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Ashneer Grover is a well-known name in the Indian financial industry. He is a dynamic entrepreneur with a track record of building and scaling businesses. Ashneer has come a long way to become one of the most prominent names in the industry. He gained widespread fame from featuring as a judge on the popular business show Shark Tank India. Net worth of Ashneer Grover in 2024 is approximately $108 Million. Ashneer Grover net worth in rupees is around INR 900 Crore.
Read on to understand more about Ashneer Grover Net Worth, Investments, Personal Life, Biography, career journey, etc.
Who is Ashneer Grover?
Let us take a look at the major milestones in the business life of Ashneer Grover:
- Ashneer completed his MBA education from the Indian Institute of Management, Ahmedabad. He began his career with Kotak Investment Bank.
- In 2013, Ashneer joined American Express as the director of corporate development. During his stint, he was instrumental in driving the company’s growth in the country.
- In 2015, Ashneer co-founded Grofers, an online grocery delivery service. Under his leadership, the company grew rapidly. He was able to attract customers and raise millions of dollars in funding. Today, Grofers is one of the leading online grocery delivery services in India.
- In 2020, Ashneer Grover took over as the CEO of BharatPe. Ashneer Grover Business is a fintech startup offering QR code-based payment solutions to small merchants. Under his leadership, BharatPe had grown exponentially.
- In 2021, Ashneer Grover appeared as a judge on the first season of the popular show Shark Tank. Ashneer Grover in Shark Tank was an impactful judge. While his stint on the show made headlines, his attitude also raised a few brows.
- In December 2022, Ashneer released his autobiography, ‘Doglapan: The Hard Truth About Life And Start-Ups‘.
- As of 2024, Grover announced plans for ‘Doglapan 2.0‘ and teased a movie adaptation currently in development, keeping his audience eagerly anticipating what’s next.
We can attribute Ashneer Grover’s success to his entrepreneurial spirit. His passion for driving change in the industry is also remarkable.
Ashneer Grover: Biography
| Name | Ashneer Grover |
| Date of Birth | 14th June 1982 |
| Nationality | Indian |
| Education | Bachelor’s in Engineering from IIT, Delhi Master’s in Business Administration from IIM, Ahmedabad |
| Career | – Vice President at Kotak Mahindra Bank – Head Of New Business at PC Jeweller Ltd – CEO and Co-founder of BharatPe |
| Achievements | – BharatPe became a unicorn startup in 2020, valued at $1.5 billion – Listed in Forbes India’s 30 Under 30 in 2014 |
| Family | – Married to Madhuri Jain Grover – Two children |
Ashneer Grover was born in 1982 in Delhi, India. Ashneer Grover education journey started from went to school in Delhi, where he excelled in his studies. He had a constant interest in business. He graduated with a degree in Civil engineering from IIT Delhi in 2002. Ashneer Grover education qualification are very impressive. With both IIT and IIM being his alma mater. He grew up in an environment that was focused on entrepreneurship and innovation.
Ashneer Grover IIT Rank was 2 in his department. After completing his degree from IIT Delhi, Grover pursued an MBA from IIM, Ahmedabad. He completed his MBA in 2006 and then started his career in finance. Grover’s first job was as a VP with Kotak Mahindra Bank. He then went on to work for companies like Yes Bank and PayTm. He gained a lot of experience in these companies’ finance and technology sectors. Ashneer Grover’s net worth was also enhanced by working for these companies.
In 2018, Grover co-founded BharatPe. Ashneer Grover Business is a fintech startup that offers digital payment solutions to small and medium-sized businesses across India. The company has grown rapidly and has raised over $140 million in funding from leading investors.
Grover is married and has two children. He is an avid sports fan and enjoys playing cricket and tennis in his spare time. He is also passionate about philanthropy. So, he participates in various charitable activities through his company.
