Getting admission for a four-year-old in a reputed private school in India is more difficult than getting into the Indian Institutes of Technology (IIT), according to Ashneer Grover, co-founder of BharatPe.
The situation escalated further when BharatPe sought legal intervention by summoning the Grovers to the Delhi High Court. The company accused the family of orchestrating a "vicious and vitriolic campaign" against them. Among the allegations were the creation of counterfeit invoices, involvement of fictitious vendors providing services to the company, and excessive charges for recruitment services. In response, the fintech unicorn sought damages of up to Rs 88 crore from the Grovers.
The conversation took a detour into the realm of online gaming, as Goyal and others discussed the government s recent decision to impose a 28 percent tax on funds collected by gaming companies from their customers. Many argued that this move was excessively burdensome and discouraged investment in the real-money gaming industry.
BharatPe co-founder Ashneer Grover on Monday reacted to reports of senior executives, including the chief technology officer (CTO) and chief product officer (CPO), quitting the fintech giant.