BharatPe Founder Ashneer Grover Resigns After Losing Singapore Arbitration

Ashneer Grover, the founder and managing director of fintech unicorn BharatPe, has resigned as the managing director, on March 1. In addition, the Singapore International Arbitration Centre (SIAC) has refused his arbitration plea against the company for launching a probe against him. Notably, Grover holds 9.5% of the stake in the company worth Rs 1,915 crore along with Sequoia Capital, Coatue, Ribbit Capital, and Bee next.