Ashneer Grover, who came into the limelight with his tough behavior and spot retaliation in the reality show Shark Tank, is once again in the news. The company in which Bharat Pe was till now co-founder, now he has to resign from the same company.
How did the company start in Bharat Pe?
The story of the formation of a company in Bharat is very interesting. In 2017, Ashneer, who was working as Business Head in PC Jewelers Limited Company, met Shashwat Nakrani and Bhavik Koladia. In this meeting, Shashwat shared the idea of making an app for online transactions with Ashneer.
Ashneer, who has worked at top posts in several companies including American Express, Grofers, liked this idea. While Shashwat was versed in technical matters, Ashneer handled its marketing and business from registering the company.
Eventually, the three friends together decided to start this company in 2018. The story will continue, but give your opinion by giving some time to a poll.
Now first know what is a fintech company?
FinTech is the short name for 'Financial Technology'. This technology is used in the online transaction of money. Through this, work related to money transactions, digital loans, bank work, cryptocurrencies, etc. is done online through an app. With the increase in the number of smartphone users in India and the growth of online payments, the market of companies like Google Pay, Paytm, and Bharat Pe is increasing continuously.
Let us tell you that there are mainly three types of earnings of fintech companies.
1. Some companies charge money for using the app and for the transaction.
2. Through company e-wallet and subscription.
3. Fintech companies also make money through advertising.
Only 2 years after its formation in India, it is included in the top fintech companies
Within a few days of its launch in June 2018, the Bharat Pe app has received more than a thousand
People started using After seeing this, the number of people using this app has increased to lakhs. The number of people who have downloaded Bharat Pe from the Google Play Store is more than 10 million. Not only this, the valuation of this company, which does online money transactions and loans, in February 2022 is more than Rs 21 thousand crores. During the Corona period, the users of the Bharat Pe app and the company's earnings increased rapidly.
What is the reason for giving competition to a company like 'Paytm' and 'PhonePe'?
The reason for the success of Bharat Pe Company among companies like Paytm and PhonePe in India is that the company has made its business strategy out of these companies. Bharat Pe Company emphasized these four points to start its business-
Through UPI QR code, customers can pay money to the shopkeeper.
You can make multiple payments with the same QR code of Bharat Pe.
The shopkeeper can accept the payment through the Bharat Pe app for free.
Loans are also being given to people through the Bharat Pe app.
The result of the understanding of the three friends was that more than one crore people joined this app. Apart from this, every day more than 50 lakh transactions are being done through this app. Not only this, the company started giving loans to shopkeepers based on their business. Till December 2021, the company has given loans to shopkeepers and businessmen of more than Rs 3,000 crore.
Why did Ashneer, the managing director of Bharat Pe, come into controversy?
Ashneer Grover, the co-founder of Bharat Pe, has been in controversies for the past two months. The main reason behind this is that earlier this year audio of Ashneer went viral. In this, he was heard speaking the abusive language to an employee of Kotak Mahindra Bank. Apart from this, he was also accused of having behavior against the rules of the company.
On receiving a complaint against Ashneer and his wife, the company decided to set up an inquiry. In this investigation, his wife Madhuri Jain Grover was found to be involved in money laundering. Thereafter he was dismissed from the company.
Then Grover appealed against the decisions of his own company to the Singapore International Arbitration Center (SIC). Here too he had to face defeat. After this Ashneer had to leave the company in Bharat Pe.
How many shares does Ashneer Grover own in Bharat Pe?
As per the previous fund of Bharat Pe company, his stake stood at 9.5% i.e. Rs 1,800-1,900 crore. Now Grover has said that he is planning to sell his entire share in Bharat Pe. Resigning, Ashneer Grover has mentioned in the resignation letter that even at this time he is one of the largest shareholders of the company.
Seattle Caste Discrimination: Seattle becomes the first American city to end caste discrimination, the proposal passed
The American city of Seattle became the first city in the country to abolish caste discrimination. The local council in Seattle voted to include race in the city's anti-discrimination laws. The move
Lawrence Bishnoi: Gangster Lawrence Bishnoi handed over to Hoshiarpur police on four-day transit remand, Amritsar court-ordered
Gangster Lawrence Bishnoi, an accused in the singer Sidhu Moosewala murder case, was produced in an Amritsar court on Monday from where the court handed him over to Hoshiarpur police on four-day
KRK took a jibe at Shahid Kapoor for the collection of jersey, said – 35 crore fees and 35 people did not come to see the film
The tweets of Kamaal R Khan remain in discussion on social media almost every day. KRK remains in the headlines for his tweets and, he sometimes robs the accolades from the social media users and
Pawan Kheda's bail hearing in Supreme Court today: Controversial statement given on PM Modi; Arrested from Delhi airport
The Supreme Court is likely to pronounce its verdict today on the interim bail granted to Congress spokesperson Pawan Khera, who made a controversial statement against Prime Minister Narendra Modi. On
ATS disclosure on Gorakhnath temple attack: Fearing arrest, Murtaza hurriedly planned a fidayeen attack, if weapons were not found, then bought Banka
Ahmed Murtaza Abbasi, who attacked the PAC jawans guarding the Gorakhnath temple in Gorakhpur, was soon going to be shifted to Canada. He was trying to escape from Canada, the stronghold of ISIS,
'If Aurangzeb's grave is not removed then...' Police on alert on VHP and Bajrang Dal's warning; Heavy force deployed outside the tomb
Aurangzeb's tomb in Sambhajinagar district of Maharashtra is in danger. Bajrang Dal and Vishwa Hindu Parishad (VHP) have intensified the demand to remove Aurangzeb's tomb.
Thala Ajith's craze: 'Valimai' shows at 4 a.m. also Housefull, celebrations celebrated in theaters all night, so many fans gathered that traffic had to be diverted from the streets
South's superstar Ajith Kumar starrer 'Valimai' has been released in theaters across the world on Thursday (February 24). This action-drama film is getting a tremendous response from fans and critics.
Sambhal Jama Masjid case: ASI told the court- there was no need to paint the mosque, gave photographs to the court
The hearing was held in Allahabad High Court on the petition filed demanding the painting of Sambhal Jama Masjid. In compliance with the court's order, ASI has filed the investigation report. In the
India Sri Lanka Relation: India again came forward to help Sri Lanka struggling with the economic crisis, friend China left
India Sri Lanka Relation: India's neighboring country Sri Lanka is facing the most dangerous economic decline. Sri Lanka's foreign reserves have reached their historic low at this time. President
Russian attacks in Ukraine will be less: Russia starts withdrawing its army from Kyiv, know what are the 5 reasons for this
Russia has announced the withdrawal of its army in peace talks with Ukraine. After this, troops have been started withdrawing from Kyiv, the capital of Ukraine. It also included the Russian Battalion
