ASHNEER GROVER NET WORTH
BharatPe interim CEO details bounce back plans; Hinduja Tech plans minority stake sale
In his first media interview since the Ashneer Grover saga unfolded, BharatPe interim chief executive Nalin Negi details the company’s profitability goals, IPO plans, and more. Get all the details in today’s ETtech Top 5.
We are working to co-create products with Unity Bank; will increase stake in NBFC: BharatPe’s stand-in CEO Nalin Negi
This comes as the company has been looking to rekindle its relationship with Unity Bank after a tumultuous period marked by the departure of BharatPe cofounder Ashneer Grover last year, and the subsequent efforts to strengthen the board and corporate governance practices.
Ashneer Grover, wife stopped at Delhi airport; Walmart’s Q3 report card
BharatPe’s embattled cofounder Ashneer Grover and his wife Madhuri Jain were stopped at the Delhi airport from travelling to New York. This and more in today’s ETtech Top 5.
Flipkart employee's Twitter rant sparks outrage over taxation woes and online gaming taxes
The conversation took a detour into the realm of online gaming, as Goyal and others discussed the government's recent decision to impose a 28 percent tax on funds collected by gaming companies from their customers. Many argued that this move was excessively burdensome and discouraged investment in the real-money gaming industry.
Ashneer Grover explains why BharatPe is 'special'. It's not what you expect
BharatPe co-founder Ashneer Grover has been at loggerheads with the fintech platform ever since he resigned after a dramatic spat. Since then, Ashneer has been taking digs at the company and its management. In his latest post, the entrepreneur explained why BharatPe is special. "BharatPe is special ! It’s management under Rajnish Kumar is a class act (will become management case study)," he wrote on Twitter.
Google Bard comes to India; SoftBank Vision Fund logs $32 billion loss, sells 2% in Paytm
Google kicked off Google I/O, its annual developer conference, on Wednesday and made a slew of announcements. Besides launching Pixel Fold, Pixel 7a, and its first Pixel tablet, Google demonstrated some of the upgraded capabilities of its AI chatbot Bard and said it would roll it out in over 180 countries, including India.
- Go To Page 1
Ashneer Grover appeals to switch on Mumbai Sea link lights with a hilarious tweet
Ashneer Grover has appealed to the Mumbai authorities to turn on the lights of the Bandra-Worli Sea Link cables. He even compared the Bandra-Worli Sea to the Bay Bridge in the US.
Ashneer Grover, the influencer, earns more than Ashneer Grover, the entrepreneur
Former Shark Tank judge and BharatPe MD Ashneer Grover earned himself the spotlight again, but this time for less controversial reasons. The entrepreneur said that he now earns more by making reels than what he used to earn as an entrepreneur and during his banking days.
Indian startups rush to withdraw funds from Silicon Valley Bank; top level exits at Infosys concerning, say analysts
Some founders are opening GIFT Bank accounts so that the transfers can take place at the earliest. These firms are also exploring transferring their deposits to neobanks like Brex as well as traditional banks such as JPMorgan Chase, HSBC and CitiGroup.
BharatPe paid Rs 1.69 crore salary to Ashneer Grover in FY22, Rs 63 lakh to his wife
Fintech platform BharatPe paid a salary of Rs 1.69 crore to its Co-founder and managing director Ashneer Grover in FY22, while his wife Madhuri Jain Grover who was former head of controls at the company took home Rs 63 lakhs.
Gold plated coasters, dining table, private lift: Ashneer Grover gives a tour of his luxurious home in Delhi
BharatPe co-founder Ashneer Grover recently gave a sneak peek into his Delhi house during an interview. The prized possessions of the entrepreneur have taken the Internet by storm. Here is everything about Ashneer’s lavish house.
The unravelling of GoMechanic after SoftBank-Khazanah funding collapsed; Oyo to refile IPO papers
With SoftBank and Malaysia’s Khazanah pulling the plug on GoMechanic funding round after EY flagged issues like inflated revenues, fictitious garages, the startup has admitted to making what its founder Amit Bhasin called “grave mistakes”. Bhasin also confirmed that the firm will sack about 70% of its employees as its investors including the likes of Sequoia, Tiger Global, Chiratae Ventures, have initiated a financial audit of the firm.
Bhavik Koladiya sues Ashneer Grover; govt extends feedback deadline for draft gaming rules
Koladiya founded the fintech firm in 2017 with Shashvat Nakrani, his schoolteacher's son. In 2018, they began searching for a chief executive for the company and eventually joined hands with Grover.
