{"id":4252,"date":"2024-01-29T04:20:57","date_gmt":"2024-01-29T04:20:57","guid":{"rendered":"https:\/\/thebestbiography.com\/?p=4252"},"modified":"2024-01-29T04:20:57","modified_gmt":"2024-01-29T04:20:57","slug":"ashneer-grover-managing-director-of-bharatpe-biography","status":"publish","type":"post","link":"https:\/\/thebestbiography.com\/ashneer-grover-managing-director-of-bharatpe-biography\/","title":{"rendered":"Ashneer Grover (Managing Director of BharatPe) Biography"},"content":{"rendered":"

Ashneer Grover Biography:\u00a0<\/strong>Indian businessman Ashneer Grover <\/a><\/strong>is the former co-founder and managing director (MD) of BharatPe, a fintech company. He founded BharatPe along with Shashvat Nakrani and Bhavik Koladiya in 2018. He became a household name with his appearance as an investor on the reality TV show\u00a0\u201cShark Tank India Season 1<\/strong>\u201d.\u00a0This write-up will give you all the information about Ashneer Grover\u2019s Age, Wife, Education, Net Worth, Career, and so on. So, keep reading.<\/p>

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Ashneer Grover Biography<\/strong><\/h2>

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Name<\/strong><\/td>Ashneer Grover<\/td><\/tr>
Birth Date<\/strong><\/td>June 14, 1982<\/td><\/tr>
Age<\/strong><\/td>40 years, as of 2022<\/td><\/tr>
Birth Place<\/strong><\/td>Delhi<\/td><\/tr>
Wife<\/strong><\/td>Madhuri Jain Grover<\/td><\/tr>
Founder<\/strong><\/td>BharatPe<\/td><\/tr>
Son<\/strong><\/td>Avy Grover (11 years old)<\/td><\/tr>
Daughter<\/strong><\/td>Mannat Grover<\/td><\/tr>
Net Worth<\/strong><\/td>790 Crores.<\/td><\/tr><\/tbody><\/table><\/figure>

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Ashneer Grover Life and Education<\/strong><\/h2>

Ashneer Grover was born on June 14, 1982 (40 years, as of 2022). He was born and brought up in Delhi. His father was a Chartered Accountant (CA) and his mother was a teacher at a local school. He completed his elementary education in Delhi itself. He completed his graduation in B.Tech in Civil Engineering from IIT Delhi. During his graduation days, he got selected by IIT Delhi in an exchange student program for INSA Lyon University in France. He moved to France in 2002.<\/p>

In 2004, he got himself enrolled in an MBA in Finance program at IIM Ahmedabad. A campus placement by IIM Ahmedabad landed him at Kotak Investment Banking, Mumbai as a Vice president. He then worked in various companies such as Grofers, PC Jewellers Ltd., and American Express. In 2018, Ashneer Grover, along with Shashvat Nakrani and Bhavik Koladiya, launched the BharatPe app which has 1crore+ downloads on Play Store. Also, it is one of the most used payment applications in India today.<\/p>

Ashneer Grover Family<\/strong><\/h2>

Ashneer Grover is married to Madhuri Jain Grover. She is also an entrepreneur. She was an interior designer and worked with famous brands such as Satya Paul and Alok Industries. Also, she had her own furnishing business named Mauve and Brown. She also worked with south Indian actress Asin and her husband Rahul Sharma. She also completed the interior of her house in Delhi.<\/p>

When Ashneer started BharatPe, he could not afford many employees, so Madhuri joined BharatPe to help him with the internal operations. She manages HR, finance, and other business operations.<\/p>

Ashneer Grover and Madhuri Jain Grover have two children, a son Avy Grover (11 years old), and a daughter, Mannat Grover.<\/p>

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Ashneer Grover\u00a0Career<\/strong><\/h2>

As an Investment Banker<\/strong><\/h3>

With an excellent academic record, Ashneer got a chance to work as vice president in Kotak Investment Banking after he completed his MBA in Finance in 2006. He worked on various IPO deals as part of his job as an investment banker. He left that position in 2013 after working there for almost seven years.<\/p>

As an MNC Employee<\/strong><\/h3>

In May 2013, he joined American Express as a Director \u2013 Corporate. He left the job after working here for almost 2 years because he wanted to do something different.<\/p>

As a Chief Financial Officer<\/strong><\/h3>

In March 2015, Ashneer joined Grofer as a Chief Financial Officer (CFO). After working there for a while, he left the company in August 2017.<\/p>

As the Head of PC Jewellers<\/strong><\/h3>

After leaving Grofers, Ashneer took some time off to meet with various investors and make new connections. Afterward, he joined PC Jewellers in November 2017 as a Business Head and helped them develop payment strategies and other options that would help with overall business development. He resigned from the job in October 2018.<\/p>

As a Founder of BharatPe<\/strong><\/h3>

In 2018, Ashneer came up with the idea of BharatPe-a payment application that became one of India\u2019s most popular applications in a short amount of time. He founded BharatPe along with Shashvat Nakrani and Bhavik Koladiya. The company is headquartered in New Delhi and is one of India\u2019s leading fintech companies. However, followed by some controversies, Ashneer resigned as MD and the company\u2019s board director post on February 28, 2022.<\/p>

\u00a0What is the reach of BharatPe?\u00a0<\/strong><\/h4>

BharatPe has over 75 lakh merchants using its services across 150 cities. The company was co-founded by Mr. Grover and Shashvat Nakrani in 2018 and offers fintech products like interoperable QR codes for payments and small business financing. The company has facilitated the disbursement of loans of over \u20b93,000 crore to its merchants since its launch. BharatPe has also raised $ 178 million in equity and debt, to date.<\/p>

The company is currently valued at $2.8 billion. <\/p>

As a Shark Tank Judge<\/strong><\/h3>

In 2021, he appeared as a judge on the Indian version of Shark Tank. He became one of the seven Shark investors in the first season of this show. Six other investors are Vineeta Singh, Peyush Bansal, Namita Thapar, Anupam Mittal, Ghazal Alagh, and Aman Gupta. The reality show features people who pitch their business ideas to a panel of judges in hopes that one or more will invest money in the venture. Ashneer invested in as many as 55 start-ups including The Whole Truth, India Gold, OTO Capital, and Front Row in this reality show.<\/p>

Also Read : vineeta-singh-biography<\/a><\/strong><\/p>

Ashneer Grover<\/strong>\u00a0Net Worth<\/strong><\/h2>
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With an approximate net worth of\u00a0$95 million USD<\/strong>, Ashneer Grover, the co-founder of BharatPe, stands as a testament to the dynamic success he has achieved in the world of business and fintech. His entrepreneurial journey, coupled with strategic decisions and a deep understanding of the financial technology sector, has propelled both him and BharatPe into the spotlight. Grover\u2019s ability to navigate the intricacies of the industry and steer BharatPe to success has not only contributed to his personal wealth but has also solidified his position as a prominent figure in the Indian startup landscape. As a leader and innovator, Ashneer Grover\u2019s substantial net worth reflects the value and impact he has brought to the fintech realm, highlighting the significance of his contributions to the business world.<\/p>