📺 Stream EntrepreneurTV for Free 📺

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.
Leadership

You're Reading Body Language All Wrong — And It's Putting Your Next Business Deal On The Line. Decode Non-Verbal Cues By Following These 5 Steps.

In the intricate dance of business meeting negotiations, the nuances of communication become the fulcrum on which decisions balance. For the astute entrepreneur, understanding body language is not just a skill; it's an imperative. However, relying solely on isolated gestures can be deceptive. To truly harness the power of non-verbal cues, one must grasp the concept of "clusters."

Business News

The Music Giant Behind Beyoncé, Harry Styles and Adele Bars ChatGPT From Using Its Songs

The world's largest music publisher sent letters to more than 700 companies demanding information about how its artists' songs were used.

News and Trends

Gen Z and Millennial Ally AI; Expect It to Improve Work-life Balance

While in recent times we've seen big tech players recall their work-from-home or hybrid policy, it still remains a priority among people

Business News

OpenAI's New Deal Sees the ChatGPT Trailblazer Following a Competitor's Lead

OpenAI is treading on Google's AI-training territory following its new deal with Reddit.

News and Trends

How Actor Vicky Kaushal At 36 Bagged: A National Award, Cannes Recognition And 20 Plus Films

As the National award winning actor Vicky Kaushal turns 36 on Thursday, here we look at his 12 years journey, which started from 2012.

Starting a Business

Clinton Sparks Podcast: The Secrets of Entrepreneurship Told by David Meltzer

This podcast is a fun, entertaining and informative show that will teach you how to succeed and achieve your goals with practical advice and actionable steps given through compelling stories and conversations with Clinton and his guests.