Shark Tank India’s Ashneer Grover landed in controversy final month, after an audiotape of him, by which he’s allegedly threatening and hurling abuses at a Kotak Mahindra Bank worker, was launched. Ashneer has denied these accusations and has mentioned that he’ll depart his firm BharatPe, if traders give him ₹4,000 crore.
After the audiotape was launched final month, Ashneer referred to as it a “fake audio by some scamster trying to extort funds. He later deleted the tweet. Kotak Mahindra Bank is now pursuing legal action against Ashneer over “inappropriate language” used in opposition to their worker. In a brand new interview with Money Control, Ashneer has mentioned that he’ll depart the corporate provided that an investor buys out his 9.5% stake, at a valuation of $6 billion.
Ashneer mentioned, “What have I accomplished to resign? This is like execution earlier than trial. I’m the MD (managing director). I run the corporate. If the board thinks I don’t have to be the MD and another person ought to run the corporate, please put my ₹4,000 crore on the desk and take the important thing away from me. If you wish to purchase me out you wish to purchase me out on the truthful market worth, proper? In my view, the truthful market worth is $6 billion. Either I’ll run the corporate or they purchase me out, there is no such thing as a third choice.”
Ashneer added, “From May 2021, when the round was priced, my merchant business today is 50% higher. I have got a bank license, which was not there then. I have built the largest P2P (peer-to-peer) platform, 12% Club, which wasn’t there. I have built PostPe, a BNPL (Buy Now Pay Later) play. We have also merged PMC (Bank) in addition to getting the license. If I was running the business, I am extremely confident of doing a $6 billion valuation round.”
After studies in regards to the alleged audio got here to gentle, Ashneer took voluntary depart until March-end. Last week, Ashneer’s spouse Madhuri Grover additionally reportedly went on a depart of absence.
Ashneer accomplished his MBA from IIM Ahmedabad in 2006. He has labored as a vice chairman at Kotak Mahindra Bank, after which he joined American Express. In 2015, he based Grofers and labored as the corporate’s chief monetary officer. In 2018, he co-founded BharatPe.
Ashneer was final seen on Sony TV’s present Shark Tank India, as one of many sharks. Apart from him, the present additionally featured Shaadi.com, Makaan.com, and People Group founder Anupam Mittal, Sugar Cosmetics co-founder and CEO Vineeta Singh, boAt co-founder and CMO Aman Gupta, Lenskart co-founder and CEO Peyush Bansal, Emcure Pharmaceuticals govt director Namita Thapar and MamaEarth co-founder Ghazal Alagh.