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.
Maharashtra Politics: Shinde captures Thane and Navi Mumbai, will Shiv Sena be able to save BMC?
Maharashtra Politics: Uddhav Thackeray is facing one big setback after the loss of power in Maharashtra. After Thane, Navi Mumbai Municipal Corporation, now many councilors of Kalyan Dombivli
UNHRC: India lashed out at Pakistan in the Human Rights Council, raised the issue of the forced disappearance of people in Balochistan
India has retaliated to the statement made by Pakistan in the United Nations Human Rights Council (UNHRC). Using the 'right to reply', India said that the representative of Pakistan has once again
Scripps National Spelling Bee: Indian-American student creates history by pronouncing 21 words correctly
History was made last night when 14-year-old Indian American student Harini Logan won the title in her first spell-off match at the 2022 Scripps National Spelling Bee. Harini Logan was once dropped
Weather Update: IMD's alert regarding the cyclonic storm, heavy rain expected in Tamil Nadu-Puducherry and Andhra Pradesh
Along with the hilly areas in the country, the weather has changed in the plains. Winter is increasing in the states of North India. So right there, the rainy season continues in South India. The
The terrorist attack on Norwegian capital: 2 killed, 21 injured in shooting outside London pub in Oslo
Two people have lost their lives and 21 people have been injured in a mass shooting in the Norwegian capital Oslo. The shooting took place outside the 'London Gay Bar' in the capital. The attack came
Who will be the new president of the BJP? Amit Shah and Rajnath Singh had a secret meeting with PM Modi.
Before the election of the BJP President, an important meeting was held at his residence under the chairmanship of Prime Minister Narendra Modi regarding the organizational elections, in which Union
Coronavirus Updates: Decline in Covid cases, 2539 people died of corona in 24 hours, 60 died
A day later, there has been a decline in the cases of Coronavirus in the country. The Ministry of Health has issued an update regarding corona infection. According to the report, 2,539 new cases of
Ahaan Panday was going to become a superhero before Saiyaara, his first film, could not be made due to Ajay Devgan.
Another star kid has made his debut in Bollywood, but in a different way. In the recent past, many star kids including Suhana Khan, Khushi Kapoor and Ibrahim Ali Khan have made their debut, but they
Uttarkashi Cloud Burst: From Sara Ali Khan to Sonu Sood, stars expressed their grief over the Uttarkashi disaster and prayed
After heavy rains on Tuesday, a cloud burst in Dharali, Uttarkashi, Uttarakhand, causing terrible devastation. Dharali village was destroyed in the devastation caused by Kheer Ganga. The entire
Kandahar hijack case: Terrorist who rescued Masood Azhar was killed, flight passenger Rupin Katyal was murdered
More than two decades after the Kandahar plane hijacking, the family of victim Rupin Katyal has finally got justice. It is being told that Zahoor Mistry alias Zahid Akhund, the killer of hijacker and
