Ex-BharatPe MD Ashneer Grover to raise $200-300 million for new venture

Former BharatPe chief executive Ashneer Grover is planning to raise $200-300 million for starting a new business, a media report said on Thursday.

According to a Livemint report, Grover, who is currently in the US, may sell his BharatPe stake or raise fresh capital by issuing a stake in the new company.

The former investment banker owns 8.5 per cent of BharatPe, valued at around $3 billion.

“There are buyers for his BharatPe stake. The transaction price is something one has to negotiate,” the Livemint report said, quoting a person in the know.