The Ex-Co-founder of BharatPe, Ashneer Grover has become a super popular name in India. He is the man who organized the unorganized sector of payments in India.
Recently, he made his appearance as a shark in the show, Shark Tank, India. There he contributed to the funding of various startups.
He has a keen eye for startups that holds great future potential in them. Over the years, Ashneer has funded many startups. For example- Pocketly, Credgenics, Freadom, Zorro, etc.
About Ashneer Grover
List of Startups Funded by Ashneer Grover
- Big Bang Food Tech
- TagZ Foods
- Freadom
- Koo App
- Zorro
- HireQuotient
- Fello
- Skippi Ice Pops
- Get-A-Whey
- Paz Care
- Trica
- FrontRow
- OTO Capital
- EasyRewardz
- Lets Hash
- The Whole Truth
- Credgenics
- Pocketly
- india gold
- Junio
- M2P Fintech
- Rupifi
- earKart
- MyHq
About Ashneer Grover
He was the Co-founder and Managing Director of BharatPe. He is an entrepreneur hailing from Delhi. He graduated from the Indian Institute of Technology, Delhi. For higher studies, he went to the prestigious Indian Institute of Management, Ahmedabad.
Ashneer Grover started BharatPe, the payment application in 2018 and resigned from the same on February 28, 2022. Before that, he has worked in many esteemed companies. These include Grofers, American Express, PC Jeweller Ltd., and Kotak Investment Bank.
He is one of the most popular under 40 entrepreneurs in India.
List of Startups Funded by Ashneer Grover
Ashneer is a man of great intellect who discovered a solution to help small retailers with digital payments. He is not just the founder but a great investor as well. He has funded many startups in the fields of fintech, healthcare, gaming, etc.
The startups funded by Ashneer are as follows:
Big Bang Food Tech
Big Bang Food Tech is a Thrasio-style restaurant roll-up startup founded by Abhimanyu Singh Rana, Sonia Sinha, Sonia Mohindra, and Manu Mohindra that has made headlines by growing 80X since inception. With its monthly orders surging by 50% within just 2 months, Big Bang is a startup to be checked out. This startup raised its Seed round worth INR 4.8 crore led by a bundle of investors including Artha Venture Fund, Ashneer Grover, Harsh Jain, Anand Kumar, Nikhil Aggarwal, and others.
TagZ Foods
This startup is a supplier of snacks and food products, founded in the year 2019. It aims to promote healthy snacking and an active lifestyle. Their most popular snack is potato chips which are neither fried nor baked. This is the most recent startup investment by Ashneer. He signed a deal for 70 lakhs INR at 2.5% equity.
Freadom
It is an extensive learning platform, founded in the year 2008. It is meant for children between the age group of 3 to 12 years. The startup strengthens the ability to read and speak in English. It also helps in developing conversational skills among children. The company raised $2.5M as Seed VC from Ashneer and other investors.
Koo App
Koo is a micro-blogging platform from India. Founded in March 2020 by Aprameya Radhakrishna, Mayank Bidawatka, the Koo App won the AatmaNirbhar innovation challenge and is a promising Made in India service platform, which aligns with the vision of PM Narendra Modi. It is a social media platform that helps Indian users share audio and video content, connect with each other and carry on with their conversations in 13+ local languages of India.
The popular Indian local vernacular social media app received funds from Ashneer Grover too along with some other investors like Capier Venture Partner, Ravi Modi Family Trust, in its Series B funding round, which helped it receive more than $10 mn in funding. The round came in 2 tranches.
Zorro
Zorro is a new-age pseudonymous social network, launched in the year 2021. Here people can write and share their thoughts without any limitations. People can wear a mask or build their private identity on this platform. The company raised a seed round of $3.2M from Grover, 3one4 Capital, and twelve other investors.
HireQuotient
It is an HR tech startup, launched in the year 2021. It is a platform of skill assessments to automate the process of HR interviews. HireQuotient helps the companies to bring about insights into a candidate’s job-specific skills and comes up with final recommendations. The startup is here to disrupt the non-tech hiring process. The company raised $1.8 M for a pre-seed round from Ashneer and seven other investors.
