This company is a Gen Z snack brand that crafts quite innovative and lip-smacking snacks. It facilitates startups to manage ESOP and investors to invest in budding startups. You've successfully signed in. In May 2023, he appeared in a promo video released by the makers of the reality TV show Roadies 19.. The co-founder and former managing director (MD) of Indian fintech firm BharatPe, Ashneer Grover has raised his grievance against the central government's decision to levy 28 per cent GST (Goods and Service Tax) on the commissions that online gaming companies collect from their customers.. Grover took the issue to Twitter to raise his objections against the decision. Namita Thapar Funded Startups in Shark Tank India. It also helps in developing conversational skills among children. This Gurugram-based company had previously raised 3.2 million dollars in a seed round that was backed by 16 unicorn investors. "Let's get some work done in 2023! BharatPe Co-Founder Ashneer Grover's Net Worth Rs 21,300 Crore: Know All About His Investment, Luxury Home And Car Collection After making significant growth of BharatPe, Grover has bought a. On this platform, users can wear a mask or create their own private identity. Ashneer Grover, co-founder of CrickPe, criticizes the Indian government's decision to impose 28% GST on online gaming companies, calling it detrimental to the industry. "We have an economy like Japan which is high on savings which has done well. He worked there for almost 2 years. Zorro is a new-age pseudonymous social network, launched in the year 2021. You can change your choices at any time by clicking on the 'Privacy & cookie settings' or 'Privacy dashboard' links on our sites and apps. M2P Fintech has experienced experts in fintech businesses and banking. The platform enables patients with hearing problems to connect with its wide network of dispensers in the nation. An IIT-Delhi graduate himself, Grover believes in having a small tech team with above average intelligence. Almost every popsicle sold by this company is 100% natural flavors, natural colors, no artificial preservatives, and natural sweeteners. It is an innovative pseudonymous social platform for people to be socially active. 48,743: Bilkent University Alumni Founded Companies . Please try again. Keep money on the table. Then, he joined PC Jewellers as business head. Copyright Startup Authority 2018. They have courses for hobbies, creative arts, and sports. Wiki/Biography Physical Appearance Family Parents Wife & Children Career As an Investment Banker As an MNC Employee As a Chief Financial Officer As the Head of PC Jewellers As a Founder of BharatPe Parents can transfer money using their app. Now, using this card children can learn how to save, earn, and save money for the future. We do not guarantee the factual accuracy of our content. Ashneer Grover is a popular Indian businessman who is the CEO and founder of Indias one of the popular online money transaction platforms, BharatPe. Ashneer has invested in numerous startups over the years. In October 2021, the fintech Unicorn raised INR 100 crore in debt funding from MAS Financial Services Pvt Ltd, to strengthen its merchant lending vertical that had disbursed $400 million in unsecured loans to over 300,000 merchants till then. He worked there for almost seven years. Copyright HT Digital Streams Ltd. All rights reserved. Fello 8. She also worked with south Indian actress Asin and her husband, Rahul Sharma. Ashneer Grover and eight other investors contributed $4.5 million to the companys Series A round. Today, there are so many Ashneer Grover-invested companies running successfully in the market. Ashneer Grover, co-founder and managing director, BharatPe. Ashneer Grover has indeed made his name and mark in the entrepreneur industry an unforgettable one. Reportedly, he took this move soon after receiving an upcoming board meeting agenda in which the consideration of action against him was supposed to be included based on the report submitted by advisory firm PwC. Ashneer Grover has always been on the top when it came to investing in business or funding startups. They do not appreciate mass-produced fatty snacks that are unhealthy for human health. Discounts on Smart TVs in Amazon Prime Day Sale Limited Time Offer! Ashneer Grovers wifes name is Madhuri Grover. BYJU appoints Lionel Messi as Global Ambassador, 120 105 , Gold Price Today: -, MCX , Gold Price Today: -, . The company raised $2.5M as Seed VC from Ashneer and other investors. It began in the year 2020. The company also offers insured lockers to their customers. The cars number plate reads ASHNEER G., Ashneer Grover with his Mercedes-Maybach S650, He also owns a Mercedes Benz GLS 350, Audi A6, and Porsche Cayman. The decision will impact several gaming companies, including Dream11, MPL, Gameskraft, and Games 24x7. Also, it has set a target of building a loan book of $5 billion in the next five years to address the unmet credit gap among millions of SMEs in India. Produce Read-Only or Write Protected USB Flash Drives with Nexcopy USB Duplicator Systems. It enables brands to