Ashneer Grover is a successful Indian businessman who rose to prominence after appearing on Shark Tank India, a reality program in which prominent businesspeople invest in the brands and enterprises of up-and-coming entrepreneurs. As a judge on Shark Tank India, he quickly rose to prominence and became a talking point among viewers. Ashneer Grover’s rise to fame sparked inquiries about his fortune and way of life.
His witty one-liners and no-nonsense demeanour got him a lot of press. On the program, he was also notorious for his abruptness and frankness. Putting aside the rest, this individual has a firm grasp of the commercial world. He co-founded BharatPe and served as its CEO.
Grover’s birthplace is Delhi. After enrolling at IIT Delhi, Ashneer Grover decided to stay in Delhi. After finishing his undergraduate studies in engineering, he attended the Indian Institute of Management in Ahmedabad to further his study. Many of his fans attest to his success by saying he has worked tirelessly and is an expert in microfinance.
He was employed by a French exchange company, and after travelling and working in Europe and the United States, he returned to India ready to put his new knowledge to use. He started a new company called BharatPe. Despite his departure, BharatPe continues to be recognized as one of India’s most valuable startups.
In 2018, Ashneer resigned from his position at PC Jewelers and met for the first time with future business partners Shashwat and Bhavik. A mobile app for the BharatPe payment system was released in the same year. Ashneer, Shashwat, and Bhavi all helped to develop BharatPe.
Kiros and other small businesses utilized the program to accept UPI internet payments. BharatPe, a mobile payment platform, was utilized by small vendors to accept QR codes as a form of payment. BharatPe provides QR payment services in addition to small business loans.
Ashneer Grover’s wife, Madhuri Jain Grover, is also in the business world. The couple has two kids, Avy and Mannat Grover. Madhuri used to be an employee of BharatPe. Along with that, she runs the furniture business Mauve and Brown. The pair takes several vacations abroad and often updates their Instagram with photos from their adventures.
Panchsheel Park, Grover’s opulent mansion in Delhi, was his principal asset. Property values in that location, per 99 acres, are computed at about Rs 18,000/sq. ft., hence Grover’s massive residence is likely worth at least Rs 30 crore. His enormous mansion, according to the media, is worth about Rs 30 crores.
Some examples include the Mercedes-Maybach S650, Porsche Cayman S, Audi A6, Mercedes-Benz GLS 350, and a plethora of others. Ashneer once spent over a crore of rupees on a mattress. Ashneer Grover’s wealth seems to be enough to sustain such opulence.
Twenty-two new ventures have received funding from him. Before appearing on Shark Tank India, Grover was already an active investor. He put money into a fund that has also put money into his business (Bharat Pe). In addition to the financial technology, digital entertainment, alcoholic beverages, shared office space, healthcare information technology, and human resource management sectors, Grover invested in a number of others. Contributing to Ashneer Grover’s net worth are his 22 startup investments:
- MyHQ (co-working space)
- #ash (alternative tobacco)
- Nazara (gaming)
- Bira (alcobev)
- Park+ (Parking assistant)
- Vahan (Staffing)
- Meddo (Primary Healthcare)
- Investments in VC Funds
It has been reported by MoneyControl that Ashneer Grover is a Limited Partner in two separate Venture Capital (VC) firms (LP). Included in this group is Ribbit, one of the first investment firms to back Grover’s BharatPe. The other source is the money set aside by Vinny Pujji. These two funds both have a US presence. Ribbit is valued at $700.0m, or around Rs 2,900 crore, whereas Vinny Pujji’s fund is valued at $400m (approximately) (Rs 5,200 crore approx.).
Ashneer Grover is one of the richest people to ever appear on Shark Tank India, because of his impressive fortune. Ashneer Grover has a net worth of Rs. 700 crores, according to a prior article in GQ India. In 2023, Ashneer Grover is expected to have a net worth of little over $105 million, according to estimates from several online sites (including Forbes, IMDB, etc.). That’s the equivalent of roughly 800 crore rupees (Indian money) in case you were wondering.