| Quick Summary Ashneer Grover is a prominent Indian entrepreneur who co-founded BharatPe, which took the digital payment method to new heights. Grover is widely acknowledged by top business magazines, including Forbes, Economic Times, etc.BharatPe’s founder, Ashneer’s net worth is estimated to be around $108 million or Rs 900 Crore. |
Before starting, we need you to guess the person behind these statements – “Ye Sab Doglapan Hai”, “Bhai Tu Naukri Dhoond, Tujhse Nahi Ho Payega”
We’re sure the first person to click your mind after reading these one-liners is none other than Ashneer Grover, right? The former Managing Director and Co-founder of BharatPe, Ashneer needs no introduction today. Whether it’s because of his success or controversies, this Shark Tank India Season 1 judge is a constant name in the headlines.
Well, this is a brief introduction of this prominent Indian entrepreneur, who has come a long way to reach where he is today. There are still many things to unveil about this Shark, which you’ll read in this guide. Therefore, come with us as we reveal interesting facts about this famous businessman.
Baby Steps in Shark Tank to Business Tycoon
Ashneer Grover was one of the seven sharks in Shark Tank India Season 1, which aired from December 2021 to February 2022. He was seated along with some prominent entrepreneurs, including Aman Gupta, Vineeta Singh, Namita Thapar, Anupam Mittal, and more, who were impressed with his business and industry expertise.
Showing interest in start-ups that aimed to solve small business problems, Ashneer was known for being tough but fair in his evaluation. Moreover, Grover’s presence brought the fintech industry to the forefront. Despite his blunt and outspoken attitude, which often created chaos among the judge’s panel, he managed to invest in 11 startups out of 65 deals, with a total amount of Rs. 2.95 crores. Besides, some of his notable investments include BluePine Industries, Revamp Moto, Skippi Pops, and more.
Ashneer Grover’s Notable Investments in Cos
| BharatPe | Trica (Rs 30 lakhs) |
| Credgenics (Rs. 2.5 crore) | Lets Hash (Rs 25 crore) |
| M2P Fintech (Rs 45 lakhs) | EasyRewardz (Rs 3 crore) |
| Big Bang Food Tech | TagZ Foods (Rs 70 lakhs) |
| Freedom (Rs. 25 lakhs) | Zorro (Now Hood) (Rs. 32 lakhs) |
| HireQuotient (Rs. 18 lakhs) | Skippi Ice Pops (Rs 20 lakhs) |
| Fello (Rs.1 lakh) | Junio (Rs 30 lakh) |
| India Gold (Rs 14 crores) | The Whole Truth (Rs 43 crores) |
| Get-A-Whey (Rs 33.3 lakhs) | Paz Care (Rs 25 crores) |
| OTO Capital (Rs 60 lakhs) | Booz Scooter |
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BharatPe Journey: Transforming Digital Payments
As we all know, BharatPe is a QR code-based online payment application for offline businessmen and retailers. Headquartered in Delhi, the company has 5 offices across the country. Alongside UPI, the application also extends Bharat Swipe for card acceptance and small business financing.
Talking about the link of Ashneer Grover with the company – He, along with Bhavik Koladia and Shashvat Nakrani, founded the company in April 2018. Serving as the MD and Co-founder of Bharat Pe during these years, Ashneer Grover BharatPe Shareholding stood at 8.4%.
The Controversy Surfaced
However, the tables took a turn when Ashneer was accused of financial misconduct, including misappropriation of funds, following the leak of an audio clip, in which Grover was found using foul language while arguing with a bank executive over a funding issue. Following internal disputes, BharatPe’s board placed Ashneer on a leave of absence in January 2022.
After an investigation was launched against his actions, Ashneer resigned from his post in February-March 2022. He alleged that the company’s board and investors were plotting against him, forcing him to quit. Thereafter, he filed a lawsuit case against them, thus challenging their allegations and demanding compensation.
Well, throughout this dispute, Grover was candid and vocal about his points and statements, often giving public media interviews in which he expressed his disappointment towards the company and criticized the investors for handling the situation like this.
Ashneer Grover Net Worth
The prominent entrepreneur and businessman, Ashneer’s net worth is estimated to be around a whopping $108 million or Rs 900 Crore, making him one of the richest Shark in Shark Tank India. Apart from BharatPe, Ashneer has invested in around 55 Startups, including The Whole Truth, IndiaGold, OTO Capital, and Front Row. Moreover, he was raised in an environment that focused on entrepreneurship and innovation, thus laying the foundation of his net worth.
