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Ashneer Grover resigned from BharatPe as MD & Director 2022

Ashneer Grover, co-founder and Managing Director (MD) of BharatPe, a leading Indian fintech company, has resigned as the MD and director of the board of BharatPe.

Sumit Arora Last updated on March 4th, 2022 03:46 pm Leave a comment

Ashneer Grover, co-founder and Managing Director (MD) of BharatPe, a leading Indian fintech company, has resigned as the MD and director of the board of BharatPe. Ashneer Grover, who owns a 9.5% stake worth Rs 1915 crore in BharatPe, will continue as the single largest individual shareholder of the company. BharatPe became the 19th Indian startup to become a unicorn in 2021.

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Shashwat Nakrani, the co-founder of BharatPe, owns 7.8% and Sequoia Capital India, a venture capital (VC) investor and the largest shareholder of BharatPe, holds 19.6%, followed by Coatue at 12.4% and Ribbit Capital at 11%. As of August 2021, Tiger Global, Steadview Capital, and Beenext together hold a 60.4% stake in BharatPe.

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Sumit Arora

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As a team lead and current affairs writer at Adda247, my role involves researching and creating informative and engaging content aimed at helping candidates prepare for national and state-level competitive government exams. I specialize in delivering insightful articles that keep aspirants updated on the latest current affairs trends and developments. My primary focus is on educational excellence, ensuring that our readers are well-prepared and informed to face their exams with confidence. Through meticulously crafted content, I aim to guide and support candidates in their journey toward success.