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Ashneer Grover Launches Lending Tech Platform ZeroPe

Inc42 · 1y ago

Ashneer Grover Launches Lending Tech Platform ZeroPe

Ashneer Grover, former MD of BharatPe, has launched another venture called ZeroPe, a lending tech startup that will offer medical loans up to INR 5 lakh to end customers, in partnership with Delhi-based NBFC Mukut Finvest. This comes amid legal battles between Grover and BharatPe, with allegations of financial irregularities. The Indian digital consumer lending market is projected to exceed $720 billion by 2030, presenting a substantial market opportunity. ZeroPe will compete with established players like HDFC Bank and Bajaj Finserve, as well as other startups in the healthcare financing ecosystem.

Related News

BharatPe co-founder Ashneer Grover set to re-enter fintech with ZeroPe app

Money Control

Money Control · 1y ago

BharatPe co-founder Ashneer Grover set to re-enter fintech with ZeroPe app

Ashneer Grover, co-founder and former managing director of BharatPe, is re-entering the fintech industry with a new app, ZeroPe. Developed by his company Third Unicorn, ZeroPe is currently in testing and aims to provide instant pre-approved medical loans up to Rs 5 lakh. These loans are offered in partnership with Delhi-based NBFC Mukut Finvest and are available at partnered hospitals.

Need medical loan? Ashneer Grover's ‘ZeroPe’ app making waves in fintech again!

Livemint

Livemint · 1y ago

Need medical loan? Ashneer Grover's ‘ZeroPe’ app making waves in fintech again!

BharatPe co-founder Ashneer Grover is launching a new fintech app called 'ZeroPe', aimed at providing hassle-free medical loans. The app is currently in testing mode and will offer instant pre-approved medical loans of up to ₹5 lakh. To avail the service, customers can complete the KYC process and choose a partner hospital where the loan is applicable. The app will also help users monitor their EMIs and payments. India's digital healthcare market is projected to generate $37 billion by 2030, according to a joint report by B Capital and Boston Consulting Group.

Ashneer Grover tweets in Haryanvi after ex-COO Dhruv Bahl exits BharatPe

Twitter · 2y ago

Ashneer Grover tweets in Haryanvi after ex-COO Dhruv Bahl exits BharatPe

After the departure of BharatPe's former COO Dhruv Dhanraj Bahl, who was recently appointed as the chief business officer for the merchant lending division, the startup's former MD Ashneer Grover posted a tweet in Haryanvi. In the tweet, Ashneer commented, "Tau, you simply can't get the job done." BharatPe has witnessed a series of significant departures in recent times, including the exit of CTO Vijay Aggarwal.

Ashneer Grover shuts down fantasy cricket app CrickPe

Inshorts · 6m ago

Ashneer Grover shuts down fantasy cricket app CrickPe

Ashneer Grover-led fantasy cricket platform CrickPe has halted operations within a couple of years of its launch. The fantasy platform, which was the first product of Grover startup Third Unicorn, was launched ahead of the start of the Indian Premier League (IPL) in 2023. However, it has stopped rolling out new contests.

RIP India's real money gaming industry: Ashneer on 28% GST on online gaming

Twitter · 2y ago

RIP India's real money gaming industry: Ashneer on 28% GST on online gaming

Ashneer Grover, the creator of the CrickPe fantasy sports app, expressed his dismay on Twitter regarding the newly imposed 28% GST on online gaming. He described the fantasy gaming industry as "murdered" by this development. Grover further explained that if players were required to contribute ₹100 with a ₹72 entry fee (inclusive of 28% GST) and won ₹54 (after deducting platform fees), they would still have to pay 30% TDS on their winnings, making the situation unfavorable.

Ashneer Grover seeks reinstatement as BharatPe's MD, approaches NCLT

Money Control

Money Control · 1y ago

Ashneer Grover seeks reinstatement as BharatPe's MD, approaches NCLT

Ashneer Grover has approached National Company Law Tribunal (NCLT) seeking his reinstatement as the Managing Director of BharatPe. Grover has claimed that he was ousted from BharatPe in an "arbitrary manner in excess exercise of powers in order clawback his restrictive shares illegally". BharatPe had removed Grover from all positions in the company last year for alleged misappropriation of funds.

Ashneer Grover hits out at former SBI Chairman Rajnish Kumar

Livemint

Livemint · 1y ago

Ashneer Grover hits out at former SBI Chairman Rajnish Kumar

Former BharatPe co-founder and managing director, Ashneer Grover, criticized former SBI Chairman, Rajnish Kumar, accusing him of delivering nothing and hiding behind deflection. Grover referred to the alleged failure of Kumar at SBI, resulting in $8 billion value destruction, and claimed he led BharatPe to a $3 billion write-off. The public dispute between Grover and CapitalMind CEO Deepak Shenoy followed reports of an investigation into Grover for alleged fund diversion.

Delhi HC Directs Ashneer Grover To Take Down Tweets Against BharatPe, Former SBI Chairman

Inc42 · 1y ago

Delhi HC Directs Ashneer Grover To Take Down Tweets Against BharatPe, Former SBI Chairman

BharatPe co-founder Ashneer Grover has been directed by the Delhi High Court to remove his tweet against the company and former State Bank of India chairman Rajnish Kumar within 48 hours. Grover had made posts on social media platform X against BharatPe and alluding to Kumar, calling them "petty people." The court observed that Grover's tweet was an innuendo and remarked that he cannot damage the company's reputation. This development comes after Grover reportedly wrote a letter to the Reserve Bank of India urging for a probe into Kumar's alleged equity shares worth hundreds of crores.

BharatPe Settles With Ashneer Grover, Says Ex-Cofounder Won’t Be Associated With The Firm In Any Capacity

Inc42 · 11m ago

BharatPe Settles With Ashneer Grover, Says Ex-Cofounder Won’t Be Associated With The Firm In Any Capacity

BharatPe has resolved its legal dispute with Ashneer Grover, resulting in him severing ties with the company and relinquishing his shares. The parties involved have mutually agreed to drop the filed lawsuits. Grover officially resigned from his role as managing director and cofounder of BharatPe on February 28, 2022.

'I invested ₹2.95 crore in 11 deals in Shark Tank', says Ashneer; shares list

Twitter · 2y ago

'I invested ₹2.95 crore in 11 deals in Shark Tank', says Ashneer; shares list

Ashneer Grover, the founder of BharatPe, revealed on Twitter that he invested ₹2.95 crores in 11 deals during Shark Tank Season 1. He praised Namita Thapar, the highest deployer in terms of absolute and percentage closure, calling her a great paymaster. Grover also shared a list of his investments with dates.

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