Fello
It is a gamified investment and personal finance startup, launched in the year 2020. This is a great platform that allows gamers to turn into investors. Here, the users can save, invest, and receive higher returns than the regular savings account. The company raised a $1M seed round from Ashneer, Acequia Capital, and eight other investors.
Skippi Ice Pops
It is an ice popsicles brand, founded in the year 2020. The company makes its products by keeping the health of consumers in mind. Their ice popsicles do not have any artificial colors, sweeteners, or preservatives, rather all these are natural. It comes in various flavors that are not only delicious but also natural and healthy. He invested 20 lakhs INR for 3% equity of the company.
Bharath
Get-A-Whey
Get-A-Whey is an ice-cream brand, founded in the year 2018. It brings us India’s first healthy ice cream. These have no-added sugar and are packed with high proteins. It is also keto-friendly. The brand offers many varieties of flavors packed with health. He funded 33.3 lakhs INR for 5% equity of the company.
Paz Care
It is a tech-based health insurance platform, founded in the year 2020. It allows to design and administer the employee benefits programs. Paz Care is a one-stop solution for all of the employees’ healthcare needs. This startup enables employers to make better and more informed healthcare decisions for their employees. It raised a seed round of 25 crores INR from Grover, 3one4 Capital, and six other investors.
Preeti Karna
Trica
It is a combined technology solution for equity and transaction management. Trica was founded in the year 2018. Its features include ESOP (employee stock ownership plan) management, primary fundraising, and solutions for liquidity. It facilitates startups to manage ESOP and investors to invest in budding startups. The company raised seed round funding of $3M from Grover and eight other investors.
FrontRow
It is an online learning platform, launched in the year 2012. The startup is meant to enable people to pursue their passion. They have courses for hobbies, creative arts, and sports. Here the types of classes include comedy, music, cricket, and more. The platform also conducts regular activities and competitions to enable the learners to practice more. The company raised 100 crores INR /Series A funding round from Ashneer and eighteen other investors. Deepika Padukone has also funded in the startup.
OTO Capital
This is a software company, founded in the year 2018. The company offers reasonable plans to buy our own automotive. It has partnered with many banks and NBFCs to provide financing facilities to its customers. The platform provides management of credit underwriting, insurance, management, and resale of the vehicle. The company raised a Series A funding round of $6M from Ashneer and nine other investors.
EasyRewardz
It is an industry-agnostic cloud-based CRM and Loyalty and conversational commerce platform. It was founded in the year 2011. It helps the brands deliver smooth customer experiences and create a deeper connection with them. This enables the members to track and manage their loyalty balances across hotels, airlines, and shopping. The company raised pre-Series A round of 3 crores INR in 2015 from Ashneer Grover, Wealth First and other investors.
Lets Hash
It is a cigarette brand, founded in the year 2020. The brand aims to digitize the businesses of small tobacco retailers (paanwalas) in India. It provides credit access to this segment by making the supply chain more efficient. This way the brand’s sales get a boost and the small retailers gets to grow. The company raised 25 crores INR from Ashneer and six other investors.
The Whole Truth
The startup founded in the year 2019, manufactures protein bars. The bars are packed with nutrition and make for a wholesome snack. These do not have added sugar, artificial sweeteners, preservatives, coloring, or flavoring agents. They are made with natural ingredients like cocoa, dry fruits, and raw whey. Ashneer was among the eleven investors of the Series A funding round of 43 crores INR raised by the company.
Credgenics
It is a technology-enabled recovery platform, founded in the year 2018. They use automation intelligence and the best legal ways to deliver custom strategies for higher recovery rates at lower costs. Credgenics helps banks and fintech lenders in reducing critical NPA (Non-performing loans). Grover was one among eight investors who took part in a Series A funding round that raised $25M.
