Shark Tank India Judge Ashneer Grover’s Net Worth

On Shark Tank India in 2021, Ashneer Grover became a household name in India as one of the ‘ sharks.’ Ashneer captivated audiences and businesspeople with his bluntness and commercial acumen.

Ashneer’s success has been unconventional. His family was not in business. He was born in 1982 in Delhi. Ashneer earned a civil engineering degree from IIT Delhi in 2005. He worked for American Express but discovered he didn’t like corporate life. The entrepreneurial bug grabbed Ashneer, who quit his secure position to get an MBA from IIM Ahmedabad in 2008.

Early Ventures

After business school, Ashneer tried many businesses with varying results. An online second-hand products marketplace he started failed. In-vitro fertilization solutions were his next effort in healthcare. This was also hard to grow commercially.

Despite these early failures, Ashneer brainstormed fresh concepts. He eventually decided to offer India’s neglected small merchants banking services. In 2018, Ashneer and his batchmate Shashvat Nakrani founded BharatPe.

BharatPe- The Fintech Disruptor 

BharatPe began as a small merchant QR code payment service. Over time, it added loans, payments, and other digital financial services. The firm has succeeded in India’s competitive economic market by offering new solutions for small merchants.

Full NameAshneer Grover
OccupationFounder of BharatPe
Ashneer Grover

For instance, BharatPe introduced India’s first UPI interoperable QR code, meeting merchant needs. The business also launched PostPe, India’s first UPI-financed merchant credit facility. Product improvements and excellent marketing have helped the firm increase its merchant base to over 8 million, according to recent figures.

Company names like Coatue Management, Ribbit Capital, and Insanity Circle have invested over $650 million in BharatPe. The $3 billion corporation wants to become a merchant financial services supplier.

Ashneer Grover’s Role

As one of the founding members, Ashneer Grover has played a pivotal role in BharatPe’s impressive growth story so far. He was Managing Director and Head of Finance at BharatPe until early 2022.

Ashneer brought rich experience in business strategy and planning to the table, which helped shape BharatPe’s products. He also managed investments and raised funds for the fintech startup in its initial years. Backed by Ashneer’s negotiating skills, BharatPe raised substantial funding from top investors even during the pandemic.

One of Ashneer’s biggest strengths is his sharp understanding of India’s small merchants and their financial needs. This has helped the company develop appropriate financial products like lending based on merchant cash flows, small ticket size loans, etc.

Shark Tank Effect

After appearing on Shark Tank India’s inaugural season in 2021, Ashneer Grover’s fame skyrocketed. His frank, straight-talking style was popular as he questioned entrants’ business plans.

He was known as the hardest shark on the program for his “ye sab doglapan hai” one-liners and pitch deck defect detection. Despite his strict approach, Ashneer invested over Rs. 7 crore in 9 businesses this season.

Shark Tank India helped Ashneer gain prominence as an intelligent investor who finds excellent opportunities. Ashneer became a star and role model for Indian businesses, helping BharatPe gain awareness.

Controversy and BharatPe Exit

However, charges of financial misconduct involving Ashneer Grover and his wife, Madhuri Jain Grover, BharatPe’s Head of Controls, surfaced in early 2022. According to internal governance review findings, Ashneer resigned as MD & Head of Finance in March 2022 after a public fight with the BharatPe board.

Notwithstanding the scandal, Ashneer’s 9.5% interest in BharatPe, worth approximately $200 million, makes him a stakeholder and influencer. The Shark may have left daily operations, but his role in developing BharatPe will live on.

Family of Ashneer Grover

A solid personal foundation and support structure have propelled Ashneer Grover. He married important professional Madhuri Jain Grover. She holds an MBA from IIM Lucknow and an engineering degree from NIT Kurukshetra.

After working in top management positions at American Express and Kotak Mahindra Bank, she joined Ashneer as Head of Controls at BharatPe in October 2018. At the fintech, she managed finance, HR, and administration. Madhuri also left BharatPe in early 2022 due to scandals.

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Son and daughter are Ashneer and Madhuri’s young children. Due to privacy concerns, Ashneer has sometimes posted photos of his family on social media. Ashneer loves his kids, and family life helps him balance BharatPe’s aggressive expansion objectives.

Net Worth and Income Breakup

Ashneer Grover’s total net worth valuation is estimated between Rs. 850 crore and Rs. 1,200+ crore as per reports in 2023-24. As a founder shareholder of BharatPe, most of Ashneer’s wealth rides on the valuation of the fintech unicorn, which is still in high-growth mode.

In addition to BharatPe’s shareholding, Ashneer also draws an annual salary package of Rs. 6-7 crore from his board member/advisor roles at BharatPe. This includes his former monthly salary of Rs. 3 lakh as MD and Head of Finance, along with advisory pay post his resignation.

Additionally, Ashneer charges a lucrative fee for appearing in TV shows like Shark Tank India. His fee for Season 1 was reportedly around Rs. 10 lakh per episode, totaling Rs. 10 crore for 100 episodes. So between BharatPe equity, salary, and TV stints – Ashneer’s current annual earnings would be at least Rs. 15-20 crore per year, as per estimates.

Simple Life and Persona

Despite his fortune, Ashneer lives a modest, inexpensive life focused on work. He doesn’t flaunt expensive cars, watches, or pads. His only emphasis is building BharatPe and making it India’s top financial disruptor for small businesses.

This laser-sharp concentration shows in his direct style whether interrogating TV candidates or negotiating with institutional investors for BharatPe fundraises. He is a lifelong vegetarian and teetotaler who abstains from alcohol.

Ashneer Grover's Net Worth

Ashneer accepts criticism for her unvarnished manner in stride. He’s been on the entrepreneurial roller coaster before. Despite the challenges, he stays devoted to empowering small businesses with fintech like a seasoned startup.


Ashneer Grover, 40, is one of India’s youngest self-made fintech millionaires. Although he no longer runs BharatPe, Ashneer remains a significant original shareholder.

He just created a 100 crore personal fund to invest in SMEs. Given his attraction and fascination with India’s young, many anticipate Ashneer to return with his next great business boom in the coming years.

Given the shark’s lethal instincts, insatiable ambition, and intelligent risk-taking, investors and customers are excited to see what Ashneer 3.0 brings! The next phase in Shark’s climb begins.

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