Is Ashneer Grover On The Way Out Of BharatPe?

Ashneer Grover has reportedly initiated talks with investors to sell his 9.5% stake in BharatPe, the startup he co-founded in 2018.

This could potentially lead to Grover’s full exit from the company, amid an ongoing probe and independent audit of to detect financial irregularities.  

According to sources in the know, Mr. Grover is allegedly trying to exit before the company’s board is presented with the findings from the probe. A deal was looking unlikely, the sources added.

An audio clip of Grover’s supposed phone call with a Kotak Wealth Management employee went viral last month, wherein Mr. Grover allegedly is said to have berated him.

Mr. Grover denies the charges.

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