NEW DELHI: BharatPe cofounder Ashneer Grover has demanded a payout of Rs 4,000 crore from investors to buy out his stake if they want him to exit the company despite being accused of financial fraud.
The latest is that he has already held talks to sell his 9.5% stake in the fintech startup, which could pave the way for his full exit rather than being embroiled in a long, legal battle with the board members. Sequoia Capital India, Coatue Management and Ribbit Capital are the three largest shareholders of BharatPe and hold right of first refusal (rofr) on founder’s shares and tag along rights.
