BharatPe co-founder and managing director Ashneer Grover rubbished studies of the offers he struck on Shark Tank India being affected by his latest controversies. He claimed that quite the opposite, he ended up investing in additional firms than proven on tv.
Ashneer is battling allegations of fraud, a nasty work atmosphere at BharatPe in addition to an audio clip through which he allegedly abused an worker of Kotak Mahindra Bank. He denied all the fees in opposition to him.
In an interview with Money Control, Ashneer was requested about rumours that a few of his offers on Shark Tank India have fallen via and entrepreneurs are ‘returning the cheques’. He replied, “That’s the funniest thing I’ve heard. I have gone through with all my investments on Shark Tank. There are a few deals I lost on the show where the founders reached out wanting me. So I have had to write more cheques than televised.”
Ashneer, who’s on voluntary go away from his duties at BharatPe until March-end, stated that he was ‘arm-twisted’ into it by the board of administrators. He additionally refuted studies that he was planning to resign. “Why would I resign? I am the MD. I run the company. If the board thinks I don’t need to be the MD, someone else should run the company. Please put my ₹4,000 crore on the table and take the key from me,” he stated.
Ashneer was seen as one of many judges on Shark Tank India, the place entrepreneurs come to pitch their start-up concepts and search the funding in addition to the steering of the ‘sharks’ of their enterprise in alternate for fairness. The first season of the present, which aired on Sony Entertainment Television, got here to an finish on Friday (February 4).