In a tweet on June 14, Ashneer Grover had already suggested his new business. Grover had left BharatPe earlier this year, citing disrespectful behaviour.
Grover’s family members, including his wife, Madhuri Jain, were allegedly implicated in financial irregularities at BharatPe, according to consulting company Alvarez & Marsal.
According to documents filed with the Ministry of Corporate Affairs, Ashneer Grover and his wife, Madhuri Jain, have founded a new company called Third Unicorn, months after their contentious separation from BharatPe (MCA).
The firm was founded on July 6, 2022, by the former managing director and cofounder of BharatPe and his wife. As of this writing, there are no other directors to save the pair.
The company’s permitted capital is listed as Rs 20 lakh, whereas the paid-up capital is Rs 10 lakh. Even though we don’t know what industry his company will serve yet, the Memorandum of Association (MoA) filed under MCA shows that it will be a business that uses technology.
https://twitter.com/Ashneer_Grover/status/1536509373526200324?s=20&t=xgASYCe5YxW27NjQNaffKA
In a tweet on June 14, Ashneer Grover, who turned 40, gave a hint about his new business in a tweet that said, “Today I turn 40. Some may claim that I have experienced a full life and more than most people. built value for future generations.
I still have unfinished business with it. It’s time to reshape another industry. Time for the third unicorn, please!
Following accusations of theft of corporate cash, which ultimately caused both of them to leave the company, Grover has been in discussions to launch his own business.
Grover left the finance business in March of this year, citing vilification and contempt. Both Grover and Jain have insisted that their dismissal from BharatPe was unjust and have placed the blame for it on CEO Suhail Sameer and chairman Rajnish Kumar.
I am BharatPe’s single-largest shareholder. I left the firm and the employees because I felt that it would have been improper for me to “remain away.”
After submitting his resignation on March 1, Grover had claimed in an exclusive interview with ETtech that “my stake has a value.”
Grover attempted to block a “governance review” that was looking into claims of financial irregularities at the fintech business by filing an emergency petition with the Singapore International Arbitration Centre (SIAC), but the international arbitrator denied it.
Grover’s family members, including his wife, the previous head of controls at BharatPe, were reportedly implicated in financial irregularities at the business, according to a first probe by consulting firm Alvarez & Marsal.
