team will continue to deliver, he added.