ASHNEER GROVER, MD BHARATPE: SHARK TANK INDIA

Ashneer Grover in Shark Tank in India

ASHNEER GROVER

Co-Founder & MD BharatPe

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Name

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Ashneer Grover

Age

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39 Years

Birth Place

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New Delhi

Education

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IIT Delhi, IIM Ahmedabad

Net Worth

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700 cr

Spouse

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Madhuri Jain Grover

Date of Birth

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14/06/1982

Hometown

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New Delhi

ABOUT ASHNEER GROVER

Ashneer Grover is the MD of BharatPe, a B2B Fintech company that caters to small merchants and local kirana stores. BharatPe launched India’s first UPI interoperable QR code, which meant merchants needed only one QR code that could be used by any payments app. Also Merchants can sign up instantly and get credit for transactions in their bank accounts the same day. It also offers Loan to merchants and has partnered with peer-to-peer (P2P) non banking financial companies (NBFC) to leverage its lending operations. It has developed an artificial intelligence (A.I.) based algorithm that analyses the merchant's transactions and cash flows, alongside their credit score and loan history. The partner NBFC processes the loan and credits the amount in merchant's account in a few days; All digital, hassle-free, and, perhaps most importantly for the shopkeeper, collateral-free.

 BharatPe is a B2B Fintech company that caters to small merchants and local kirana stores.
BharatPe launched India’s first UPI interoperable QR code, which meant merchants needed only one QR code that could be used by any payments app.
Also Merchants can sign up instantly and get credit for transactions in their bank accounts the same day. It also offers Loan to merchants and has partnered with peer-to-peer (P2P) non banking financial companies (NBFC) to leverage its lending operations.
It has developed an artificial intelligence (A.I.) based algorithm that analyses the merchant's transactions and cash flows, alongside their credit score and loan history. The partner NBFC processes the loan and credits the amount in merchant's account in a few days; All digital, hassle-free, and, perhaps most importantly for the shopkeeper, collateral-free.

PROFESSIONAL EXPERIENCE

  • Ashneer Grover was vice president in Kotak Financing Bank between May 2006 to May 2013.

  • Between May 2013 and March 2015, Ashneer Grover was Director of Corporate Development of American Express.

  • Between March 2015 and August 2017, he was Chief Financial Officer of Grofers (Now, known as blinkit).

  • Between November 2017 and October 2018, he was “Head Of New Business” at PC Jeweller Limited.

  • After October 2018 he is acting as Founder and Managing Director of Bharat Pe, and now he is also a judge at the Television reality-show named Shark Tank India. 

EDUCATION

B.Tech (Civil Eng.)

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IIT Delhi, 2000-2004

MBA (Finance)

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IIM Ahmedabad, 2004- 2006

ABOUT BHARATPE

BharatPe founded by Ashneer Grover

Year

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2016

Valuation

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US $2.5 billion

Funding

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US $700 million

Headquarters

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New Delhi

Founders & Stakeholding

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Ashneer Grover and Shashvat Nakrani

Investors

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Sequoia Capital India, Tiger Global, Northern Arc Logo
Northern ArcAmplo,
Insight Partners, MAS Financial Services.

 
 

PERSONAL LIFE

  • Ashneer Grover is the co-founder and MD of fintech firm BharatPe.

  • He founded BharatPe in 2018 after working in notable companies like Kotak Investmnet Banking, Grofers, American Express, PC Jewellers.

  • He is married to Madhuri Jain Grover, who is also an entrepreneur.

  • Madhuri previously worked for Satya Paul and Alok Industries before joining BharatPe.

  • She also owns and operates Mauve and Brown, a home furnishings company.

ACHIEVEMENTS

  • 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.

  • Built Grofers business out as CFO | Raised US$170 mn.

 

ASHNEER'S SHARK TANK INDIA INVESTMENT PORTFOLIO

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