BharatPe co-founder to go on leave amid dispute with Kotak Mahindra Bank

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BharatPe co-founder Ashneer Grover has announced that he will take a temporary leave from his job as company head. He is going on voluntary leave to “rejuvenate and refresh”. Grover’s move comes days after a controversy erupted over his argument with a Kotak Mahindra employee.

In a tweet, Grover said that he is taking leave till the end of March. In his statement, he explained that the holiday aims to focus on value creation within the brand. The statement said, “I have been working continuously in the making of BharatPe for almost 4 years. After much deliberation and introspection, I plan to take a temporary leave of absence from BharatPe by the end of March. I Will be back on or before April 2022. I will use this period to rejuvenate and refresh myself for our next sprint of value creation.”

He continued, “I look forward to spending time thinking more deeply about my next phase of product development. And BharatPe’s profitability and the path to IPO. I personally would also double down on investing in myself.” I am a builder and I know that my energy is best spent creating value for the millions of Indians we serve every day.”

Grover further added, “At BharatPe we have delivered 40 months of full growth and have an exceptional team of professionals who have built BharatPe, Postpay, 12% Club and Payback. The team caters to the financial needs of small merchants and credit-seeking customers. We are passionate about solving this and I am excited about what we are planning to build with our partner Centrum at Unity SFB. I am confident that the team will continue to do well under the leadership of our current CEO, Suhail Sameer.

Kotak Mahindra also recently announced in a statement that it would take legal action against Ashneer Grover and his wife Madhuri for using abusive language against their employees. Grover and his wife blamed Kotak Mahindra Bank for not being able to secure the financing and allotment of shares during the Nykaa IPO last year.

The post of BharatPe co-founder going on leave amid a dispute with Kotak Mahindra Bank first appeared on BGR India.

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