Hello friends, today we are going to tell you about Ashneer Grover’s Early Life, Career, Family etc. You all must have heard the name of Shark Tank India which is a reality show. Ashneer Grover would be known to almost every viewer in India who watches Shark Tank India. But those who do not know, all those people can read this article of ours.
Ashneer Grover is an Entrepreneur and Investor. Shark Tank India reality show is aired on “Sony TV” . The second season of the show which started recently has been well received by the audience.
Let us tell you that Ashneer Grover was earlier working as the co-founder and managing director of “Bharat Pay”, but due to the allegations against him and some controversies, later Ashneer Grover had to part with the Bharat Pay company . Today we have brought for you the biography of Ashneer Grover in this article. You are requested to read the article till the end.
About Ashneer Grover
|Birth place||New Delhi|
|Date of birth||14 June 1982|
|Educational qualification||B Tech, MBA|
|College||IIT Delhi and IIM Ahmedabad|
|Age||40 years (2023)|
|Occupation||Bharat-Pe company owner|
|Wife’s name||Madhuri Jain|
|Profession||Entrepreneur, Businessman, Angel Investor|
|Reason to be famous||Judge on Shark Tank|
|Height||about 170 cm|
Education of Ashneer Grover
He completed his initial schooling at Delhi Public School. Subsequently, he pursued a B.Tech degree in Civil Engineering from IIT Delhi College. After that he decided to spend a year studying at Insa Lyon University, in France. Once he completed his studies he returned to India. Got accepted into IIM Ahmedabad, where he successfully obtained his Master of Business Administration degree.
Must Read – How to Invest In Great Startups in India 2023
Family of Ashneer Grover
|Father’s name||is unknown|
|wife’s name||Madhuri Jain|
|children’s name||Son Avi Grover Daughter Name Mannat Grover|
Ashneer Grover Career
- He became Vice Chairman at Kotak Finance Banking after being selected during campus placement from IIM. He remained with Kotak for nearly seven years starting in 2006.
- In 2013, Ashneer joined American Express, a company providing Paytm card services, and worked there for two years.
- Leaving American Express in 2015, he became the CFO of Grofers (Blinkit).
- He worked at PC Jeweler as the Head of New Jewellery in 2017 for a year.
- Then, in 2018, he co-founded Bharat Pay along with Saswat Nakrani.
- 2021 saw a new career milestone as he became a judge on Shark Tank India.
- On March 1, 2022, Ashneer Grover resigned from Bharat Pay.
Starting BharatPe Business
As we mentioned before, he always dreamt of having his own business. So, in 2018, he started his own company called Bharat Pe. At the beginning, he needed to pay his employees, but there wasn’t enough money. Luckily, his wife pitched in and helped with tasks like banking, HR, and finances for the company.
Net worth of Ashneer Grover
Apart from BharatPe, Ashneer has invested in 55 start-ups, including The Whole Truth, IndiaGold, OTO Capital and Front Row, etc. Ashneer Grover has an estimated net worth of US$ 105 million, if we convert it into Indian rupees, it will be 790 crores.
Ashneer Grover Award
Ashneer Grover received two awards in the year 2021, about which we have told you below –
- Entrepreneur of the Year Award
- Young Achievers Award
Why Grover had to separate from BharatPe company
You might already know that on March 1, 2022, Ashneer Grover stepped down from his role as MD and Co-Founder of BharatPe Company.
The board members of Bharat Pe Company, which is a Bangalore-based Fintech Pvt Ltd, accused Ashneer of various wrongdoings. They claimed that Ashneer treated them poorly and with disrespect, almost like they were being treated as subordinates.
Because of these accusations, earlier this year, a 4-minute 29-second audio recording of Ashneer started circulating online. In the audio, Ashneer could be heard using offensive language while talking to an employee of Kotak Mahindra Bank. The image below provides more details about the disagreement involving Ashneer.
Ashneer reached out to the Singapore International Arbitration Center (SIAC) in hopes of investigating the allegations made against him. Unfortunately their assistance was not forthcoming. Consequently Ashneer Grover found himself compelled to resign from his position, in the presence of the companys board members. The company also let go of Ashneer’s wife, Madhuri, because they believed she was involved in the company’s business matters and did something wrong.
List of investment companies
|2||Egregore Labs (Trading Analytics)|
|3||Atom Finance (Investing Tools)|
|4||LenDen Club (P2P NBFC)|
|5||AngelList India (investing)|
|6||M2P (card issuance)|
|7||Uni (consumer credit)|
|8||CredioGenics (Collection Saas)|
|11||Meddo (Primary Healthcare)|
|15||LiquiLoans (P2P NBFC)|
|17||India Gold (gold loan)|
|18||JUNIO (Payments for kids)|
|19||MyHQ (co-working space)|
|20||Ash (alternative tobacco)|
|21||Park+ (Parking assistant)|
How much money does Ashneer Grover have?
Ashneer Grover is one of the wealthiest sharks on the show, with a reported net worth of up to Rs. 700 crores, according to GQ India.
Did Ashneer Grover invest in Shark Tank?
Ashneer Grover, invested ₹2.95 crores | 11 deals in Shark Tank Season 1. Earlier, PrivateCircle reported that Namita Thapar is the most active investor in season one, having finalised investment filings for 13 companies, boasting an impressive fulfillment rate of 59 percent by July 12, 2023.
Who is richer Ashneer Grover or Amit Jain?
With a massive empire, CarDekho CEO Amit Jain is by far the richest judge of Shark Tank India Season 2, widely surpassing all the other sharks on the judge’s panel. Amit Jain replaced BharatPe founder Ashneer Grover on Shark Tank India, who has a net worth of Rs 700 crore.
Who found Bharat pay?
Ashneer Grover (Founder & Chief Executive Officer) Shashvat Nakrani (Co-Founder)
What does third unicorn do?
Third Unicorn is a tech start-up by Ashneer Grover. Madhuri Jain Grover and Aseem Ghavri are the Co-founder of Third Unicorn. We at Third Unicorn seek to usher a new era for Indian startups which are lean, capital efficient, have positive unit economics and truly tech driven.
What did Ashneer Grover study in IIT?
Ashneer Grover did B. Tech in Civil Engineering from IIT Delhi. He also went to Insa-Lyon University, France for one year.
How many companies Ashneer Grover has invested in?
Ashneer seth Grover has made 27 investments. Their latest investment was Venture Round – Zippee on Jun 28, 2023 , when Zippee raised $1.6M .