Pocketly
It is a microlending platform for college students, founded in the year 2019. It offers instant and short-term loans by using machine learning and artificial intelligence. The company has features like credit extensions, transparent costs, and online support. Thus, empowers the students with instant cash. The company raised an undisclosed amount from Ashneer and seven other investors.
india gold
This startup provides gold loans and gold locker services. It was founded in the year 2020. The company offers instant gold loans at inferior rates and minimum documentation. The company also offers insured lockers to their customers. The company raised 14 crores INR from Ashneer and nine other investors.
Alan Joseph
Junio
It is a startup that provides smart cards to children for their expenses. It started in the year 2020. With this app, a child can learn to earn, spend and save. It offers a digital pocket money-smart card for children. Parents can use their app to transfer money. In this way, children can learn to handle their finances under their parents’ guidance. Junio raised a $3M seed round from Grover and five other investors.
M2P Fintech
It is a fintech startup, founded in the year 2014. M2P Fintech has experienced experts in fintech businesses and banking. They offer guidance and access to a reputed bank network to the users.
The platform connects banks, payment networks, businesses, and merchants. This helps the companies to co-create their own branded payment products. The company received Series A funding of $4.5M from Ashneer Grover and eight other investors.
Rupifi
It is a digital B2B platform, founded in the year 2020. Rupifi offers loans, working capital, and payment services to small and medium businesses. These are offered on the basis of credit scores. The businesses can make the repayments later and thus, manage their finances better. Ashneer was one among the seven investors for the pre-seed funding round of the company that raised $650,000.
earKart
It is an online platform that provides hearing aid devices and services. The startup was founded in the year 2021. It allows the hearing aid dispensers and patients to access top global hearing aid brands at fair prices. The platform enables patients with hearing problems to connect with its wide network of dispensers in the nation. Currently, Ashneer is the only investor on this platform. The company raised an angel round of funding from Ashneer, the amount however, remains undisclosed.
MyHq
It is a coworking office space solution provider for individuals and businesses, founded in 2016. MyHQ offers co-working spaces without any fixed monthly rent. These spaces are zones inside cafes, and restaurants, where one can work or conduct meetings without renting the place. These places have wifi, food, and other working essentials. Ashneer was among many investors who took part in company's round of funding. His amount remains undisclosed.
Conclusion
The wave of startups in India is soaring high. Ashneer definitely has made a place on top for himself in the startup industry. He is known for being the founder of BharatPe. His appearance on Shark Tank India made him an even more popular name in the entire country. He was in fact, the richest shark on the platform.
Throughout the years of his entrepreneurship, he has funded many startups like Rupifi, Junio, Trica, earKart, and more. Ashneer Grover has indeed made his name and mark in the entrepreneur industry an unforgettable one.
FAQs
Who is Ashneer Grover?
Ashneer Grover was the Co-founder & Managing Director of BharatPe but has resigned and relinquished his positions in the firm on February 28, 2022, after he was entangled in numerous controversies including financial frauds.
How many startups did Ashneer Grover invest in to date?
Ashneer Grover has invested in more than 24 companies to date.
What are the companies that Ashneer Grover has invested in?
There are 24+ companies that Ashneer Grover has already invested in. This includes:
- EasyRewardz
- Nazara
- Koo App
- Recko
- Vested
- Vahan
- Jupiter
- Atom Finance
- RupiFi
- M2P
- Big Bang Food Tech
What is the net worth of Ashneer Grover?
Ashneer Grover's Net worth is expected to be $90 Million (2021).
What is the total amount invested by Ashneer Grover in Shark Tank India?
Ashneer Grover invested INR 4 Crore till now in Shark Tank India.
How much equity does Ashneer Grover have in BharatPe?
Ashneer Grover owns 9.5% stakes in BharatPe but his stakes in the firm are at stake after his resignation.
What industry does Ashneer Grover like to invest in?
Ashneer Grover, till now, has tapped into a series of industries which includes gaming, healthtech, fintech, alcobev, co-working, staffing, and more.
Source :- https://startuptalky.com/ Author :- Muskaan Kapoor Date :-April 01, 2022 at 11:45AM