Ashneer Grover settles dispute with BharatPe

BENGALURU: After about 2.9 years, fintech firm BharatPe and its former co-founder Ashneer Grover have reached a settlement and the latter will no longer be associated with the firm.

BharatPe in an official statement said the firm has arrived at a definitive agreement with its former co-founder Ashneer Grover.

“As part of the settlement, Mr Grover will not be associated with BharatPe in any capacity nor be a part of the shareholding of the company. Certain shares of Mr Grover shall be transferred to the Resilient Growth Trust for the benefit of the company and his remaining shares will be managed by his family trust,” it said.