It's a source of wonder that #BharatPe, run by Resilient Innovations, is less than four years old. In August 2021, it raised $370 million in a Series E round!!! Imagine that - for a <4 year old startup. 🧵(1/6)
yourstory.com/2022/02/ashnee…
yourstory.com/2022/02/ashnee…
Since the $370-million round in Aug 2021 led by Tiger Global, the BharatPe board has former SBI Chairman Rajnish Kumar heading it, and a non-founder CEO in Suhail Sameer. Significantly, founders — Ashneer Grover and Shashvat Nakrani — backed Suhail in August 2021 (2/6)
Don't miss this stirring backstory (behind paywall) of the actual founders of @bharatpeindia ... We learn that Bhavik Koladiya and Shashvat had founded the startup in March 2018, months before they met Ashneer. the-captable.com/2022/01/bharat… (3/6)
BharatPe's Ashneer Grover went on a temporary leave of absence on Jan 19, 2022. Since then, @livemint broke the story about a preliminary report that identified instances of fraud in BharatPe involving Ashneer and head of controls Madhuri Grover (they are related) (4/6),
Ashneer then gave an explosive interview to @moneycontrolcom , in which he accused the board of arm-twisting him to exit BharatPe. Suhail Sameer doesn't have his support anymore, Ashneer added. BharatPe's response is in this YS report. (5/6) yourstory.com/2022/02/bharat…
My story looks at the significance of Suhail Sameer's position as a founders-nominee, who now has the backing of co-founder Shashvat Nakrani, even as Ashneer has reversed his position. We, at YourStory, will keep a close🧐 on the developments. (6/6)
yourstory.com/2022/02/ashnee…
yourstory.com/2022/02/ashnee…
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