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HomeUncategorizedAshneer Grover resigns from BharatPe, Internet flooded with memes

Ashneer Grover resigns from BharatPe, Internet flooded with memes

Mumbai: Soon after Ashneer Grover, co-founder of fintech firm BharatPe, resigned from the company’s board as managing director and chief executive officer (CEO) on Tuesday, he has become a feast for the memers.

One of the most popular judges on Shark Tank India, Ashneer Grover was known for his outburst on the show. After his resignation, netizens created memes on the comments he had made on the reality show.

Ashneer Grover was forced to resign from the company because he found himself on the other side of the investors and co-founders. “I write this with a heavy heart as today I am being forced to bid adieu to a company of which I am a founder. I say with my head held high that today this company stands as a leader in the fintech world. Since the beginning of 2022, unfortunately, I’ve been embroiled in baseless and targeted attacks on me and my family by a few individuals who are ready not only to harm me and my reputation but also harm the reputation of the company, which ostensibly they are trying to protect,” Grover wrote.

“From being celebrated as the face of Indian entrepreneurship and an inspiration to the Indian youth to build their own businesses, I am now wasting myself fighting a long, lonely battle against my own investors and management. Unfortunately, in this battle, the management has lost of what is actually at stake – BharatPe,” he added.

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Grover’s resignation comes just a few days after the company sacked his wife and BharatPe’s head of controls, Madhuri Jain Grover, over her alleged financial irregularities.

In January, Grover went on a voluntary of absence from BharatPe till March end given the allegations of using abusive language against Kotak Mahindra Bank staff and fraudulent practices.

Grover had said he would be back at the company “on or before April 1, 2022” and he was taking that leave to “rejuvenate and refresh himself for the next sprint of value creation”.

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“I expect to spend the time thinking more deeply about our next phase of product development and BharatPe’s path to profitability and IPO. I will also double down on investing in myself personally. I am a builder and I know my energy is best spent creating value for the millions of Indians we serve each day,” Grover said in his statement, which he shared on Twitter.

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