Quick Summary: According to some reports, Ashneer Grover’s net worth is approx $108 million in 2024. In rupee term it will around Rs 800 crores.
Many of us wonder about the Bharatpe founder Ashneer Grover’s net worth! Isn’t ?
I’m excited to dive into this blog post about Ashneer Grover’s net worth, income, wealth, and lifestyle!
Let’s explore the fascinating world of personal finance through the lens of a successful entrepreneur.
Have you ever wondered how someone like Ashneer Grover has achieved such financial success?
Join me on this journey as we uncover the secrets behind his net worth and lifestyle.
By the end of this post, you’ll not only have a clear picture of Ashneer Grover’s financial standing but also gain valuable insights that you can apply to your own life for financial growth and stability.
First lets have a quick view about him.
| Ashneer Grover | Details |
|---|---|
| Birth Date | June 14, 1982 |
| Age | 39 years old |
| Family | Father – Chartered Accountant, Mother – Teacher, Wife – Madhuri Jain Grover, Children – Avy Grover and Mannat Grover |
| Education | IIT Delhi (B.Tech in Civil Engineering), IIM Ahmedabad (MBA) |
| Career Highlights | VP at Kotak Investment Banking, Director at American Express, CFO at Grofers, Head of New Business at PC Jeweller Ltd, Co-founder of BharatPe |
| Net Worth | Estimated at $95 million |
| Known For | Founded BharatPe, won Entrepreneur of the Year award and Young Achiever’s award |
| Shark Tank India Role | Judge on Shark Tank India investing in budding entrepreneurs |
| Controversies | Involved in disputes with BharatPe board leading to resignation, allegations of misappropriation of funds and toxic work culture within the company |
Who is Ashneer Grover?
Ashneer Grover was the co-founder and former managing director of BharatPe, a fintech company in India that focuses on digital payments for merchants.
He was with the company from its founding in 2018 until his resignation in February 2022.
Since, by now, we know who is Ashneer Grover. lets start & dive deep into other aspect of his life.
Ashneer Grover Net Worth In Rupees
Ashneer Grover’s net worth in 2024 is approx $108 million, which is approximately Rs 800 crores.
His wealth primary comes from some entrepreneurial ventures, investments, and his leadership position in the fintech industry.
Besides this, it is important to note that his net worth has seen steady growth over the last few years, reaching $108 million in 2024.
Ashneer Grover’s financial success is attributed to his strategic investments, diverse business ventures (which we will discuss later in this blogpost), and leadership roles in prominent companies like BharatPe.
Also Read: Peyush Bansal Net Worth: A Success Story
Ashneer Grover Education & Early Life
Ashneer Grover, born on June 14, 1982, in Delhi, had a humble upbringing in a middle-class family.
He completed his schooling at Apeejay School and pursued a B.Tech in civil engineering from IIT Delhi.
Later, he obtained an MBA from IIM Ahmedabad. During his academic journey, he was selected for an exchange program at INSA Lyon University in France.
Ashneer Grover’s parents were working professionals – his father a Chartered Accountant and his mother a teacher.
He is married to Madhuri Jain Grover, with whom he has two children.
Before co-founding BharatPe, he held positions at Kotak Investment Banking, American Express, Grofers, and PC Jeweller Ltd.
Ashneer Grover’s career showcases his entrepreneurial spirit and dedication to building successful ventures.
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Ashneer Grover IIT Rank
As if it is not enough to know that Ashneer Grover graduated from IIT, we want to know about his IIT rank also:)
Ashneer Grover, a successful entrepreneur and investor, graduated from the Indian Institute of Technology (IIT) Delhi but without any rank.
Besides this, he did his MBA from IIM also.
This achievement highlights his academic excellence and dedication to his studies. His educational background, combined with his diverse work experience, has contributed to his success in the business world.
Ashneer Grover House
Ashneer Grover’s home is a beautiful mansion in Panchsheel Park, also known as Panchshila Park, South Delhi, India.
The house is 18,000 square feet and is expected to cost roughly Rs 30 crore.
The home has a lower floor for parking luxury automobiles, two extra stories, and grey-slate exterior tiles.
The interior design features a minimalist aesthetic with tones of beige, gray accents, wooden floors, and tastefully chosen lighting.
The house also has a spacious 7-seater sofa set, a 12-seat dining table with marble top, and a terrace.
The property is surrounded by vegetation and features a wide 160-foot-long hallway that Grover uses as a jogging track for his workouts.
Ashneer Grover Companies
- Investments: Ashneer Grover has invested in various companies, including M2P, Credgenics, and OTO, primarily in the Consumer and Retail sectors.
- Portfolio Exits: He has one portfolio exit with Get-A-Way, an internet-first brand of healthy ice cream that was acquired in December 2022.
- Founded Companies:
- QR Code-Based Payment Solutions: Founded in 2018, this company offers QR code-based payment solutions for consumers and businesses in the FinTech sector.
- Angel Network: Established in 2018, this network focuses on investing in early-stage tech startups.
- App-Based Platform: Founded in 2021, this company provides point-of-sale financing through an app-based platform.
- Board Memberships: Ashneer Grover has had a past board membership with BharatPe, a company offering QR code-based payment solutions.
Ashneer Grover in Shark Tank
Ashneer Grover was selected to be a judge on Shark Tank India after being approached by Sony through Venture Catalyst, an early stage investor.
Despite not having watched the international version of Shark Tank, he agreed to join the show due to the investment aspect.
His selection was based on a list of potential judges provided by Venture Catalyst, and after positive interactions with the show’s team, he accepted the opportunity.
Ashneer Grover’s participation in Shark Tank India showcases his willingness to engage in new ventures and support budding entrepreneurs seeking guidance and investment for their businesses.
