Ashneer Grover hits out at Investors and Co-founders

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Ashneer Grover hits out at Investors and Co-founders
01 Mar 2022
7 min read

News Synopsis

The scuffle between Ashneer Grover, co-founder of a fintech company, BharatPe, and investors and other co-founders appears to come to an end. Ashneer Grover who appeared in the first season of the entrepreneurship-based Television reality show- Shark Tank India had been struggling with serious allegations against him. Earlier this year, audio of Ashneer Grover misbehaving with an executive of Kotal Mahindra went viral over an IPO allotment. Ashneer was then sent on mandatory leave till April. Later in an investigation, Several allegations were put against Ashneer and his wife Madhuri for financial irregularities in the company. Madhuri was removed from the company a few days earlier. Now, Ashneer Grover has resigned from the board of BharatPE and has hit out at his investor and co- founders. He said:  "You treat us founders as slaves – pushing us to build multi-billion-dollar businesses and cutting us down at will. Investor-founder relation in India is one of master-slave. I am the rebel slave who must be hung by the tree so none of the other slaves can dare to be like me ever again. None of you, including the ones based in India, have ever been to our office even once, since the pandemic turned our lives upside down and sought to suffocate the economy. Not even once. Not Micky. Not Harshjit. Not Mohit. Not Teru San. Not Rahul. Not Deven. No one. None of you even turned-up despite an invitation for the inauguration of our new office."

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