Months after his arguable go out from BharatPe, Ashneer Grover and his spouse Madhuri Jain have commenced a brand new corporation – Third Unicorn – in keeping with filings with the Ministry of Corporate Affairs (MCA).
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The former coping with director and co-founding father of BharatPe mounted the corporation on July 6, 2022, together along with his spouse and has no different administrators as of now aside from the couple.
The legal capital for the corporation is said to be Rs 20 lakh and the paid-up capital is Rs 10 lakh. Though it’s far nevertheless uncertain as to which zone his corporation will perform in, the Memorandum of Association (MoA) filed beneath MCA factors in the direction of a tech-enabled corporation.
Ashneer Grover, who became forty on June 14, had hinted approximately his new mission in a tweet saying, “Today I flip forty. Some will say I’ve lived a complete existence and skilled extra matters than most. Created price for generations. For me, it’s nevertheless unfinished business.
Time to disrupt any other zone. It’s time for the Third Unicorn!!”
Grover has been withinside the talks to begin something new of his following allegations of misappropriation of corporate funds, which sooner or later brought about the departure of each from the corporation.
Grover resigned from the fintech startup in March this 12 months claiming disrespectful remedy and vilification. Both Grover and Jain have maintained that their ouster from BharatPe became unfair and blamed CEO Suhail Sameer and chairman Rajnish Kumar for the same.
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I am the unmarried biggest shareholder of BharatPe. I resigned from the corporation and the personnel and it might have been incorrect for me to not ‘live away. And there’s a price to my stake,” Grover had stated in one of a kind interview with EdTech on March 1 after tendering his resignation.
Timeline of Ashneer Grover:
Grover had filed for an emergency plea withinside the Singapore International Arbitration Centre (SIAC) to prevent a “governance review” which became searching into allegations of economic irregularities on the fintech corporation however it was rejected by the global arbitrator.
Consulting corporation Alvarez & Marsal’s preliminary research confirmed that Grover’s circle of relatives members, inclusive of his spouse, the previous head of controls at BharatPe, had been allegedly concerned in economic irregularities in the corporation.
