Bharatpe SCAM ? | Ashneer Grover Secret 🔥 | Bharatpe Controversy | Business Case Study

 Suppose you got an idea and you had a vision and made a company. 

But then someone snatches your vision and idea and fires you from your company. How would you feel? Similar is the story of Bharatpe. Today we see Ashneer Grover as a successful businessman and an amazing Shark Tank's shark. But do you know how he reached here? This video is brought to you by Hirect, about which we will talk later. BharatPe's controversy is everywhere. Everyone is saying -Uninstall BharatPe. After doing all this what Ashneer Grover got is - Pure Hate. Whereas on the other side, BharatPe started in 2018 and within 3 years it is more than 20,000 Crs company.

 So the question is what is BharatPe's and Ashneer Grover's reality? Many less people know but BharatPe from which Ashneer got name, money, fame etc. But actually, Ashneer Grover didn't start it. So the story starts in 2018 when 2 guys from IIT - Sashvat Nakrani and Bhavik Koladiya. They both identified a huge market gap in the digital payment market. The gap was for any digital payment, the vendor had many QR codes. For example, you use Paytm but the vendor has PhonePe QR code then in this scenario you can't make any digital payment. And in 2018, very less people had knowledge of UPI payments. And most painful, all Payment Merchant Companies like GooglePay, PhonePe and Paytm,

 They charged 1.5% of their transaction from vendors as commission. Suppose shopkeeper sold a 200 Rs product on which he gets 20Rs profit, So in this case these companies will charge 1.5% i.e. 3Rs as commission. So now the shopkeeper gets only 17 Rs profit. In 2018, it was 2 years from the time Jio was launched and the whole nation was adopting digital payment methods. And to make benefit from this, PhonePe, Paytm and GooglePay started ruling the digital payment market.

 So the question is when there was already so much saturation in Digital Payment Market, Then how BharatPe defeated big companies like PhonePe, Paytm and GooglePay and dominated market? And if everything was going amazing, Ashneer Grover forged the company to new heights and why did he quit BharatPe? With the motive to solve problems in the Indian Digital Payment Market, When Sashvat Nakrani and Bhavik Koladiya started BharatPe they went to Ashneer Grover for some funding. 

Ashneer Grover who worked in American Express and was also ex-CFO of Grofers, liked Sashvat's idea a lot. And as BharatPe's model was amazingly designed that in future it can become a large-scale profitable business. Seeing this Ashneer gave funding to BharatPe. And from when Ashneer Grover entered in the company, the fate of the company completely changed. Firstly, BharatPe solved the problem of multiple QR codes by bringing a single QR code. Customers use Paytm, PhonePe or Google, merchants can easily take payments from just one single QR code. And most importantly, all payment merchants were working on a commission model.

 BharatPe decided to keep it free for all. Merchants had no need to give any money as commission. And for customers, it was always free. And due to this merchants joined BharatPe without thinking b'coz it was no brainer for them. Payment Merchants like Paytm and PhonePe used to take 2 days to settle payment, BharatPe introduce same-day settlement. And b'coz of this many merchants shifted to BharatPe. You would be thinking if BharatPe is giving everything free, then how this company makes profits? And what's so special about this company that within 3 years of starting, it is now 20,000 Crs+ company? As BharatPe was not able to make money through the commission model, To solve this problem BharatPe used their Artificial Intelligence system. It observed that many businesses run in high cashflow but less margins. So they can't take commissions from them. But many of these merchants need short-term loans and these loans they can't take from banks. B'coz banks don't give loans without collateral.

 And taking loan from bank is a long and hectic process. And BharatPe solved this problem for every merchant. BharatPe developed a Merchant Lending System for every merchant. And b'coz of this, these merchants can take short-term loans for their operational charges without any collateral. I know you would be thinking that how someone can give loans without collateral?

