Who Is Ashneer Grover – Everything You Need To Know About The CEO Of BharatPe

Last Updated on February 20, 2023 by Andrew

In a world where digital payments are becoming increasingly prevalent, one man is leading the charge to make them accessible and easy for small businesses in India. 

Ashneer Grover, the CEO of BharatPe and a pioneer in the Indian fintech space, is someone that has made a lot of name in India thanks to what he has made. Not only that but thanks to his innovative approach, Ashneer is transforming the way merchants transact, making it possible for them to accept payments through multiple channels such as UPI, QR codes, and credit/debit cards. He’s not only redefining the fintech landscape in India but also inspiring a new generation of entrepreneurs to take bold risks and reimagine what’s possible. 

While that’s just a short overview about him, there’s a lot more that you can know about Ashneer, and in this article, we’ll explore the story of Ashneer Grover, from his humble beginnings to his meteoric rise as one of India’s most successful fintech leaders.

Here are all the things that you need to know about Ashneer Grover: 

Who Is Ashneer Grover? 

Ashneer Grover is a well-known name in the Indian fintech industry. He is the CEO and co-founder of BharatPe, a leading fintech company that aims to simplify digital payments for small merchants in India. Grover is known for his innovative approach and vision, which has helped BharatPe become one of the fastest-growing fintech companies in India.

Grover was born on January 1, 1982, in Chandigarh, a city in northern India. He did his schooling at St. John’s High School in Chandigarh, and later earned a Bachelor’s degree in Engineering from Punjab Engineering College in 2003. He then went on to pursue an MBA from the Indian School of Business in Hyderabad, graduating in 2007.

After completing his MBA, Grover began his career in the banking sector. He worked at Citibank for a few years before moving to ICICI Bank, one of India’s largest private sector banks. At ICICI Bank, Grover was part of the team that set up the bank’s retail lending business, which played a key role in the bank’s growth. Later, he joined Yes Bank as the head of retail banking and business banking.

In 2018, Grover co-founded BharatPe with Shashvat Nakrani, a fellow ISB alumnus. The company was founded with the aim of simplifying digital payments for small merchants in India, who often find it difficult to accept digital payments due to the complexity of the process. BharatPe’s unique business model allows merchants to accept payments through multiple channels, including UPI, QR codes, and credit/debit cards, without the need for a separate POS machine.

Under Grover’s leadership, BharatPe has grown rapidly, with over 70 million monthly transactions and a presence in over 100 cities across India. At that time, the company has raised over $270 million in funding from investors such as Coatue Management, Ribbit Capital, and Insight Partners, among others. 

Grover has been instrumental in driving the company’s growth and expanding its reach across the country. In addition to his professional achievements, Grover is known for his philanthropic work. He has set up the Ashneer Grover Foundation, which works towards improving education and rural development in India. Through the foundation, Grover has supported initiatives such as providing scholarships to underprivileged children, building toilets in rural areas, and setting up computer labs in government schools.

Grover is also known for his down-to-earth personality and people-oriented leadership style. He has been described by his colleagues as a team player who values collaboration and encourages his team to take ownership of their work. In his free time, Grover enjoys running and cycling and has participated in marathons and cycling events.

Why Is he famous?

Ashneer Grover is famous for being the CEO and co-founder of BharatPe, a leading fintech company in India. He has transformed the digital payment landscape in India by simplifying the process for small merchants. He has won several awards for his contributions to the fintech industry and is also known for his philanthropic work through the Ashneer Grover Foundation.

Who Is Ashneer Grover?

Ashneer Grover is the CEO and co-founder of BharatPe, a leading fintech company in India.

When Was Ashneer Grover Born?

Ashneer Grover was born on May 28, 1983.

What Is BharatPe?

BharatPe is a fintech company that has disrupted the way small merchants in India accept digital payments.

How Has Ashneer Grover Simplified Digital Payments For Small Merchants?

Through BharatPe, Ashneer Grover has made it possible for merchants to accept payments through multiple channels, such as UPI, QR codes, and credit/debit cards, without the need for a separate POS machine.

What Awards Has Ashneer Grover Won For His Contributions To The Fintech Industry?

Ashneer Grover has won several awards, including the Economic Times “40 Under 40” award in 2019 and the Entrepreneur of the Year award at the 2021 edition of the Economic Times Awards for Corporate Excellence.

