Bhavik Koladiya, co-founder of BharatPe, has filed a lawsuit against his former partner and co-founder Ashneer Grover, five months after he severed ties with the startup. The Delhi High Court will hear Koladiya’s request to reclaim his shares in the company on January 18.
Koladiya and his teacher’s son, Shashvat Nakrani, founded the fintech company in 2017. In 2018, the duo began looking for a CEO for the company, and they eventually teamed up with Grover. Soon after, Koladiya, who owned approximately 30.21 percent of the company, was forced to resign due to a prior US conviction for credit card theft.