provide better customer experiences and build stronger bonds with them. In 2021, Ashneer Grover appeared as a judge in the popular Indian reality show Shark Tank India. EMEA +44 20 7330 7500. It brings us Indias first healthy ice cream. Ex Shark Ashneer Grover Schools GenZs For Pretending To Know-It-All. It has formed alliances with a number of banks and NBFCs in order to provide funding to its customers. In 2013, he joined as the director in Amex, (American Express), an MNC, and he served there for two years. Being a motivated entrepreneur there are many startups funded by Ashneer Grover and startups invested by Ashneer Grover. He recently appeared as a shark in the Indian version of the show Shark Tank. If you look at Nykaa, they got a good premium as they are the only player in this space at that scale," he said. Search Crunchbase. He has funded many startups in the fields of fintech, healthcare, gaming, etc. Here the types of classes include comedy, music, cricket, and more. Skippi Ice Pops is known to be the best-frozen popsicle in India. The startup strengthens the ability to read and speak in English. After completing his MBA in finance, Ashneer Grover got placement as vice president in Kotak Investment Banking in 2006. BharatPe has launched a shareholding program for its merchant partners with a total pool of $1 billion by the time the company goes public, the timeline of which is not disclosed yet. After downloading the app from Play Store, customers can avail interest-free credit limit of up to INR 10 lakh. This ice popsicle brand was founded by Ravi and Anuja Kabra in 2020. The company does not ask for any KYC to order the physical card. Maharashtra Institute of Technology Alumni Founded Companies, Rhodes University Alumni Founded Companies, City University of Hong Kong Alumni Founded Companies, Nottingham Trent University Alumni Founded Companies, Federal University of Minas Gerais Alumni Founded Companies, India Companies With More Than 500 Employees, Weatherhead School of Management at Case Western Reserve University Alumni Founded Companies, InHolland University of Applied Sciences Alumni Founded Companies, Apps Companies With Less Than $500M in Revenue (Top 10K), Number of portfolio companies associated to the Person, Number of Organizations that the person founded, The organization associated to the person's primary job, Where the person is located (e.g. On the other extreme, we have an economy like the US which is high on consumer behaviour and consumption. These locations provide wifi, food, and other necessities for working. It is avirtuallearning platform that was launched in 2012. It was established in the year 2020. Give them good salaries and market leading equity ownership. These places have wifi, food, and other working essentials. Grofers, American Express, PC Jeweller Ltd., and Kotak Investment Bank are among them. Attended Indian Institute of Technology, Delhi. Please go through the Privacy Policy, Terms of Use, and Content Disclaimer carefully. There are 24+ companies that Ashneer Grover has already invested in. Bootstrapped. These include Grofers, American Express, PC Jeweller Ltd., and Kotak Investment Bank. BharatPe MD and cofounder Ashneer Grover. MyHQ offers co-working spaces without any fixed monthly rent. Meta's Twitter competitor Threads reaches 100 million sign-ups in 5 days, Mark Zuckerberg reacts, Nothing Phone (2) quick review: Sensible upgrades, Microsoft lays off more employees in addition to 10,000 job cuts in January, "Remove it now": Woman questions bus conductor in Bangalore over skull cap, Rain lashes parts of Delhi, waterlogging causes traffic congestion, How BBC anchor Huw Edwards got involved in a sex scandal, Always gladdening to meet Sheikh Mohamed bin Zayed Al Nahyan: PM Modi in UAE, UPAs name likely to be changed, say sources ahead of Bengaluru Opposition meet, Video: Bhopal-Delhi Vande Bharat train coach catches fire. The company raised 100 crores INR /Series A funding round from Ashneer and eighteen other investors. Their ice popsicles contain no artificial colours, sweeteners, or preservatives; instead, they are all natural. They are made with natural ingredients like cocoa, dry fruits, and raw whey. Ashneer was one among the seven investors for the pre-seed funding round of the company that raised $650,000. It started in the year 2020. It is a tech-based health insurance platform, founded in the year 2020. [5]LinkedIn, After leaving Grofers Ashneer took a break from work, and he met various investors and tried making more networks. Nikhil Saraf is the founder of Freadom learning platform. Grover is highly opinionated and doesn't hesitate to speak his mind when it comes to startups' IPO play. This enables the members to track and manage their loyalty balances across hotels, airlines, and shopping. Today, there are so many Ashneer Grover-invested companies running successfully in the market. I'm very keen to understand what the market is saying. Other than that, this company offers instant loans and gold loans at very low interest. Live TV Loading. Here are list of best Platforms to Invest