Shark Tank India: Ashneer Grover Demands ₹4000 Crore To leave BharatPe: 'Put Money On Table And Take Away The Keys'
Ashneer Grover has denied all the accusations levied against him and has said that he will leave his company BharatPe, if investors give him ₹4,000 crores.
Shark Tank India’s Ashneer Grover landed in troubled waters after a massive controversy broke out in January. The co-founder and managing director of BharatPe’s audiotape allegedly threatened and hurled abuses at Kotak Mahindra Bank employees.
The 39-year-old has apparently denied all the accusations levied against him and has said that he will leave his company BharatPe if investors give him ₹4,000 crores.
The audiotape in question was released last month and Ashneer called it “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 against an employee.
In a new interview with Money Control, Ashneer has said that he will leave the company only if an investor buys out his 9.5% stake, at a valuation of $6 billion.
Ashneer said, “What have I done to resign? This is like execution before trial. I am the MD (managing director). I run the company. If the board thinks I don’t need to be the MD and someone else should run the company, please put my ₹4,000 crore on the table and take the key away from me. If you want to buy me out you want to buy me out at the fair market value, right? In my view, the fair market value is $6 billion. Either I’ll run the company or they buy me out, there is no third option."
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 reports about the alleged audio came to light, Ashneer took voluntary leave till March-end. Last week, Ashneer's wife Madhuri Grover also reportedly went on a leave of absence.
Image Source: Instagram/ashneer.grover
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