Ashneer Grover Net Worth
Ashneer Grover’s net worth will be approximately $108 million in 2024. Here are the details:
- Experts expect Ashneer Grover’s net worth in rupees to be in triple-digit crores.
- According to reports, Ashneer Grover’s net worth is $108 million in 2024. The publication recognizes Grover as one of the youngest CEOs in India listed on the stock exchange.
- Grover’s impressive leadership skills and business acumen are the reasons for his financial success.
- He co-founded BharatPe, a digital lending and payments start-up, in 2018. He secured funding of over $900 million by 2021, with a valuation of $2.85 billion.
- Forbes India recognizes Grover’s ability to turn things around as a ‘turnaround man’ and attributes his success to his experience scaling businesses.
- Additionally, Grover’s in-depth knowledge and experience in finance and technology have contributed significantly to Ashneer Grover’s net worth.
- Before co-founding BharatPe, he worked with Yes Bank, Kotak Mahindra Bank and Paytm.
- Grover’s impressive leadership skills and business acumen are the reasons for his financial success.
Ashneer Grover Companies and Investments
Ashneer Grover, the former co-founder of BharatPe, has been involved in several companies and startups.
Here are some of the best ones:
- BharatPe – Co-founder and former Managing Director.
- Third Unicorn Private Limited – His new venture after leaving BharatPe.
- Credgenics – A fintech startup.
- Matrix Gas and Renewables – Involved in the energy sector.
- Zippee – A logistics company.
- Koo App – A social media platform.
- Big Bang Food Tech – A Thrasio-style restaurant roll-up startup.
- TagZ Foods – A healthy snacks company.
- Freadom – An educational platform.
- Zorro (Now Hood) – A social media platform.
- HireQuotient – A recruitment tech company.
- Skippi Ice Pops – A popsicle brand.
- Fello – A fintech startup.
- Junio – A fintech company focused on children.
- India Gold – A gold-based fintech startup.
- The Whole Truth – A clean-label food brand.
- Get-A-Whey – A healthy ice cream brand.
- Paz Care – An employee benefits platform.
- OTO Capital – A vehicle leasing company.
- Booz Scooter – An electric scooter company.
- Raising Superstars – A parenting tech company.
The Career Journey of Ashneer Grover
1. Kotak Investment Bank
Ashneer Grover began his professional journey as an investment banker at Kotak Bank. He quickly rose to the position of Vice President during his seven years at Kotak. His work in investment banking laid the foundation for his future endeavors.
2. American Express
In 2013, Grover joined American Express as the Director of Corporate Development. His role involved strategic planning and business development for the company.
3. Grofers
He served as the CFO of Grofers, an online grocery delivery service. It raised US$ 170 mn in funding and gained a large customer base within a short period. Under Grover’s leadership, Grofers evolved from a small startup to a company operating in multiple cities across India. Grover is considered a visionary entrepreneur constantly seeking innovative ways to disrupt traditional business models.
4. Co-Founder of BharatPe
In 2018, Ashneer Grover co-founded BharatPe, a fintech company that provides digital payment solutions for merchants. Within four years, BharatPe became one of the largest payment apps in India. Grover played a pivotal role in its growth and success.
5. Unicorn Dreams
After leaving BharatPe in February 2022, Grover embarked on a new entrepreneurial journey. He founded Unicorn Dreams, focusing on building and investing in startups.
Despite his achievements, Grover faced challenges and controversies along the way. Notably, his wife, Madhuri Jain Grover, was involved in financial fraud at BharatPe and he was eventually terminated by the Board.
Ashneer Grover: BharatPe Founder
In 2020, Ashneer Grover stepped down as the CFO of Paytm to start his own venture, BharatPe. BharatPe is a fintech company that offers businesses a single QR code for all digital payment modes. The company provides digital payment and lending solutions to small and medium-sized businesses. Ashneer Grover was the CEO and Co-founder of BharatPe. He was responsible for driving the company’s vision and growth strategy. Under his leadership, BharatPe had rapidly grown to become one of the leading fintech players in India. It has a presence in over 35 cities and a user base of over 6 million merchants.