in E-gold. The bars are packed with nutrition and make for a wholesome snack. It provides credit access to this segment by making the supply chain more efficient. Ashneer was one of eleven investors in the companys 43 crore INR Series A funding round. Opinions expressed by Entrepreneur contributors are their own. Great! Your account is fully activated, you now have access to all content. Ashneer Grover (@Ashneer_Grover) July 12, 2023 The tax on online gaming companies would be imposed without making any differentiation based on whether the games required skill or were based on . In December 2022, the makers of the Indian web series Pitchers announced that Ashneer will join them in their season 2. Grover was one of eight investors who participated in a $25 million Series A funding round. It is also a Thrasio-style restaurant that is founded by Sonia Sinha, Sonia Mohindra, Manu Mohindra, and Abhimanyu Singh Rana. They deliver custom strategies for higher recovery rates at lower costs by leveraging automation intelligence and the best legal practises. MyHQ provides co-working spaces for a flat monthly fee. [3]LinkedIn, In 2013, Ashneer Grover joined as a director in Amix (American Express), which is a multinational company. It is also keto-friendly. If the govt is thinking people will put in Rs 100 to play on Rs 72 pot entry (28 per cent Gross GST); and if they win Rs 54 (after platform fees) - they will pay 30 per cent TDS on that - for which they will get a free swimming pool in their living room come the first monsoon - not happening! [7]The Times of India, In 2021, PhonePe, after filing a lawsuit against BharatPe claiming trademark rights over the suffix, sought speedy disposal of the main lawsuit. It has features such as ESOP (employee stock ownership plan) management, primary fundraising, and liquidity solutions. For example- Pocketly, Credgenics, Freadom, Zorro, etc. Take a look at his age, family, educational qualification, net. And we are doing things differently. We are in no rush to get to a bigger number, we are solving for the fundamentals," he said. It is a technology-enabled recovery platform, founded in the year 2018. This startup, founded in 2019, is a supplier of snacks and food products. Ashneer was honoured with the young achievers award in January 2021. We at Third Unicorn have been quietly and peacefully building a market shaking business. Its features include ESOP (employee stock ownership plan) management, primary fundraising, and solutions for liquidity. (Image source: LinkedIn/Ashneer Grover) Fintech platform BharatPe on Wednesday removed co-founder and managing director (MD) Ashneer Grover from all positions in the company. Ashneer completed his schooling in Delhi, then he did B.Tech in civil engineering at IIT Delhi. HireQuotient is a platform for skill assessment. Ashneer Grover founded BharatPe, a payment application, in 2018 and will leave the company on February 28, 2022. This can be used for both offline and online expenses. Not just that, Grover rolled out the first batch of BMW bikes for new joinees in the tech team in July 2022. The company raised a seed round of $3.2M from Grover, 3one4 Capital, and twelve other investors. He has both funded and invested in many startup companies. All of its products that are sold in the market are made from natural ingredients. I refused to buckle. Another food startup company on the investing list of Ashneer Grover. Ashneer Grover, a founder and the public face of BharatPe, has resigned from the board and left the managing director position he held at the Tiger Global-backed Indian fintech startup following . The new tax rate will be imposed on the entire transaction value in the case of online gaming. Junio raised a $3M seed round from Grover and five other investors. Gold is a common investment of every Indian. The launch comes ahead of the Indian Premier . Dhandha karne aaya hun (I'm here to grow my business).". StartupTalky is where founders, entrepreneurs, startups and businesses hang out and look up to for inspiration. Next, complete checkout for full access to StartupTalky. Grover was always clear that eventually they would have to become a bank and he firmly believes that in a few years Unity will be a very different digital banking experience than any other traditional bank in the market or anyone claiming to be a neobank as well. Madhuri Grover has also done the interior of her house in South Delhi. Furthermore, within three years of its launch, BharatPe entered the coveted Unicorn club in August 2021 after raising $370 million at a $2.85 billion valuation. Without limelight. They recognized a loophole or gap in the market and started to work on their dream to serve popsicles in a more flavorful way. When Ashneer started BharatPe, he could not afford many employees, he needed someone who could manage the internal operations of the organization, so Madhuri joined BhartPe. In January 2022, an audio clip went viral in which Mr. Grover had a huge fight with the Kotak Mahindra Bank. Founded in March 2020 by Aprameya Radhakrishna, Mayank Bidawatka, the Koo App won the AatmaNirbhar