Ashneer Grover Investments
Accordingly to resources, Ashneer Grover has invested in many companies. Some of them are mentioned below for your reference. This list may not be exhaustive.
- Big Bang Food Tech
- Freadom
- The Whole Truth
- PazCare
- India Gold
- Fello
- Hire Quotient
- Koo
- Skippi Ice Pops
- Front Row
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Ashneer Grover Cricpe: A Fantasy Cricket Platform
Lets me share some interesting information about Cricpe (A fantasy cricket platform started by Ashneer Grover).
Subscription Plans:
- CrickPe has introduced subscription plans ahead of the Asia Cup, offering zero platform fees for paid users under INR 200 monthly or INR 1,000 yearly packs.
- CrickPe Pro users enjoy benefits like no 10% platform fees on winnings and an extra 5% on shared teams’ winnings
Launch and Features:
- Launched by Ashneer Grover, Madhuri Jain Grover, and Aseem Ghavri, CrickPe allows users to create virtual cricket teams and win cash prizes based on real players’ performances.
- The app has gained popularity with over 1 million downloads on Google Play Store since its debut before the Indian Premier League (IPL) in March
Market Strategy:
- CrickPe aims to compete with established platforms like Dream11 by offering innovative features like paying cricketers for their performance in the fantasy game.
- The platform charges a 10% platform fee for contests and targets profitability by the end of the IPL season
Funding and Expansion:
- Third Unicorn, Grover’s venture behind CrickPe, raised $5 million (INR 40 crore) with a pre-money valuation of INR 250 crore and post-money valuation of INR 290 crore.
- The company plans to enter the insurance space in the future and has received backing from celebrities like Badshah and Haldiram’s family office
Also Read: Robert Kiyosaki Life Story | Secret Revealed!
Ashneer Grover Books
Ashneer Grover’s book “Doglapan” is an autobiography of his commercial path and his fight against defamation of his public image.
The book delves into his biography, from his early years as a third-generation Pakistani refugee to his successful career in investment banking and co-founder of BharatPe, a fintech startup.
The book also covers his dramatic departure from BharatPe and his opinions on entrepreneurship.
If I have to pen down key learnings from this book, then it will looks like this…
- Prioritize yourself and plan for tax payouts.
- Be cautious with angel investors and employees.
- Be selective when working with family members.
- Don’t let investors dictate your business decisions.
- Focus on your customers and your product.
- Be mindful of who you allow to join you on your journey.
Also Check about: Namita Thapar, Peyush Bansal, Anupam Mittal
Lessons from Ashneer Grover Life
Till now, you have seen many aspect of Ashneer Grovers life.
Now is time to reflect back and see what lesson we can draw from his life so that we can enhance our career accordingly.
Ashneer Grover’s life journey teaches us valuable lessons about entrepreneurship & few of them are as under:
- We should handle the corporate disputes internally so that it will not cost dearly to our reputation.
- We should ensure to balance power among all stakeholders to prevent any sort of conflicts. This should be kept in mind since the beginning of a startup/ company.
- We should ensure to maintain a professional public image. This will help build credibility. Ideally, no personal matters should be discussed publically.
- Prioritize value creation over short-term gains. Be in the long term play. Building a startup is not a stint but a marathon.
- Embrace resilience and perseverance in the face of challenges. No need to loose temper and create a dent on your public image.
- Build strong teams for collaborative success. Again, building business a team work, not a solo play.
- Last but not the least, make strategic decisions for sustainable growth and profitability.
Also Read: 10 Golden Principles of Warren Buffett
Conclusion
As we conclude this exploration into Ashneer Grover’s financial world, I am reminded of the power of determination, strategic planning, and wise investments in shaping one’s financial destiny.
By learning from individuals like Ashneer Grover, we can glean valuable lessons that transcend mere numbers and inspire us to dream bigger and aim higher in our pursuit of financial well-being.
Remember, every step you take towards financial literacy and empowerment brings you closer to achieving your own version of success.
Here’s to embracing a future filled with abundance and prosperity!
Also Read: Robert Kiyosaki Real Estate Investing | Strategies Revealed!
Also Read: How did Robert Kiyosaki make his money?
FAQs
Is Ashneer Grover a millionaire?
Yes. Ashneer Grover is a well-known entrepreneur and investor in the Indian financial industry. His net worth is estimated to be around $108 million or Rs 800 crores.
Who is the owner of Cricpe?
The owner of CrickPe, a fantasy cricket and gaming platform, is Ashneer Grover.
He co-founded the app under the parent company Third Unicorn Pvt. Ltd, along with his wife Madhuri Jain-Grover and Aseem Ghavri.
The platform aims to reward players for their performances and has gained popularity in the fantasy sports industry, competing with established platforms like Dream11 and Mobile Premier League (MPL)
Is Ashneer Grover richer than Aman Gupta?
Net worth of Ashneer Grover is almost similar to that of Aman Gupta (Co-founder of BoAT), with an estimated net worth of around $108 million, equivalent to approx. Rs 800 crores, as of 2024.
Grover’s wealth primarily stems from his stake in BharatPe, a fintech company he co-founded, and his investments in various startups.
Who is CEO of Bharat pay?
The CEO of BharatPe is Ashneer Grover, who co-founded the company in 2018 and played a pivotal role in transforming digital payments and financial services for small and medium-sized businesses.
Ashneer Grover’s leadership and vision have been instrumental in the growth and success of BharatPe within the fintech industry.
How much money did Ashneer Grover make on Shark Tank India?
In one of lecture at a University event, Ashneer Grover surprisingly revealed that they were not paid anything for doing the show.
This is contrary to the rumors that they were paid Rs 10 lacs per episode.
