Ashneer Grover Quits BharatPe as Loses He Singapore Arbitration

Ashneer Grover on Tuesday resigned as managing director of fintech BharatPe.

Grover has lost the arbitration battle in Singapore and filed against the fintech platform for launching a probe against him.

Grover claimed that the investigation was illegal because it violated the shareholder agreement.

In a letter sent to the Board, he said that he is being forced to leave a company of which "I am a founder".

The company's key investors are Sequoia Capital that has nearly 19.6 per cent stake, Coatue has 12.4 per cent stake, among others.

The fintech platform has sacked Grover's wife Madhuri Jain Grover over alleged financial irregularities during her tenure as head of controls.