Aditi Shrivastava Profile picture
Jan 29 11 tweets 3 min read
This escalated quickly. An eventful January timeline of BharatPe's saga:

Jan 5 - An audio clip was posted by an anonymous Twitter account where Ashneer Grover hurled expletives towards a Kotak employee for missing out on share allotment during Nykaa's IPO.
Jan 6 - Grover claims that the clip is fake; on his Twitter account, he wrote, "Folks. Chill! It's FAKE audio by some scamster trying to extort funds.”

Jan 7 - Grover deletes his tweet and tells the media that he did it because the audio clip is no longer on social media.
Jan 9 - Kotak Mahindra Bank responds to say that they will take legal action against Grover - confirming the validity of the audio clip. A leaked document of Grover’s legal notice sent to Kotak in October 2021 also became public.
Jan 17 - ET reported that Ashneer Grover also had an altercation with Sequoia India's Harshjit Sethi in August 2020

economictimes.indiatimes.com/tech/startups/…
Jan 18 - The CapTable reported that Bhavik Koladia, one of BharatPe's Co-founder, was convicted in the US for credit card fraud. Koladia leads product and technology at Bharatpe.

[Free Read]

the-captable.com/2022/01/bharat…
Jan 19 - BharatPe announces that Grover is taking voluntary leave till March-end to rejuvenate himself
Jan 27 - Suhail Sameer CEO, BharatPe says the board is united on Ashneer Grover's issue and is reviewing internal governance processes.

"Any company does not run solely on one individual."

moneycontrol.com/news/business/…
Jan 27 - Centrum Group Chairman Jaspal Bindra said, "Ashneer Grover is definitely not on the board today. Till things are settled, he will not be."

bloombergquint.com/business/pmc-b…
Jan 29 - Reuters reported that BharatPe's investors have hired PwC and Alvarez & Marsal to carry out an independent governance audit.

reuters.com/markets/funds/…
Jan 29: Bharatpe issues a statement confirming that the board has approved a financial audit.

Hours later, Mint reports:
livemint.com/companies/peop…
Following Mint’s report, Bharatpe board clarifies that it’s not fired Grover.

• • •

Missing some Tweet in this thread? You can try to force a refresh
 

Keep Current with Aditi Shrivastava

Aditi Shrivastava Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

PDF

Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @AditiS90

Jun 30, 2021
💎🔥 It's been 3 months since we launched @thecaptableco , and one development we’ve closely tracked & deeply reported on is Zomato’s IPO.

Why? Because Zomato’s IPO goes beyond what it means for the company. It drives the sentiment for the India's tech ecosystem.
#Thread
🚨 🚨 Scoop: Zomato will increase the size of its public markets capital raise, after receiving a positive response from institutional investors for its roadshows. lnkd.in/gUFcctC
💰 🧑‍🤝‍🧑 For those who may not have followed the IPO that closely, some background. @deepigoyal has flipped Zomato’s fortunes in 18 months, and the journey has not had it easy. lnkd.in/gjhDZ6i [Free read]
Read 7 tweets
Feb 4, 2020
. @vijayshekhar shares @Paytm stats for 2019
Paytm is the most comprehensive payment app, he says
300 million wallets
100 million UPI handles
220 million saved cards
55 million bank accounts
150 million annual transactions
Half a million deployment of all-in-one QR code
@vijayshekhar @Paytm In merchant payments - debit cards market share is being taken over by UPI, not wallet market share - @vijayshekhar says
@vijayshekhar @Paytm 35% market share of non-metro transactions.
#Karnataka, #Maharashtra, and #Delhi - highest merchant signup - @vijayshekhar
Read 6 tweets
Oct 1, 2019
@Zomato ’s H1 financial numbers 👇🏽
Says revenue up 225% to $205 million in the first six months of FY2020
Claims monthly burn rate down 60% in H1 compared to last year
Food delivery business GMV up 223% to $821 million

@ETtech
@Zomato @ETtech Food delivery numbers @ZomatoIN
@Zomato @ETtech @ZomatoIN Food delivery metrics @ZomatoIN
Read 7 tweets

Did Thread Reader help you today?

Support us! We are indie developers!


This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal

Or Donate anonymously using crypto!

Ethereum

0xfe58350B80634f60Fa6Dc149a72b4DFbc17D341E copy

Bitcoin

3ATGMxNzCUFzxpMCHL5sWSt4DVtS8UqXpi copy

Thank you for your support!

Follow Us on Twitter!

:(