BharatPe
BharatPe co-founder Ashneer Grover quits following sacking of his wife
Indian fintech company BharatPe's co-founder Ashneer Grover on Tuesday resigned from the firm and its board, days after his wife Madhuri Jain Grover was sacked for alleged financial irregularities, media reports said.
Ashneer Grover, 39, wrote in his resignation letter to the company which he founded, "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 ostensibly they are trying to protect."
"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," the young entrepreneur also wrote.
Madhuri Jain Grover, who was a top executive of BharatPe, has been accused of producing fake invoices to billing the company for her personal beauty treatment, NDTV reported.
Ashneer Grover was accused of using abusive languages against Kotak Mahindra Bank. Following which, he was sent on leave.
The co-founder has denied any such allegation.
Speaking about his next move, Ashneer Grover told moneycontrol, "I will not disclose. I am very clear, I will be a private person. Not here to lead my life as per the media, not going to be a slave to these investors again in my life. Will lead life on my own terms.
"I am now looking up to people like Turakhias (Bhavin) and Kamath (Nitin) who have the courage to build businesses with 100% ownership. It will take a bit longer to build, I will be in control of what I build and not build it for these people who are opportunistic."
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