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Key Highlights of Grover’s Biography
| Particulars | Details |
| Name | Ashneer Grover |
| Date of Birth | 14 June 1982 |
| Place of Birth | Delhi, India |
| Age | 42 years old |
| Height (approx) | 5 feet 7 inches (1.7 m) (170 cm) |
| Education | Bachelor’s in Engineering from IIT, Delhi Master’s in Business Administration from IIM, Ahmedabad |
| School | Not known |
| University | IIT, DelhiIIM, Ahmedabad |
| Father’s Name | Not known |
| Mother’s Name | Not known |
| Siblings | Amisha Grover (Younger Sister) |
| Wife’s Name | Madhuri Jain Grover |
| Children’s Name | Avy Grover (Son)Mannat Grover (Daughter) |
| Profession | Entrepreneur, Businessman |
| Former MD & Founder | BharatPe |
| Net Worth (approximately) | $108 million or Rs 900 Crore |
Ashneer Grover Biography
Early Life & Education
Ashneer was born on 14 June 1982 in Delhi, India. He was brought up in a middle-class family, where almost everyone was working in different fields. However, there is not much information, but Grover’s father is an Accountant, and his mother is a Teacher. Alongside, he also has a younger sister named Ashima Grover. Since the beginning, he was a brilliant student and completed his 12th from a reputed school.
After 12th, Ashneer decided to not pursue CA like his father and thus, after securing rank 1,832 in IIT-JEE, he embarked on his BTech Civil Engineering course at the Indian Institute of Technology, Delhi, and secured 2nd rank in his department. Adding to Grover’s brilliance, he was one of the 6 students to get selected for a student exchange program at the Institute National des Sciences appliques de Lyon, France. In 2002, he moved to France and secured a Rs 5 Lakhs scholarship from the French embassy. Following the completion of his graduation, Ashneer joined IIM Ahmedabad in 2004 to pursue an MBA (Finance). Grover is currently 42 years old and stands 5 feet 7 inches tall.
Initial Career of Co-founder of BharatPe
After the post-graduation in 2006, he joined Kotak Investment Banking and completed 10 deals with a value of 3 billion dollars and left his job as Vice President in 2007. Following that, he joined Fintech giant American Express, gaining a deep understanding of payment in India. In 2015, this entrepreneur joined Grofers, where he learned about entrepreneurship, business, and investments. Further, he moved to PC Jewelers as a Head of the New Business to learn more about retail. Finally, after leaving PC Jewelers, Grover met Shashwat and Bhavik in 2018, and together they formed BharatPe.
Married Life & Relationship of Ashneer Grover
Ashneer Grover is married to Madhuri Jain Grover. The duo tied the knot on 4th July 2006. She is an entrepreneur and takes care of HR, Finance, and the rest of the internal affairs at BharatPe. Before this, Madhuri was an interior designer who worked for people such as Satya Paula, Alok Industries, and others. She also owns a furnishing business goes by the name.
Despite all the controversies, Ashneer Grover has managed to sail through all the struggles with his determination, skill, mindset, talent, commitment, and dedication. Being fascinated by entrepreneurship and business, he was always focused on bringing a revolutionizing change in the fintech industry, and thanks to BharatPe, which has changed how the fintech industry works. Overall, his journey is quite inspiring for all budding entrepreneurs.
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FAQs About Famous Shark Tank Judge
What is Ashneer Grover doing now?
Ans. December 2022 saw the release of Ashneer’s memoir, ‘Doglapan: The Hard Truth About Life And Start-Ups’. In 2024, Grover announced his plans for ‘Doglapan 2.0’, and now that a film adaptation was also in production, Grover left his followers wanting much more.
What is the monthly income of Ashneer?
Ans. His estimated monthly income would be approximately $83,000 in May 2024. It is derived from his percentage ownership of the company. He has a $2.85 billion valuation through its last funding round.
What is the new venture of Ashneer Grover?
Ans. Ashneer Grover is set to launch a new fintech-based endeavor with ZeroPe, an app for medical loans. ZeroPe, still in its testing phase, has been developed by Third Unicorn, according to its Google Play Store.
What is the valuation of BharatPe?
Ans. BharatPe had last raised a major equity round by achieving a valuation of $3 billion.
Is BharatPe in loss?
Ans. Although due to the controversy with Grover, the company was affected for two financial years, now the company is anticipated to be on track.