What Is The Ashneer Grover Foundation?

The Ashneer Grover Foundation is a philanthropic organization that supports causes such as education and rural development in India.

How Has BharatPe Grown Under Ashneer Grover’s Leadership?

Under Ashneer Grover’s leadership, BharatPe has grown rapidly, with a presence in over 100 cities across India and over 70 million monthly transactions.

What Is Ashneer Grover’s Educational Background?

Ashneer Grover holds an MBA from Stanford Graduate School of Business and a B.Tech. in Chemical Engineering from the Indian Institute of Technology (IIT) Delhi.

How Has Ashneer Grover Been Recognized For his contributions to the fintech industry?

Ashneer Grover has been featured in various publications and media outlets, including the Economic Times, Mint, and CNBC, among others.

What I Ashneer Grover’s Vision For The Future Of Fintech In India?

Ashneer Grover’s vision for the future of fintech in India is to continue to simplify financial services for small businesses and to make them accessible to everyone, regardless of their background or location.

Why Is He Rich? 

He has undoubtedly accumulated significant wealth as the CEO and co-founder of BharatPe, a rapidly growing fintech company in India. The success of BharatPe has led to increased revenue and valuation for the company, which has attracted substantial investment from top investors. It’s important to note that Grover’s wealth is primarily tied to the success of the company he founded and not his personal fortune.

What Is His Net Worth? 

According to some sources, he has an estimated net worth of around 105 million USD. It’s important to note that Grover’s wealth is primarily tied to his ownership stake in BharatPe, the fintech company he co-founded and leads as CEO. The company has seen significant growth and raised substantial funding from investors, contributing to Grover’s overall net worth.

15 Facts About Ashneer Grover

Here are some of the most important things that you need to know about Ashneer Grover: 

• Ashneer Grover was born on May 28, 1983, in Delhi, India.
• He graduated from the Indian Institute of Technology (IIT) Delhi with a degree in Chemical Engineering.
• After working for several years in the consulting industry, he went on to pursue an MBA from the Stanford Graduate School of Business.
• He worked at companies like Bain & Company and Kotak Mahindra Bank before founding BharatPe.
• He co-founded BharatPe in 2018 with his business partner, Shashvat Nakrani.
• BharatPe was initially started as a QR code-based payment solution for small merchants in India.
• Under Grover’s leadership, BharatPe has grown rapidly, with a presence in over 100 cities across India and over 70 million monthly transactions.
• He has won several awards, including the Economic Times “40 Under 40” award in 2019 and the Entrepreneur of the Year award at the 2021 edition of the Economic Times Awards for Corporate Excellence.
• Grover is also known for his philanthropic work through the Ashneer Grover Foundation, which supports causes such as education and rural development in India.
• He is a fitness enthusiast and regularly participates in marathons and other sporting events.
• He is married and has two children.
• He is an avid reader and enjoys books on a variety of topics, including history, economics, and biographies.
• He is passionate about using technology to solve problems and make a positive impact on society.
• He has been featured in various publications and media outlets, including the Economic Times, Mint, and CNBC, among others.
• Grover is known for his entrepreneurial spirit and his ability to take calculated risks, which has contributed to his success in the fintech industry.

What’s BharatPe? 

BharatPe is a fast-growing fintech company based in India. It was founded in 2018 by Ashneer Grover and Shashvat Nakrani, with the aim of simplifying digital payments for small merchants in India. The company initially started as a QR code-based payment solution, but has since expanded its offerings to include a range of financial services such as lending, insurance, and investments. BharatPe aims to empower small and medium-sized businesses by providing them with easy and convenient access to financial services that were previously only available to larger corporations. The company has grown rapidly and currently serves millions of merchants across India, with a presence in over 100 cities.

Summary 

In short, Ashneer Grover is an Indian entrepreneur and co-founder of BharatPe, a rapidly growing fintech company in India. He graduated from the Indian Institute of Technology (IIT) Delhi and Stanford Graduate School of Business. He worked at companies like Bain & Company and Kotak Mahindra Bank before founding BharatPe in 2018. Under his leadership, BharatPe has grown rapidly and has a presence in over 100 cities across India. He has won several awards and is known for his philanthropic work through the Ashneer Grover Foundation. He is a fitness enthusiast, an avid reader, and passionate about using technology to make a positive impact on society.