The fintech startup is trying to come back from scandal with a focus on neobanking and SaaS, even as its lending operations need an overhaul.
BharatPe is not the fintech it was a year ago.
Earlier this year, co-founder Ashneer Grover’s unceremonious departure from the four-year-old firm created much noise in the Indian startup world. As the year progressed, it seemed both parties had put the issue to bed.
But this month, Grover published an autobiography detailing his entrepreneurial journey and the “Machiavellian plot” to get rid of him from BharatPe. Earlier this month, BharatPe sued Grover, his wife, Madhuri Jain Grover, and others over alleged misappropriation of funds through company accounts. The suit, filed before the Delhi High Court, seeks to recover Rs 88 …
Advait is a financial journalist and a former writer at The Morning Context. Here, he wrote on India’s banks, the wider financial services industry and the fintech ecosystem. He has previously worked with the Economic and Political Weekly, Business Standard, BloombergQuint and MediaNama, where he covered everything from the Reserve Bank of India to fintech policy.
Writer
advait@mailtmc.com
Mumbai
Ashwin covered fintech and banking at The Morning Context. Previously, he was at The Economic Times, where he worked across the finance, tech and startup verticals, breaking stories related to India’s banking system, startups in the new economy, digital payments, insurance and cryptocurrencies.
Writer
ashwin@mailtmc.com
Delhi