Ashneer Grover incorporates Third Unicorn Pvt. Ltd.

Ashneer Grover has reportedly incorporated a new company named Third Unicorn Private Limited, along with his wife Madhuri Jain Grover. As per the data on Tofler, the company was incorporated on July 6, with both Grover and his wife as directors.

The company has an authorised share capital of Rs 20 lakh and a total paid-up capital of Rs 10 lakh. Grover had previously said that he would prefer to build a bootstrapped company like Zeta and Zerodha, rather than depending on investors.

Grover was previously MD and co-founder at BharatPe, a fintech company he helped build from the ground, until his harsh exit following allegations of financial irregularities. BharatPe had joined the unicorn club in August last year.

Grover had tendered his resignation from the company in March saying that he had been ‘vilified’ and treated in the ‘most disrespectful manner’ since the beginning of the year. BharatPe board said that the final findings of the internal governance review have found Grover and his family members guilty of fraud.

Before BharatPe, Ashneer Grover was associated with Grofers, another unicorn. He was the Chief Financial Officer at Grofers (now Blinkit) until August 2017. Hence, the reference to building a “third unicorn.” It is said that he is in talks with investors to raise funding for the company.