Ashneer Grover Demands Rs.4000 Crore to Leave BharatPe
                     Ashneer Grover Demands Rs.4000 Crore to 
Leave BharatPe
Shark  Tank  Shark  Tank's  Indian  host  Ashneer Grover  landed  in  controversy in  the  last  
month after  an  audiotape  of  him  where  he's  accused  of  threatening  and  hurling  abuse  at  
the  Kotak Mahindra  Bank  employee,  was  released.  Ashneer  has  denied  all  allegations  
and  said  the company he works for will be BharatPe in exchange for investors giving him the 
sum of Rs4,000 crore.
After  the  release  of  the  audiotape  in  the  last  one  month  ago,  Ashneer  declared  it  to  be  
fake audio recorded by a fraudster seeking to steal money." The statement that was made in a 
tweet that was later removed by Ashneer. Now, legal actions are being taken by Kotak 
Mahindra Bank against Ashneer for “inappropriate language” used against their employees.
In a recent conversation with Money Control, Ashneer has stated that he will quit his employer 
only after an individual investor purchases out his 9.5 percent stake in the company.
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Ashneer stated, I am the MD and I run the company. If the board decides that I'm not needed to 
be the MD, and somebody else should be the CEO of the business, then please place my Rs 
4,000 crore on the market and get the keys off my hands. If you're looking to purchase me, 
you would like to purchase me at the fair market value you think it is, right? According to me, 
a fair value would be about $6 billion.
After the alleged audio making rounds on the internet, Ashneer is on a voluntary leave from his 
duties on BharatPe until March-end. Similarly, last week, Ashneer’s wife - Madhuri Grover - also 
went on a voluntary leave for a vacation.
About Ashneer Grover
Ashneer, an IIM alumni, worked as an executive  vice president at Kotak Mahindra Bank, 
after which  Ashneer  was  hired  by  American  Express.  Later,  Ashneer  went  on  to  co-found  
both Grofers and BharatPe.
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About BharatPe
BharatPe  is  an  Indian  fintech  firm  that  caters  to  small-sized  merchants  and  owners  of  
kirana stores in India. It offers a wide range of fintech  solutions, including  interoperable QR 
codes to facilitate  UPI  transactions,  Bharat  Swipe  for  card  acceptance,  as  well  as  small  
business financing. BharatPe’s revenue for fiscal 2021 jumps over six times to Rs 700 crore. 
BharatPe’s valuation  was  $3  billion  last  year  when  it  raised  $370  million  from  Tiger  
Global,  Coatue  and others. BharatPe’s net worth today is around $6 billion.
Subscribe  to  Entrackr’s  newsletter  to  get  all  the  updates  on  Bharatpe  and  other  latest  
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