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Ashneer Grover to raise $200 million for new startup

Former BharatPe chief executive and co-founder Ashneer Grover is in talks with US-based family offices and offshore private equity players to raise $200-300 million for the start-up of a new business.

Grover owns 8.5% of BharatPe, which is worth approximately $3 billion. "There are interested parties in his BharatPe stake." The transaction price is subject to negotiation "as stated by the source Grover is currently in the United States. While it is unknown in which sector Grover will put his entrepreneurial skills to the test next, Grover announced on Twitter on Tuesday, while celebrating his 40th birthday, that he is ready to re-enter the business world with plans to build another "unicorn."

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