BharatPe Settles Dispute With Ashneer Grover

Fintech firm BharatPe and its co-founder Ashneer Grover have reached a settlement, ending a protracted and public legal dispute. Under the agreement, Grover will no longer be associated with BharatPe in any capacity, nor will he hold any shares in the company. Some of Grover's shares will be transferred to the Resilient Growth Trust, while the remainder will be managed by his family trust. The settlement comes shortly after the arrest and subsequent bail of Deepak Gupta, Grover's brother-in-law, over allegations of fund misappropriation. Both parties have agreed to withdraw all legal cases against each other. BharatPe states it will continue to focus on delivering industry-leading solutions to its merchants and customers.