TCS net profit up 4% from Q2, misses estimates; India’s iPhone exports double to over $2.5B
Tata Consultancy Services reported a lower-than-expected profit for the third quarter on Monday, as clients tightened spending amid a challenging macroeconomic environment that prompted the company to cut its workforce. Net profit rose nearly 4% from the previous quarter to Rs 10,846 crore but was lower than the expected Rs 11,200 crore.
BharatPe’s FY22 revenue jumps 169%; loss widens to Rs 5,594 crore
The New delhi-based company said the expansion of losses is on account of change in the fair value of its compulsory convertible preference shares worth Rs 4,782 crore.
2022 Year in Review | The Ashneer Grover-BharatPe saga
On February 23, BharatPe sacked Madhuri Jain, the company’s financial controller and Grover’s wife, on charges of misappropriating funds. Jain had been in charge of BharatPe’s finances since October 2018.
Rs 2.25 crore in 8 minutes! How Ashneer Grover minted money in Zomato IPO
"Of course, I knew of Deepinder, and I am a big believer in his ability to persevere and keep building big. Fundamentally, with the pandemic, the ticket size of their orders had grown, as people were ordering food from home for 3–4 members in the family, as against single rolls in office, thereby increasing Zomato’s absolute margins," said the entrepreneur and investor.
BharatPe moves to SIAC to enforce 'claw back' of Ashneer Grover's restricted shares
This is the third legal action by BharatPe against Grover this week in an ongoing battle where the fintech firm has also filed a civil suit at the Delhi High Court and a criminal complaint with the Economic Offences Wing (EOW).
Amazon reassessing some India experiments: Manish Tiwary; US tech layoffs may increase demand for EB-5 visas
Tiwary added that the technology giant would double down on its investments business-to-business (B2B) marketplace, pharmacy, grocery and social commerce in the coming year.
Shark Tank India season 2 promo: Meet the new sharks; Ashneer Grover, Ghazal Alagh not returning
Shark Tank India has released its first promo for season 2 and fans can't wait for the show. There is a lot to look forward to but Ashneer Grover and Ghazal Alagh won't be coming back this time. It would be interesting whether the makers of the show would live up to the expectations this time.
BharatPe’s original cofounder moves on; Zomato stock zooms 20%
Bhavik Koladiya, who cofounded BharatPe with Shashvat Nakrani in March 2018, is ending his association with the company.
BharatPe’s original cofounder Bhavik Koladiya moves on
Koladiya’s contract has not been renewed, according to two people who were aware of the discussions. He was removed from BharatPe’s cap table after being convicted of credit card fraud in the US in 2015.
BharatPe back on track after Ashneer Grover controversy, records 112% growth
"Post a successful FY22 that we closed with a 3 times growth in merchant loans, 2.5 times growth in payments and a 4 times jump in revenue, BharatPe has recorded its' best ever quarter in Q1, FY23," said Suhail Sameer, CEO, BharatPe.
BharatPe looks to claw back Ashneer Grover’s restricted shares
Says cofounder and his family siphoned money off co accounts, reserves right to take further legal action
Ashneer Grover resigns from BharatPe, says he’s been ‘vilified’ by investors
Ashneer Grover said that from being celebrated as the face of Indian entrepreneurship he is now wasting his time fighting a long, lonely battle against his own investors and management. Unfortunately, in this battle, the management has lost what is actually at stake – BharatPe, he said
Exclusive | I’ve lost management shares worth Rs 100 crore: Ashneer Grover
Ashneer Grover said BharatPe had also “defrauded” his wife, former BharatPe controller Madhuri Jain, of her employee stock options.
Nothing to hide, says defiant Grover, hours after resigning
Hours after he resigned from BharatPe, cofounder Ashneer Grover told us in an interview that he was open to making his and his family’s finances public, and challenged board chairman Rajnish Kumar and Sequoia Capital’s Shailendra Singh to do the same.
Amid controversy, BharatPe’s Ashneer Grover milks new-found fame, taps Gen Z audiences
Grover's audience reflects a troubling culture of admiring brash personalities and a generation that is on the constant lookout for masala characters and content, experts said.
Exclusive: Ashneer Grover in talks to sell his 9.5% stake in BharatPe
Ashneer Grover is rushing to close the stake sale before Alvarez & Marsal's audit report is tabled before the BharatPe board. The secondary sale signals that he could be eventually ousted once final findings are submitted.
Load More
