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Bhavik Koladiya takes Ashneer Grover to court over BharatPe share dispute

Bhavik Koladiya and his teacher's son Shashvat Nakrani founded the fintech firm BharatPe in 2017 and Ashneer Grover joined the startup in 2018 as CEO

BS Web Team New Delhi

Bhavik Koladiya co-founded BharatPe in 2018

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Bhavik Koladiya co-founded BharatPe in 2017

2 min read Last Updated : Jan 17 2023 | 10:46 PM IST

Bhavik Koladiya, the co-founder of BharatPe, has filed a lawsuit against his erstwhile partner and co-founder Ashneer Grover, five months after he broke his ties with the startup, reported The Economic Times. On January 18, the Delhi High Court will hear Koladiya's request to regain his shares in the company.

In 2017, Koladiya and the son of his teacher, Shashvat Nakrani, founded the fintech company. The duo started looking for a CEO for the business in 2018, and they then teamed up with Grover.

Shortly after this, Koladiya, who owned about 30.21 per cent of the corporation, was forced to step down due to a prior US conviction for credit card theft.

"I cannot comment on this matter as it is sub-judice now. You can speak to my attorneys," Koladiya told ET.

According to sources with knowledge of the development, Koladiya was forced to resign and sell his interests. His inv