Ashneer Grover, a renowned businessman and entrepreneur, has made significant contributions to the Indian business landscape. He gained prominence as a judge on the hit reality show Shark Tank, where he invested in promising start-ups. However, his journey hasn’t been without its challenges. In this article, we will delve into Ashneer Grover’s life, career, and his association with BharatPe.
Early Life and Education
Ashneer Grover was born on June 14, 1982, in Delhi, India. Coming from an affluent and academically oriented family, Grover had a strong foundation for success. He completed his B.Tech in Civil Engineering from IIT Delhi and also had the opportunity to study at Insa-Lyon University in France as part of an exchange program. Following his graduation, Grover’s desire to work for a multinational company led him to pursue an MBA at IIM Ahmedabad, which further honed his business acumen.
Ashneer Grove: Professional Career
Ashneer Grover’s professional journey began with a job as an investment banker at Kotak Bank, where he quickly rose to the position of Vice President. After seven years at Kotak, Grover joined American Express as the Director of Corporate Development in 2013. However, his entrepreneurial spirit beckoned him, and in 2015, he made the bold decision to leave his job at American Express.
In the subsequent years, Grover explored various opportunities and gained valuable experience. He worked with Grofers, a startup, before joining PC Jewellers as the head of new business in 2017. However, his time at PC Jewellers was short-lived as Grover aspired to create something of his own.
Founding BharatPe
In October 2018, Ashneer Grover officially launched BharatPe, a fintech company, with a team of twenty employees. However, he wasn’t the sole founder of the company. BharatPe was initially founded in 2017 by Bhavik Koladia and Shashwat Nakrani. Grover joined the company as the third founder, holding a 32% stake. With its innovative approach to digital payments and merchant services, BharatPe quickly gained recognition in the Indian market.
Ashneer Grover’s Net Worth
Ashneer Grover’s entrepreneurial ventures and successful investments have significantly contributed to his net worth. As of 2023, his estimated net worth stands at an impressive $107 million. In Indian rupees, this amounts to approximately Rs. 790 crore. Grover’s financial success is a testament to his business acumen and ability to identify promising opportunities.
Ashneer Grover’s Role in Shark Tank
Apart from his achievements in the corporate world, Ashneer Grover gained widespread recognition through his participation in the first season of the Indian version of Shark Tank. As one of the judges, Grover evaluated and invested in promising start-ups, showcasing his expertise and business acumen. While he did not return for the second season, his contributions to the show were significant.
Recent Controversies and Resignations
In March 2022, Ashneer Grover faced a major setback in his career. BharatPe removed him from all positions within the company due to alleged irregularities in finances involving Grover’s family and relatives. The Chief Executive Officer (CEO), Suhail Sameer, who had engaged in personal attacks against Grover on social media after his resignation, also resigned from BharatPe. The company has since been embroiled in a dispute with Grover and is facing challenges in maintaining stability.
Conclusion
Ashneer Grover’s entrepreneurial journey has been filled with triumphs and challenges. From his early career in banking to his role as a judge on Shark Tank, Grover has showcased his business acumen and investment prowess. However, recent controversies and his removal from BharatPe have posed significant obstacles. Despite these setbacks, Grover’s net worth and contributions to the Indian business landscape cannot be ignored. As he navigates the complexities of his career, it will be interesting to see what the future holds for this enterprising individual.
FAQs
1. What is Ashneer Grover’s Net Worth?
His networth is 790 crore (2023)
2. What is the name of Ashneer Grover new company?
His third company name is Third Unicorn Pvt Ltd.
3. What is Ashneer currently doing?
Ashneer is building the Third Unicorn along with his wife Madhuri Jain Grover. He laid the foundation of this new startup last year on his 40th birthday in June
