Former Co-founder and MD of Bharat Pay
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Birth & Early Life
Ashneer Grover, co-founder and former Managing Director of BharatPe, is a prominent entrepreneur and angel investor. He began his career in the banking industry, holding positions with Kotak Mahindra Bank, American Express, and HDFC Bank. Before becoming a fintech entrepreneur, he primarily worked in risk and credit analysis.
Early Life:Ashneer Grover was born on June 14, 1982, in Delhi, India, into a middle-class family. His father was a chartered accountant, and his mother was a teacher.
Education:Ashneer Grover pursued a B.Tech in Civil Engineering from IIT Delhi. During his studies, he was selected for an exchange program at INSA Lyon, France, in 2002. After completing his engineering degree, he earned an MBA in Finance from IIM Ahmedabad, which played a crucial role in shaping his career in banking, finance, and entrepreneurship.
Net Worth and Assets: Ashneer Grover net worth is estimated at $108 million (₹900 crore) as of 2024, fueled by his successful ventures and investments. He has earned this through BharatPe, startup investments like OTO Capital and The Whole Truth, and media ventures like Shark Tank India. Grover owns a luxurious residence in Delhi, reflecting his affluent lifestyle. His collection includes high-end vehicles, showcasing his taste for luxury cars.
Business Ventures:In 2018, Ashneer Grover and Shashvat Nakrani launched BharatPe. The nation witnessed this fintech startup grow into the biggest offline merchant network. From 2018 to August 2021, Ashneer Grover managed the position of Chief Executive Officer (CEO) and co-funding duties. Before BharatPe, he held key leadership roles at Kotak Mahindra Bank, American Express, and Grofers (now Blinkit), gaining expertise in finance and business scaling.
Ashneer Grover Key Investment: Ashneer Grover, co-founder of BharatPe, has invested in BharatPe, Bira 91, Meddo, Nazara Technologies, IndiaGold, YAP, Rupify, PolicyBazaar, Swiggy, Zippee, ShipGlobal, Find Your Kicks, and CrickPe across fintech, consumer goods, health-tech, gaming, logistics, and retail sectors.
Investment Philosophy: His focus is on fintech, consumer brands, and tech-driven startups, ensuring they offer real-world solutions. He prefers bold, aggressive entrepreneurs who can navigate challenges and execute efficiently. His approach is practical and results-driven, prioritizing businesses with a clear path to profitability.
Shark Tank India Investments:- Ashneer Grover invested ₹2.95 crore in 11 deals on Shark Tank India Season 1. He previously held roles at Grofers, American Express, and Kotak Investment Banking.
Education
B Tech, Civil Engineering
2000 - 2004
Grade: Rank Holder
Master of Business Administration - MBA, Management - Finance
2004 - 2006
Bachelor of Technology (B.Tech.), Civil Engineering
2002 - 2003
Exchange Student. Among the 6 students selected by IIT Delhi, in a batch of 450, for the Exchange Program with the University of INSA-Lyon, France for the academic year 2002-2003. Awarded a scholarship of €6000 by the French Embassy.
careers
Ashneer Seth Grover is the MD & Co-Founder at BharatPe. Additionally, Ashneer Seth Grover has had 1 past job as the CEO & Co-Founder at BharatPe
Total no. of Investment
50
Ashneer Grover has made 50 investments.
Date | Company | Sector | Round | Investments | Co-Investors |
---|---|---|---|---|---|
2022-12-14 | Fintech | Angel | ₹ 18.8 Cr | ||
2021-12-14 | Technology | seed | ₹ 9.1 Cr | ||
2022-05-06 | Fintech | Angel | ₹ 75.6 Lakh | ||
2021-12-06 | Entertainment | Secondary | ₹ 19.3 Cr | ||
2022-04-13 | Event Management | seed | ₹ 2.2 Cr | ||
2021-11-17 | Social Networking | seed | ₹ 29 Cr | ||
2021-10-19 | Social Networking | Angel | ₹ 10.7 Cr | ||
2022-04-01 | Education Technology | Angel | ₹ 1.1 Cr | ||
2021-10-07 | Healthcare | seed | ₹ 28.1 Cr | ||
2022-03-24 | Fintech | Angel | ₹ 60.5 Lakh | ||
2021-10-03 | Logistics & Delivery | Angel | ₹ 3.3 Cr | ||
2022-03-09 | E-commerce | seed | ₹ 1.2 Cr | ||
2021-09-24 | E-commerce and Fashion | Angel | ₹ 5.2 Cr | ||
2022-02-25 | Sustainable Products | Angel | ₹ 60.5 Lakh | ||
2021-09-18 | Footwear | seed | ₹ 4.8 Cr | ||
2022-02-13 | Automotive | Angel | ₹ 30.9 Lakh | ||
2021-08-13 | blockchain and Web3 | seed | ₹ 1 Cr | ||
2022-02-04 | Food & Beverage | Angel | ₹ 50 Lakh | ||
2021-08-10 | Entertainment | seed | ₹ 4.8 Cr | ||
2022-02-03 | Food & Beverage | Angel | ₹ 50 Lakh | ||
2021-08-04 | EdTech | Secondary | ₹ 13 Cr | ||
2022-02-03 | Technology | seed | ₹ 1.1 Cr | ||
2021-07-26 | Fintech | Secondary | ₹ 24.2 Cr | ||
2022-01-20 | Food & Beverage | Angel | ₹ 1.3 Cr | ||
2021-07-24 | Food & Beverage | Angel | ₹ 58.3 Cr | ||
2022-01-18 | Travel & Tourism | Angel | ₹ 1.1 Cr | ||
2021-07-22 | Fintech | Secondary | ₹ 58.3 Cr | ||
2022-01-18 | Beauty and Personal Care | Angel | ₹ 75 Lakh | ||
2021-06-13 | EdTech | Angel | ₹ 9.1 Cr | ||
2022-01-12 | seed | ₹ 1 Cr | |||
2021-05-18 | EdTech | Secondary | ₹ 8.9 Cr | ||
2022-01-12 | EdTech | seed | ₹ 18.8 Cr | ||
2021-04-26 | EdTech | seed | ₹ 1.1 Cr | ||
2022-01-12 | E-Commerce | Angel | ₹ 75 Lakh | ||
2021-01-23 | HealthTech | Secondary | ₹ 29 Cr | ||
2022-01-12 | Technology | Angel | ₹ 1.1 Cr | ||
2021-03-03 | Fintech | seed | ₹ 1.9 Cr | ||
2022-01-12 | Education Technology | Angel | ₹ 1.9 Cr | ||
2021-01-25 | Fintech | seed | ₹ 9.2 Cr | ||
2024-01-31 | Fintech | Angel | ₹ 1.1 Cr | ||
2022-01-10 | Food & Beverage | Angel | ₹ 70.6 Lakh | ||
2020-10-06 | Fintech | Angel | ₹ 16.8 Cr | ||
2023-05-10 | Logistics & Shipping | seed | ₹ 1.5 Cr | ||
2022-01-05 | Automobile Manufacturing | seed | ₹ 1.1 Cr | ||
2023-01-22 | Logistics & Delivery | seed | ₹ 1.5 Cr | ||
2021-12-29 | Food & Beverage | seed | ₹ 2.5 Cr | ||
2023-01-05 | Logistics & Delivery | Angel | ₹ 3.3 Cr | ||
2021-12-26 | Food & Beverage | Angel | ₹ 90 Lakh | ||
2023-01-03 | Fashion & Lifestyle | seed | ₹ 9.2 Cr | ||
2021-12-23 | Food technology | seed | ₹ 8 Cr |