BharatPe Settles Dispute With Ashneer Grover

BharatPe has reached a definitive settlement with its former co-founder Ashneer Grover, concluding a protracted legal dispute that began in early 2022 after his ousting as Managing Director. As part of the agreement, Grover will sever all ties with BharatPe and relinquish his shareholding, with some shares transferred to the Resilient Growth Trust for the company's benefit, while the remainder will be managed by his family trust. Both parties have agreed to drop all pending legal cases against each other, allowing BharatPe to refocus on its growth strategy. Grover publicly expressed his confidence in BharatPe's management post-settlement, wishing the company continued success. The settlement follows serious allegations of financial misconduct against Grover and his family, which have been under investigation since his exit. This resolution marks a significant turning point for BharatPe, enabling it to move forward from a tumultuous chapter in its history.