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Judge of Shark Tank India and co-founder of BharatPe, Ashneer Grover is a household name in the business world. One of the show’s most popular sharks, Ashneer had co-founded BharatPe in 2018 and had also invested in numerous start-ups. He has always drawn attention to his controversies.

The business tycoon is making headlines as he had recently resigned from his post after a clash with BharatPe’s board. According to multiple reports, Ashneer and his wife, Madhuri Jain, were stripped of all positions after an external audit revealed their financial misdeeds. It is stated that the duo had led lavish lives and often used company funds for the same. Ashneer and Madhuri are under investigation for mismanagement of company funds.

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Ashner Madhuri

According to a Bloomberg report, Ashneer and his wife Madhuri’s lifestyle went under the radar after the couple upgraded their home to a rented penthouse. The report further states that Ashneer told company employees that he spent $130,000 on a dining table, which when converted to Indian rupees comes to 1 crore rupees.

ashneer

Apart from this, he had recently bought a Porche and also owns several luxury cars like Mercedes Maybach S650 worth Rs. 2.5 crores, Porsche Cayman, Mercedes Benz GLS350 and Audi A6. A few days ago, BharatPe issued a statement, which could read as follows:

“The Board of Directors will not allow the deplorable conduct of the Grover family to tarnish the reputation of BharatPe or that of its hard-working employees and world-class technology. As a result of his misdeeds, Mr. Grover will not is no longer an employee, founder, or director of the company.”

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Ashneer Grover

A few days ago, Ashneer shared a photo to hit out at a statement that talked about his lavish lifestyle. The BharatPe co-founder shared the post to respond to his own company’s board statement. He had taken to his LinkedIn profile and shared a photo of a mattress put on the floor by his friend to show off his bed for the night. Sharing the photo, he had written a long note with it which could be read as follows:

“I am appalled by the personal nature of the BharatPe board’s statement, but not surprised. It comes from a position of personal hatred and low thinking. I think the board needs to be reminded 1 million dollars of secondary shares that investors bought from me in series C, $2.5 million in series D and $8.5 million in series E. I would also like to know who among Amarchand, PWC and A and M started auditing the ‘lavishness’ of his lifestyle.”

ashneer

He had further mentioned in the caption that the only lavish thing about him was his dreams and his ability to achieve them with all his hard work and determination. He had written :

“The only thing that lavishes me are my dreams and my ability to achieve them through thick and thin through hard work and an entrepreneurial spirit. I hope the board can get back to work soon – as a shareholder, I am concerned about the destruction of value. I wish the company and the board of directors a speedy recovery. Please return to your daily duties.

ashneer

What do you think of Ashneer’s lavish lifestyle? Let us know.