Ashneer Grover – Age, Biography, Birthday, Family, Career, Net Worth

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Indian entrepreneur Ashneer Grover co-founded BharatPe along with Shashvat Nakrani and Bhavik Koladiya in 2018. During this time, he served as the company’s managing director (MD).

Grover also appeared as an investor in the reality show Shark Tank India. Ashnell Grover’s biography: Shark Tank India is a remake of the American reality show Shark Tank USA which has become very popular recently. It is essentially a reality show where entrepreneurs from all over the country come with exciting and unique business ideas to pitch their ideas to the judges (sharks) for funding.

Ashneer Grover is one of the seven business judges of the reality competition show aired on Sony TV and is also one of the most popular and searched judges.

Ashneer Grover’s age

Ashneer Grover was born on 14 June 1982. His star sign is Gemini. As of 2023, Ashneer Grover’s age is 41 years old. Grover was born in Malviya Nagar, Delhi, India.

family

Ashneer’s father is a chartered accountant and his mother is a teacher but his name remains unknown. Her name is also unknown. Aashima Grover is the name of his sister. He comes from a family with a solid educational foundation and hence he never faced any social or financial problems.

Education requirements

Ashnil showed great academic acumen from the beginning and he appeared for the IIT entrance exam after completing grade 12 and secured a respectable All India rank which earned him admission into IIT Delhi. Grover did his Bachelor of Science in Civil Engineering from IIT Delhi.

He attended the National Institute of Applied Sciences of Lyon, France, as an exchange student and completed his final two years of studies there. Ashnil had enrolled in the four-year B.Tech program at IIT Delhi, but in his second year, he joined the exchange program organized by the institute.

The candidates selected for the program have the opportunity to complete their final two years of studies at the Ecole Nationale Scientifique de Lyon in France. Ashnell was also one of the six applicants selected for the program. After completing his studies in France, he returned to India and appeared for the CAT entrance exam, scoring well. Grover’s excellent performance in the Common Admission Test (CAT) earned him admission to the Indian Institute of Management (IIM) Ahmedabad. He completed his MBA at IIM Ahmedabad.

Immediately after completing his MBA from the Indian Institute of Management (IIM), he accepted a position at Kotak Investment Bank, where he worked as a Vice President for seven years. He then started working as the Director of Corporate Development at American multinational company Amex in March 2013, a position he held for nearly two years.

Ashneer Grover’s wife

Madhuri Jain Grover

While attending a coaching course at Delhi-based Career Launcher, Madhuri Jain (who did her undergraduate degree from NIFT, Delhi) met Ashneer Grover, whom she later married. Before collaborating professionally with her husband, Madhuri worked for renowned companies like Satya Paul.

Ashneer mentioned that his wife supports all the decisions he makes. She trusts him and it is because of her faith in him that he gets strength. In an interview with another media outlet, Ashneer admitted that Madhuri has been the pillar of support he needed while his parents were not always supportive of his career choices. The fact that the couple loves to travel has greatly impacted their relationship. Couples get to know each other better and share more adventures when they spend time together during travel. For the fledgling Ashneer Grover, he got married on July 4, 2006 to Madhuri Jain, an entrepreneur whom he first met at Career Launcher 15 years ago. The couple now has two children together, Avy and Mannat Grover.

Profession

Early career (2006 to 2013)

Before founding BharatPe, Ashneer Grover worked for several large companies like Kotak Investment Bank and American Express etc. Grover actually worked at Kotak for seven years and was responsible for M&A restructuring and ten transactions with a total value of $3 billion in sectors such as media manufacturing and real estate, oil and gas retail and telecom.

New Entrepreneurship (2013)

Grover moved to American Express in 2013 as director of corporate development. During his two years at the company, he oversaw MobiKwik’s Series B round.

Grofers (2015)

The talented young civil engineer joined Grofers (now Blinkit) in 2015 and served as the company’s CFO for two and a half years. During that time, he was responsible for all financial, legal and business-to-government affairs together with the company’s founders.

PC Jeweler (2017)

In 2017, the IIT alumnus decided to join PC Jeweller Ltd. as Head of New Business. He assisted in the digital transformation of India’s second largest jewelry retailer. In this role, he also coordinated the overall online sales efforts of the companies under the PCJ brand.

Simply put, the business decisions he made at that time helped prepare the company for the next phase of serving the consumer experience: growth and diversification into related industries.

Bharatiya Janata Party (2018-2021)

This IIM MBA alumnus made a big change in October 2018. Instead of working for someone else, he founded BharatPe along with Shashvat Nakrani.

The country would subsequently see the fintech startup grow into the largest offline merchant network. With its help, mobile payments are now freely and widely accepted. In addition to being a co-founder, Grover also served as CEO from 2018 to August 2021.

In August 2021, he stepped down as CEO and transitioned to the role of managing director, a role he has held for the past seven months as the company worked out the details of its IPO fundraising.

Shark Tank India (2021-2022)

Ashneer Grover was the managing director and co-founder of Bharat until he was forced to leave and relinquish his company responsibilities on February 28, 2022. The first season of Shark Tank India began on December 20, 2021 and ended on February 4, 2022.