innovation challenge and is a promising Made in India service platform, which aligns with the vision of PM Narendra Modi. Ashneer Grover is the Managing Director and Co-founder of BharatPe. The new tax rate will be imposed on the entire transaction value in the case of online gaming. With this deal, the company was valued at 2.85 Bn. He put in 20 lakh INR for a 3% stake in the company. Businesses can make repayments later and thus better manage their finances. Koo is a micro-blogging platform from India. He firmly believes that the moment one comes up and says the company is very big, but there is no differentiation, that's where the market doesn't seem to be rewarding. Ashneer Grover (standing left) with Suhail Sameer and Shashvat Nakrani. We, TechCrunch, are part of the Yahoo family of brands. In this show, people come up with their startup business and ask the judges to invest in their business. The company raised an undisclosed amount from Ashneer and seven other investors. Get-A-Whey is an ice-cream brand, founded in the year 2018. Many platforms allow users to invest in e gold. The fintech firm accused Grover's family and relatives of engaging in extensive misappropriation of company funds. All HNIs and institutional investors apply in the last two hours of the IPO. Ashneer Grover South Delhi, Delhi, India 440K followers 500+ connections Join to view profile Self-employed About Free - Master of Me Shark in 1st Season of Shark Tank India. The show is the Indian franchise of the American show Shark Tank. It is a cloud-based CRM, Loyalty, and Conversational Commerce platform that is industry-agnostic. Jan 11, 2023 10:30 AM IST The former 'Shark' had announced the venture on his 40th birthday in June last year. In a joint statement issued, the three industry bodies said that what is more worrying is some media reports suggesting that the tax may be levied on a total pool (prize money pooled plus the platform commission) and not on Gross Gaming Revenue (GGR). One week after BharatPe founder Ashneer Grover was put on a leave of absence by his board, his wife Madhuri Jain Grover, Head of . Save my name, email, and website in this browser for the next time I comment. Junio is a smart card-offering company. This startup enables employers to make better and more informed healthcare decisions for their employees. Support. It was founded in the year 2011. In total, it has facilitated disbursals in excess of $400 million in unsecured loans to over 300,000 merchants. You've successfully subscribed to StartupTalky. He was one of the most famous investors at Shark Tank India. Interestingly, the most popular snack sold by this company is potato chips which are neither fried nor baked. Wait to see what is happening," he said. No amount of people can solve that problem. It is a microlending platform for college students that was originally established in 2019. He has penned an autobiography titled Doglapan. He informed his followers about this autobiography on Twitter in November 2022. On February 4, reports emerged that an independent audit of BharatPe ordered by its board had found evidence of fraudulent transactions in recruitment and payments to non-existent vendors. The platform also conducts regular activities and competitions to enable the learners to practice more. She is also an entrepreneur. It is Indias first comprehensive learning platform for children aged 3-10. Its also keto-compliant. About Ashneer Grover Ashneer Grover will shake up the auditions as he comes armed with 2000 Roadiums, and gang leaders Gautam Gulati, Rhea Chakraborty, and Prince Narula will be pitching to Ashneer to partner up with them. And, lastly, when asked about his time away from work, Grover says, "I don't party, I don't read, all I know is how to grow your business and make money.". San Francisco Bay Area, Silicon Valley), This describes the type of investor the person is (e.g. Interestingly, one of the investors was Ashneer Grover. Throughout the years of his entrepreneurship, he has funded many startups like Rupifi, Junio, Trica, earKart, and more. Because we had the right tech, I could scale up to the level we have," he said. Banks, payment networks, businesses, and merchants are all linked by the platform. The startup was founded in the year 2021. Jan 10, 2022. M2P Fintech has seasoned experts in the fintech and banking industries. Ashneer Grover and five other investors contributed 3 million dollars to this company. The company has features like credit extensions, transparent costs, and online support. For reprint rights: Ashneer Grover says startups founders must enter politics, slams govt over 28 per cent tax on online gaming. They use automation intelligence and the best legal ways to deliver custom strategies for higher recovery rates at lower costs. The company raised 14 crores INR from Ashneer and nine other investors. Brand's Note : All logos and brand names are registered trademarks of respective companies and organizations: they are used for the sole purpose of convenient identification of the intendend brand. World-famous entrepreneur Ashneer Grover was