Did Ashneer Grover really spend $130,000 on a dining table?
By MYBRANDBOOK
Co-founder of BharatPe, Ashneer Grover, who quit the fintech platform mid serious allegations of financial wrongdoings against him and his wife Madhuri Jain Grover allegedly "purchased a Porsche" during his stint at the company.
He however "told multiple people at the company that he spent $130,000 on a dining table", media report said.
According to Bloomberg, office frugality clashed with the couple's apparently glitzy lifestyle, rubbing some employees the wrong way. The report further said by citing employees that Grover and his wife upgraded their modest home for a rented penthouse and renovated another luxury property.
As the startup expanded, the company's staff said Grover pushed them relentlessly. The sales team met lofty targets by imposing loans on merchants who did not want credit, the employees said.
The customer support and collection staff at BharatPe were bombarded by complaints from small business owners, as per the report.
The fintech platform, recently sacked Grover's wife over alleged financial irregularities during her tenure as Head of Controls to the tune of crores of rupees. Following this, Grover had resigned, saying that he is being forced to quit a company of which "I am a founder".
In a recent statement, BharatPe said it "reserves all rights to take further legal action against him (Ashneer Grover) and his family".
The About Us' page on the BharatPe website now carries the names of Shashvat Nakrani, Co-founder; Suhail Sameer, Chief Executive Officer; Bhavik Koladiya, another Co-founder; and Nishit Sharma, Chief Revenue Officer, along with other senior executives.
Microsoft to build a new data centre to support Thailand's tec
Microsoft has revealed intentions to construct a regional data centre as w...
SAP launches cloud services to help Indian scaleups innovate m
SAP at SAP unveils now "GROW with SAP for Scaleups," a new cloud service d...
Denodo and Sonata form alliance to unlock data-to-value creati
Denodo and Sonata Information Technology India Limited (SITL) have annou...
Google Play Store will now let users download two apps simulta
Google Play Store now lets users download two apps simultaneously. While a...
SECUREYE SERVICES PVT. LTD.
HP INDIA SALES PVT. LTD.
BHARAT ELECTRONICS LTD.
VVDN TECHNOLOGIES
Technology Icons Of India 2023: C P Gurnani
CP Gurnani (popularly known as ‘CP’ within his peer group), is the...
Technology Icons Of India 2023: Nandan Nilekani
Nandan Nilekani is the Co-Founder and Chairman of the Board, Infosys T...
Technology Icons Of India 2023: Aalok Kumar
Aalok continues to lead the India business and further strengthen Indi...
TCIL continues to strengthen India with its technology expertise
TCIL undertakes consultancy & turnkey projects in the field of Telecom...
STPI encouraging software exports from India
Software Technology Parks of India (STPI) is an S&T organization under...
GeM maintains transparency in online procurement of goods & services
Created in a record time of five months, Government eMarketplace is a ...
TEXONIC INSTRUMENTS
Texonic has carved a niche for itself in the Technology Distribution i...
REDINGTON INDIA LIMITED
Redington (India) Limited operates in the IT product distribution busi...
INTEGRA MICRO SYSTEMS PVT. LTD.
Integra is a leading provider of innovative hi-technology products an...