Ashneer Grover-BharatPe dispute ends; Grover will not be associated with company in any capacity

BharatPe and Ashneer Grover have struck a definitive agreement ending a several years-long battle between the fintech and its former co-founder.

As part of the settlement, reported by Moneycontrol, Grover will not be associated with BharatPe in any capacity nor be a part of the shareholding of the company. The report added, quoting a BharatPe spokesperson from a statement, certain shares of Grover will be transferred to the Resilient Growth Trust for the benefit of the Company and his remaining shares will be managed by his family trust. Both parties have decided not to pursue the cases filed.

“We wish Mr. Grover well. BharatPe continues to focus on delivering industry-leading solutions to its merchants and customers driving growth with profitability”, the statement added.