BharatPe cofounder Ashneer Grover held preliminary talks with investors about selling his 9.5% stake in the fintech startup, potentially paving the way for his full exit, according to source.
Grover initiated the sale discussions in response to an ongoing investigation and an independent audit of BharatPe, which revealed financial irregularities at the startup. The company and its founder have been embroiled in a month-long corporate saga sparked by a leaked audio clip in which Grover is allegedly abusing a Kotak Mahindra Bank employee. Grover's push for a secondary sale indicates that he may be forced out of the company once the final results of the ongoing investigations are submitted. The source said Grover is rushing to close the stake sale before the final probe findings are tabled before the company’s board.