BharatPe settles legal dispute with Ashneer Grover, cofounder to cease being a shareholder in fintech startup

BharatPe and its cofounder Ashneer Grover have settled their two-year long legal dispute, according to a statement issued by the New Delhi-based fintech firm.

“As part of the settlement, Grover will not be associated with BharatPe in any capacity nor be a part of the shareholding of the company,” the company said.

Grover’s shares will be transferred to a family trust, as per the statement. While some parts of his shares will be transferred to the Resilient Growth Trust, the remaining stake will be managed by his family trust, the company added.