Ashneer Grover’s Shark Tank Journey
Ashneer Grover was one of the seven sharks who invested in various startups on Shark Tank India Season1. He appeared on Shark Tank India along with various pioneers from the business industry including-
- Aman Gupta- Founder of BoAt
- Vineeta Singh- Founder of Sugar Cosmetics
- Namita Thapar- Executive Director of Emcure Pharmaceuticals
- Anupam Mittal- Founder of People Group
The show aired from December 2021 to February 2022. Let us look at his journey on the show:
- Ashneer has particularly shown interest in start-ups solving problems for small businesses in India.
- Grover impressed everyone with his business success and industry expertise.
- He was known for being tough but fair in his evaluations of the pitches.
- Grover often asked pointed questions. He aimed to get to the heart of the business models and strategies. He provided valuable feedback and advice to the entrepreneurs, even if he ultimately decided not to invest in their companies.
- Grover’s presence on the show helped to bring attention to the fintech industry. He enhanced the potential for startups in this space.
- He has highlighted the importance of scalability, revenue models, and customer acquisition strategies.
- He was known for his blunt and outspoken attitude, which often led to conflicts with other sharks and entrepreneurs.
- He invested in 11 startups out of 65 deals, with a total amount of Rs. 2.95 crores. His notable investments included BluePine Industries, Revamp Moto, Skippi Pops and Raising Superstars.
- These investments have helped to increase Ashneer Grover’s net worth.
- Ashneer was not a part of season 2 of Shark Tank India. This was because of some disagreements between him and the production.
- After the show ended, he also unfollowed all the other sharks on social media.
- Grover’s time on Shark Tank India was a positive contribution to the show and the broader startup ecosystem in India.
Also Read: From Idea to Launch: A Step-by-Step Guide on How to Start a Startup in India
Ashneer Grover’s Journey to Success
Ashneer Grover has made a name for himself as the founder and former CEO of BharatPe. Since its founding, BharatPe has seen rapid growth. The company is valued at over $2.85 billion, as of 2022. Given his successful investments, Ashneer Grover’s net worth after leaving Bharatpe is still high.
Notably, Grover has also been named to Fortune India’s “40 Under 40” list in 2021 for his contributions to the Indian startup ecosystem. Grover also appeared on the Indian version of Shark Tank as a judge in 2021. He was impressed by the numerous startups that pitched to him on the show. Given BharatPe’s valuation and past CEO position, he has likely achieved significant wealth.
You can also read our definitive Business Guide, your gateway to success in entrepreneurship, innovation, and commerce.
Frequently Asked Questions (FAQs)
How much is BharatPe Net worth
BharatPe has total funding of 680.5 million dollars. BharatPe’s valuation in July 2021 was 2,500 to 2,850 million dollars. BharatPe has rapidly expanded its presence in the Indian digital payments market by offering QR code-based payment solutions to small and medium-sized businesses. The company has also raised significant funding from investors, including several prominent venture capital firms.
How much does Ashneer Grover earn in a year?
Ashneer Grover got a salary of Rs 1.69 crore from BharatPe in FY22. Ashneer has also made several profitable investments. These fetch an estimated 9 million dollars per year. Ashneer Grover’s net worth is expected to be in the millions. However, please note that the valuation of can change over time due to various factors.
What is the monthly income of Ashneer Grover?
According to Forbes, as of May 2024, his monthly income is estimated to be around $83,000 as of May 2024. This is based on his stake in the company, which was valued at $2.85 billion in its latest funding round.
Is Bharat Pay profitable?
The BharatPe Ashneer Grover controversy affected the company for two financial years. As per the media reports from the end of 2021, BharatPe claimed to be on track. Its gross revenue increased by 4.5 times in the first half of FY22.
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