 Isn't it too risky? And at this place, BharatPe's amazing algorithm comes into play. When any merchant receives payment through BharatPe, BharatPe gets lots of data. Through this payment data BharatPe gets to know many things. They come to know about merchants' cash inflow and outflow. That means how much money is coming into business and how much much money is going from business. 

On average how much inventory is left with the merchant? Also, they know how much profit the merchant is making and how much he is saving. These all data is with BharatPe. After analysis of this data, BharatPe decides its repaying capacity. On this basis, BharatPe gives loans to merchant with 2% interest without any paperwork. You will get shocked to know but BharatPe's loan recovery rate is 96%. The question is how is this possible? So banks or any other financial instruments take monthly installments from you for loan recovery. And due to this, you feel stressed to give a huge amount every month. But BharatPe doesn't do this. Instead of taking high installments, BharatPe deducts a small amount from every transaction for loan recovery. 

Suppose you went to a grocery store where you did shopping of 10,000Rs. And that grocery store owner has taken loan from BharatPe. BharatPe will deduct some amount from it as loan recovery amount and the remaining amount is credited to merchant's account. Due to this BharatPe recovers loan on an everyday basis and the shopkeeper also doesn't feel stressed. Ashneer Grover has taken BharatPe to huge heights that today BharatPe is processing loans more than 300 Crs each month. Not only this, All in one QR Code, 12% Club, PostPe, PNC collaborations and with banking lisence - BharatPe is now India's most powerful Payment Merchant Platform.

 The question is After doing all these things for BharatPe, Why Ashneer left BharatPe? This story is very interesting. See there are many perks while working in a startup. You get to build many things from scratch, you get a good salary and ESOPs. You also get opportunity to do networking. And most importantly, if a startup is good then you also get a very good work environment. You know what problem is - People want to work in these starups but they don't know how to get into this startup world. And here Hirect helps you.

 With the help of Hirect you can work in those startups, which gives you good salary with an amazing career growth opportunity. On Hirect, you can talk directly to startup founders and CXOs without any consultant. And on Hirect, more than 60,000 startups are hiring. No need to do much, Link is in the description, Dowload Hirect from there, Then after answering some questions you have to create an amazing profile. And based on that profile, Hirect's amazing algorithm will match you with recruiter. And if we talk about privacy, then don't worry. Any of your detail will not be shared with the recruiter without your permission. If you are a job seeker then many opportunities are waiting for you on Hirect. Then what are you waiting for, if you want growth in your career then download Hiract and start your journey. The Link is in the description. 19 Jan 2022 Ashneer Grover and his wife Madhuri Jain Grover are sent on a long holiday. But the controversy started in October 2021.

 When Ashneer Grover approaches Kotak Mahindra Bank for securities. Ashneer Grover wanted this loan to invest in Nykaa's IPO. But due to some reasons, this loan was not processed. And due to this, a bitter abusive conversation happened between Ashneer Grover and Kotak Manhindra Bank's Wealth Management employee. Unfortunately this call gets recorded. And in January 2022, Ashneer Grover comes into Shark Tank India as a shark. At that time, this recording gets leaked. Now Ashneer Grover was rich as well as famous. But after leak of this call recording, everything changed for Ashneer Grover. After leak of this call, a big Corporate Governance issue also came. And to investigate it a separate firm was appointed. And interestingly, this firm's report gets leaked before reaching BharatPe's office. In that, they came to know that Ashneer Grover and his wife Madhuri Jain Grover are highly involved in false payments and false recruitments matter. It was also found that a lot of money from BharatPe was removed through Shell Companies - the companies which exist on paper and do not perform any operations. Where the money went and to whose pocket it went is still unknown. After this incident, Ashneer Grover had to constrainedly resign from BharatPe. But Ashneer Grover is still telling that - Buy my 4000 Crs stack and I am more than happy to leave the company.

 The matter is still under investigation. Who is right and who is wrong is still unknown. But on one thing we should agree that Ashneer Grover left BharatPe but within 3 years what he did for the company was incredible. 

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