a part of an elite group of six students who were selected for an exchange program to France. Its a 2021-based HR tech startup. Ashneer Grover along with eight other investors contributed 1 million dollars to this unique business platform. People can wear a mask or build their private identity on this platform. Ashneer Grover within a month established a network of 11 lakh merchants and facilitates over 15 million monthly UPI transactions. It shows entrepreneurs making business presentations to a panel of investors or sharks, who decide whether to invest in their company. They offer courses in sports, creative arts, and hobbies. The company raised $1.8 M for a pre-seed round from Ashneer and seven other investors. BharatPe is Indias first UPI interoperable QR code, with the first ZERO MDR payment acceptance service and the first UPI payment backed merchant cash advance service. Techstory.in is a website about exciting startup stories and inspiring entrepreneur journeys. From politics and policies to the economy and the environment, from local issues to national events and global affairs, we've got you covered. Ashneer definitely has made a place on top for himself in the startup industry. It uses machine learning and artificial intelligence to provide instant and short-term loans. Junio 9. Later, Mr. Grover took to Twitter and termed the audio clip fake. He co-founded the company along with Shashvat Nakrani in 2018. The goal of this company is to revolutionize the non-tech hiring process. In 2018, Ashneer came up with the idea of BharatPe, which went on to become one of the most used payment applications in India. BharatPe serves more than 7 million merchants across 140-plus cities. As a result, the brands sales increase, while small retailers expand. While he relinquished the roles of BharatPe MD. It comes in various flavors that are not only delicious but also natural and healthy. Ashneer Grover along with eleven other investors contributed Rs 43 crore to this beautiful company in Series A Rounding. Bhushan is the founder and CEO of BrightCHAMPS. He has a keen eye for startups that holds great future potential in them. Success! Ashneer joined the show as one of the investors. 500 crores ahead of Nykaas IPO launch, which the bank refused to give him. 1. The company was founded way back in 2000. This startup provides gold loans and gold locker services. Ashneer and nine other investors contributed 14 crores INR to the company. Sorry, something went wrong. There, he contributed to the funding of various startups. Your email address will not be published. With its monthly orders surging by 50% within just 2 months, Big Bang is a startup to be checked out. Ashneer Grover was born on Monday, 14 June 1982 (41 years; as of 2023) in Delhi, India. It offers a digital pocket money-smart card for children. He is the man who organized the unorganized sector of payments in India. Solutions. It was appreciated by many people who had them. His appearance on Shark Tank India made him an even more popular name in the entire country. The parts of the lending business which are de-risked enough for the bank to fund, will get funded by the bank," he said. How to Improve Google Ranking Without Getting Penalized? After surprise visit by Ajit and 9 rebel MLAs, Sharad Pawar says Bengaluru teen set on fire, family opposed his relationship with relative, Uttarakhand on alert as Ganga breaches danger mark, Yamuna rises again in Delhi. Shourya Lala and Manish Maryada in 2021 founded this company. Currently, this social networking company is doing quite well in the market. "What we do as a business at BharatPe continues as it is. According to Ashneer, during the starting days of the BharatPe, he along with his wife, Madurai and children, fixed BharatPe stickers at the merchant outlets. Ashneer and other investors contributed $2.5 million to the companys Seed VC round. Ive got more character. Trica was founded in the year 2018. They were booked under eight sections of serious cognisable criminal offences, including 409 (criminal breach of trust by public servant, banker, merchant, or agent), 420 (cheating and dishonestly inducing delivery of property), 467 (forgery of valuable security, will, etc. Ashneer has been one of seven investors in the companys pre-seed funding round, which raised $650,000. This game-based saving and investment platform allows users to save, play, and earn rewards. According to Ashneer, he declined to participate in Bigg Boss 16 when the makers of the show approached him to participate in the show. Europe, Menlo Park, China), Where the person is located (e.g. [1] LinkedIn When he was working in PC Jewellers, he got the idea of BharatPe. Before that, he has worked in many esteemed companies. Asia Pacific +65 6212 1000. Did you know? Classes here include comedy, music, cricket, and others. Ashneer Grover is a popular Indian businessman who is the CEO and founder of India's one of the popular online money transaction platforms, BharatPe. SA is dedicated to provide the complete solution to new startups, Amazing Way of Creating Business Without Money, Wooh!