Ashneer Grover, former managing director and founder of BharatPe, is not only a successful entrepreneur but also a writer, thought leader on various facets of life, from business and self-improvement to taxation and political aspirations. In this article, we’ll explore the Grover’s personal details, background and perspectives on the diverse topics and dive into his life journey, shedding light on both his successes and controversies.
Table of Contents
Ashneer Grover: Background and Personal life
Who is Ashneer Groover?
Ashneer Grover is a Popular Indian entrepreneur, former managing director and founder of BharatPe, an online platform for money transactions. He was born in Delhi, on June 14, 1982. After completing his education in Delhi, Ashneer attended IIT Delhi to pursue a B.Tech in civil engineering. Ashneer was one of the six students chosen by IIT Delhi to study abroad at the University of INSA Lyon, Institut National Des Science Appliquees de Lyon, France for his graduation year.
Ashneer Groover enrolled at the Indian Institute of Management, Ahmedabad’s MBA in Finance program in 2004. In 2006, Ashneer began working with Kotak Investment Banking as a vice president. He began working for the multinational corporation Amex (American Express) in 2013 and stayed for two years. After all of this, he decided to try something different. He made networks and spoke with a number of investors before joining PC Jewellers as business head and assisting them with their payment options and business development. He had the concept for BharatPe while he was employed at PC Jewellers.
Ashneer along with Bhavik Koladiya, and Shashvat Nakrani started BharatPe in 2018, and it’s currently one of the most popular payment apps in India. His appearance on Shark Tank India, season 1, made Ashneer Grover a social media Celebrity. He has, however, also discussed the drawbacks of celebrity, such as having to remove offensive remarks at three in the morning.
What is the Ashneer Grover age?
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Ashneer Grover on Shark Tank
Ashneer Grover was one of the most well-known judges from Season 1 of Shark Tank India. Ashneer’s appearance on Shark Tank India made him a social media celeb. On many occasions he discussed the drawbacks of social media and being a celebrity, such as having to remove offensive remarks at three in the morning. He says, “Social media has two sides. Although it can be an excellent tool for marketing and communication, it can also be a source of hostility and abuse”.
What did Ashneer Grover tell about quitting the Shark Tank?
Following the first season, Ashneer departed Shark Tank India. Although he has stated in interviews that he did not appreciate the experience, it remains unclear why he left. He said in jest that the producers of the show could no longer afford him when questioned about it.
Ashneer Grover: A thought leader
Ashneer often seen in podcasts and interviews advocating vocally on his thoughts, believes, on Indian entrepreneurship, government policies among many others. We analyzed one of his interviews and here are the highlights:
Entrepreneurial Insights: Grover’s thoughts on entrepreneurship reflect a pragmatic and problem-solving approach. He emphasizes that entrepreneurship is not about being a hero but about solving problems and making a meaningful difference in society. According to Grover, it’s a journey marked by challenges and growth.
Self-Improvement Philosophy: For Grover, the key to personal and professional growth lies in continuous learning. His belief that “if you’re not learning, you’re not growing” underscores the importance of adaptability and resilience in the ever-evolving landscape of business and life.
Taxation Advocacy: In a bold statement, Grover expresses his stance on taxation, proposing a significant reduction. He envisions capping income tax at 10%, showcasing a belief that a simplified tax system can lead to increased compliance and revenue collection, potentially fostering economic growth.
“Why should Arvind Kejriwal be the only IITian to join politics?”
-AShneer
https://www.sociobits.org/2022/06/ashneer-grover-quotes/8120
Political Aspirations and Critique: Grover’s political aspirations come into focus as he questions the status quo. In a candid remark, he challenges the notion that only individuals like Arvind Kejriwal should enter politics, hinting at a desire to contribute meaningfully to the political landscape.
What are the top Ashneer Grover quotes?
On entrepreneurship: “Entrepreneurship is not about being a hero. It’s about solving problems and making a difference.”
On self-improvement: “If you’re not learning, you’re not growing.”
On taxation: “I will cap income tax at 10 per cent if made Chief Minister.”
On political aspiration: “Why should Arvind Kejriwal be the only IITian to join politics?”
Ashneer Grover: A Writer
Ashneer released his first book in December, 2022. It’s interesting that the title of the book, Doglapan (double standards), is one of Grover’s well-known expressions from his time working on the Shark Tank sets in India. Grover claims that the book, which is published by Penguin India, is “all about the hypocrisy of life – success in failure and failure in success” and offers “hard truths” about start-ups and life.
Grover first announced the news on his book on Twitter, claiming that this book will offer an insider’s perspective on the unicorn world. “Is kitab padhne ke baad ya to aap ek dum apni naukri chhod doge ya fir zindagi bhar naukri hi karoge. At least beech mein nahi phase rahoge. To get absolute clarity in life – read my incredible life story !”, he tweeted on his book.
Ashneer: A controversial entrepreneur
Ashneer has been embroiled in a number of Controversies, such as a legal dispute with his co-founder at BharatPe regarding selling shares he bought from BharatPe co-founder, which he won recently. A survey indicating that he is one of the least involved investors on Shark Tank India 34. But he’s also been commended for his efforts with BharatPe and his support of the Indian startup scene.
Controversies around Ashneer Grover wife:
Who is Ashneer Grover wife?
Ashneer, the creator of BharatPe, is married to Indian businesswoman Madhuri Jain Grover. She was the HR and finance manager of BharatPe in addition to being a former fashion and interior designer. Together, Madhuri and Ashneer are parents to a daughter named Mannat and a son named Avy. Madhuri and Ashneer became embroiled in a scandal in January 2022 when they intimidated and mistreated a Kotak Mahindra Bank employee. Subsequently, the bank claimed that Madhuri and Ashneer mistreated their workers as the bank had denied them shares worth Rs. 500 crore at the time of Nykaa’s IPO in 2021. The Delhi Police’s Economic Offences Wing (EOW) filed a case in May 2023 against Madhuri Jain Grover, her husband Ashneer Grover, and family members Deepak Gupta, Suresh Jain, and Shwetank Jain in response to a complaint from BharatPe over an alleged Rs. 81 crore scam in December 2022.
FAQs on Ashneer
What is Ashneer Grover net worth?
Ashneer Grover has a net worth of $94 million, or INR 790 crores, according to this source. He is the creator and CEO of BharatPe, an online platform for money transactions.
What is Ashneer Grover doing now?
Ashneer Grover, the former CEO and founder of BharatPe, has launched a new fintech startup called Third Unicorn. The startup aims to revolutionize the way small businesses access credit and loans. Grover is using unique equity programs and a flexible work environment to attract top talent to the company. In a LinkedIn post, Grover gave a sneak peek of the new venture and said a team of maximum 50 people will work in the company. In March 2022, Grover resigned as Managing Director of BharatPe.
Sources in the hyperlinks.
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Conclusion
Ashneer’s journey from BharatPe to Third Unicorn encapsulates a narrative of entrepreneurship, resilience, and continuous growth. His perspectives on self-improvement, taxation, and political engagement provide valuable insights into the mind of a visionary leader. As Grover navigates the complexities of business and life, his story serves as both inspiration and reflection for those aspiring to make a meaningful impact in the world.
