You can be on Entrepreneur’s cover!

Ashneer Grover Plans To Raise Up To $300 Million For His Next Startup He had earlier said he plans to start his own venture without seeking funds from investors

By Teena Jose

Opinions expressed by Entrepreneur contributors are their own.

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Ashneer Grover Twitter handle

Ashneer Grover, former BharatPe co-founder, is holding discussions with US-based family offices and offshore private equity players to raise $200-300 million for his new undisclosed venture. As per reports, Grover might use his personal wealth to start his new company and might even sell a part of his stake in BharatPe for the startup fundraise.

On June 14, Grover announced that he is ready to get back into the business world with plans to build another Unicorn. He made this announcement through a tweet saying, "Today I turn 40. Some will say I've lived a full life and experienced more things than most. Created value for generations. For me, it's still unfinished business."

As per earlier reports, in contradiction to his current statement, he had said that he plans to start his own venture without seeking funds from investors. In his words, "I wish to start my own venture with my own money and make it profitable." He also added that he doesn't want to go to investors again and that his tussle with BharatPe was a badly fought corporate battle. Grover made this statement during the TiECon-2022 startup and entrepreneurial event held at Chandigarh.

Grover had also been in the news after his public dispute with Kotak Mahindra Group. The audio clip of Grover allegedly verbally abusing a Kotak Mahindra bank employee during a phone call was leaked and days after BharatPe sacked his wife, Madhuri Jain Grover, for alleged financial irregularities. Grover resigned as the managing director and board director of BharatPe on March 1, 2022.

Before BharatPe, Grover was associated with Grofers, another Unicorn, as the chief financial officer until August 2017.

Teena Jose

News Desk Reporter with Entrepreneur India

Teena is a post graduate in financial journalism. She has an avid interest in content creation, digital media and fashion.
Business News

This Highly-Debated Piece of Cinematic History Just Sold For Over $700,000 at Auction

The wood panel from "Titanic" is often mistaken as a door. Either way, he couldn't have fit. (Sorry.)

Money & Finance

5 Simple Wealth-Building Tips For This Generation's Forward-Thinkers

Explore practical finance tips for young professionals striving to overcome economic challenges.

Business News

From Tom Brady to Kevin O'Leary – See Who Lost Big in the Wake of the FTX Crypto Collapse

The crash exposed an $8 billion hole in FTX's accounts, leaving investors and customers scrambling to recoup their funds.

Leadership

What We Have to Gain By Talking About Grief and Loss At Work

I lost my husband to cancer during Covid — here's how it changed how I lead at work.