In the first season, 62,000 applications were submitted from India and 198 companies were selected to present their ideas to the “sharks”. This season, 67 companies on the reality show received deals out of 198 investment intentions. In the first season, Ashneer Grover became quite famous for his experience as an investor.

His candid interactions with competitors inspired fans to create memes and his phrase “Ye doglapan hai” became a mantra for the audience. During his time on the show, his profile listed him as the co-founder and managing director (MD) of Indian fintech company BharatPe. But after weeks of disagreements with the management, he left the organization.

Upcoming Investments

Ashneer Grover’s Unicorn Dreams

According to rumors on June 16, 2022, Ashneer Grover is looking for a new company, for which he may need to raise $200 million to $300 million. In order to raise the necessary funds, the former co-founder and managing director of BharatPe is currently in the US and is in discussions with family offices and other private equity offshore players based in the US.

Grover may have invested some of his own money to start the company, according to sources. He later plans to sell some of his BharatPe shares or raise funds by selling stakes in the new company.

Also mentioned was the fact that Grover’s 8.5% interest is currently worth about $3 billion and that there are buyers for the stock.

When last reported in June 2022, Ashneer Grover had not yet decided which company or industry his new venture would enter. On the other hand, the former founder of BharatPe said on his 40th birthday that he would return to the business world and hoped to create another unicorn.

On July 9, 2022, Third Unicorn Pvt Ltd., a company founded by Ashneer and his wife Madhuri Jain Grover, has been incorporated. Both Ashneer Grover and his wife will be directors of the company, which is expected to debut on July 6, 2022. The disclosed amount of authorized share capital and total paid-up capital is Rs 10 lakh each.

dispute

Money Laundering (March 2022)

BharatPe co-founder and managing director Ashneer Grover resigned from the fintech startup with immediate effect on Monday, February 28, 2022. Grover said that despite resigning as managing director and board director of BharatPe, he will continue to serve as the “largest individual shareholder of the company.”

After BharatPe fired his wife Madhuri Jain Grover for alleged misappropriation of company funds, the company’s head of controls, Grover, suddenly resigned. In addition, the Singapore International Arbitration Centre (SIAC) rejected Grover’s request for the company to investigate him.

Grover said in his resignation letter that since the beginning of 2022, unfortunately, I and my family have been subjected to unfounded and targeted attacks by some individuals who are willing to harm not only me and my reputation, but also the reputation of the company they are ostensibly trying to protect.

Threatening Kotak Bank employees (January 2022)

In the first week of January 2022, Bongu Babu released an audio sample and a SoundCloud link. Ashneer was allegedly threatening a Kotak Bank employee over the phone. He was disappointed when he was denied a role in Nykaa’s IPO.

However, Ashnil believes that the tape is fake. He claims that the threats were made to extort money. Grover commented on the video on his Twitter account and wrote “Guys… calm down. This is a fake recording of a scammer trying to collect 240,000 Bitcoin donations and I stand by my position.”

Insult Ankur Warikoo

Recently, during a discussion, a student from the Ghaziabad Institute of Management and Technology remarked: “Most entrepreneurs today have become influencers. I see a lot of similarities between you and Ankur Warikoo. Are businesses starting to think that fame is important?” To this, Mr. Grover said he had never been told anything more offensive and he had only one rule: never use his name and Mr. Warikoo’s name in the same sentence.

He went on to add that he felt so angry that he even considered standing up and leaving. He told the students that he would rather be scolded than be compared to Ankur Warikoo. Grover joked that after listening carefully to the students’ questions, the comparison made him feel angry. He said that he had never been told anything more offensive than this.

The 40-year-old businessman went on to say that he felt insulted and just wanted to stand up and leave. I felt offended and just wanted to stand up and leave. You can’t put his name and my name in the same sentence. I have only one rule: say whatever you want to me. You can insult my mother and siblings with no punishment. But don’t put me in the same category as Ankur Warikoo.

net worth

Ashneer Grover has a net worth of approximately $900 million (INR 74 billion). He co-owns a mansion in Panchsheel Park, Delhi, with his family. It is estimated that his mansion is worth up to INR 30 crore.

In addition, he also owns a series of high-end luxury vehicles, including Porsche Cayman S, Mercedes-Maybach S650, Mercedes-Benz GLS 350, Audi A6, etc.

Awards

• Grover received two honors in 2021 – the Young Achievement Award
• 2021 Entrepreneur of the Year Award.

6 Untold Facts About Ashneer Grover

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• During his graduation period, he received a grant of 6,000 euros from the French Embassy (2002-2003).
• In 2021, Bharat Pe appointed several cricketers as brand ambassadors of the company including Rohit Sharma Suresh Raina KL Rahul Jaspreet Bumrah and others.
• In one of his Instagram posts, he called himself a teetotaler.
• He loves exploring and traveling to different places with his family.
• In November 2022, he wrote his new autobiography titled “Doglapan – My Incredible Life Story”.
• Grover was known for his brilliant quips and humor when he debuted on Shark Tank India.

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