NEW DELHI: BharatPe co-founder and managing director and the investor panelists of the business reality show "Shark Tank" Ashneer Grover have taken a voluntary leave until the end of March.
Grover told the company's Board of Directors earlier in the day of his plan to go on leave, according to the statement.
For the time being, the Board has approved Ashneer's decision, which we believe is in the best interests of the company, our workers and investors, as well as the millions of merchants we serve on a daily basis "It was stated.
Grover's alleged use of abusive language against Kotak Group employees has sparked a public outcry. BharatPe said it in Grover's absence "Our CEO, Suhail Sameer, and our capable management team will continue to guide us.
For the uninitiated, it all started when an audio clip of Grover allegedly abusing and threatening a Kotak Group employee for missing out on share allotment during FSN E-Commerce Ventures' initial public offering (IPO), which operates online fashion and wellness company Nykaa, was leaked earlier this month.
Grover was quick to dismiss the video as "fake," claiming that it was released by a "scammer." However, he later took down the post. Grover had submitted a legal notice to Kotak for failing to provide IPO financing for the Nykaa IPO.
The notice sought damages for the gains Grover and his wife would have made after subscribing to shares worth Rs 500 crore in the company, besides Rs 1 lakh towards the cost of the legal notice.