TFIPOST हिन्दी
TFIPOST Global
Tfipost.com
Tfipost.com
No Result
View All Result
  • Premium
  • Politics
    • All
    • Analysis
    • Opinions
    • Trending
    Pakistani Beggar Falsely Claims Indian Identity in Madinah, Gets Called Out

    Pakistani Beggar Falsely Claims Indian Identity in Madinah, Gets Called Out

    SP Goons Attack Maulana Rashidi After His Remarks On Dimple Yadav

    SP Goons Attack Maulana Rashidi During Live TV Debate After His Remarks On Dimple Yadav

    All Eyes on PM Modi as He Prepares to Address Lok Sabha on Operation Sindoor

    All Eyes on PM Modi as He Prepares to Address Lok Sabha on Operation Sindoor

    Gaza Matters, Hindus Don't? Gandhi Family's Politics of Appeasement Continues

    Gaza Matters, Hindus Don’t? Gandhi Family’s Politics of Appeasement Continues

    • Analysis
    • Opinions
    • Trending
  • Economy
    • All
    • Business
    • Economy1
    • Finance
    India Bans 25 OTT Platforms

    India Bans 25 OTT Platforms Including ULLU, ALTT & Desiflix for Obscene Content

    Union Commerce Minister Piyush Goyal and UK Trade Secretary Jonathan Reynolds formally signed the Free Trade Agreement

    India, UK Sign Historic FTA; Modi Sends Stern Message on Terror, Corruption, and Democracy Abuse

    What Can the Hindustan Zinc Share Price Tell Us About Strategic Resource Investing in India

    What Can the Hindustan Zinc Share Price Tell Us About Strategic Resource Investing in India

    How to Choose the Best Bank to Open a Savings Account in 2025

    How to Choose the Best Bank to Open a Savings Account in 2025

    • Business
    • Finance
  • Defense
    • All
    • Defence
    • Strategy
    • Weaponry
    Guns to Chocolates—Shah Links Pahalgam Terror to Pakistan

    Guns, Pakistani Chocolates, Voter IDs: Amit Shah Nails Proof on Pahalgam Terrorists Killed In Operation Mahadev

    Pakistan Was Forced to Kneel Before India’s Might, Confirms Rajnath Singh

    Pakistan Couldn’t Handle India’s Retaliation, DGMO Pleaded for Truce: Rajnath Singh in Lok Sabha

    Pahalgam Attack Mastermind Hashim Musa Eliminated in J&K

    Ex-Pak Para Commando, Pahalgam Attack Mastermind Hashim Musa Eliminated in J&K Encounter

    J&K Encounter Under Operation Mahadev: 3 Lashkar Terrorists Killed, Pahalgam Link Confirmed

    J&K Encounter Under Operation Mahadev: 3 Lashkar Terrorists Killed, Pahalgam Link Confirmed

    • Defence
    • Strategy
    • Weaponry
  • Geopolitics
    • All
    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
    MEA Refutes ‘Inaccurate’ Claims by Grand Mufti on Nimisha Priya’s Death Sentence Being Cancelled

    Grand Mufti’s Claims on Nimisha Priya’s Death Sentence Being Cancelled Are ‘Inaccurate’: MEA

    India Rejects Western Pressure: National Interest Over Global Optics

    Should We Switch Off Our Economy? Indian Envoy’s Sharp Response to Question on Russian Oil

    China’s Failed Gamble in the Maldives: A Broader Pattern in South Asia

    China’s Failed Gamble in the Maldives: A Broader Pattern in South Asia

    Pakistan Backs Off: Islamabad Caves In on TRF After U.S. Terror Tag

    Pakistan Backs Off: Islamabad Caves In on TRF After U.S. Terror Tag

    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
  • Knowledge
    • All
    • Culture
    • Education
    • History
    • Indology
    Chola Legacy, Modi’s Message: Restoring Dharma in Tamil Political Discourse

    Rajendra Chola to PM Modi: Reclaiming Tamil Nadu’s Forgotten Hindu Civilizational Heritage

    Schools in Delhi May Soon Bear Names of Local Kargil Martyrs, Says Minister on Vijay Diwas

    Schools in Delhi May Soon Bear Names of Local Kargil Martyrs, Says Minister on Vijay Diwas

    NCERT Textbook Reveals Mughal Religious Intolerance

    Ruthless Babur, Violent Akbar, Destructive Aurangzeb: NCERT Textbook Reveals Mughal Religious Intolerance

    India Built Gardens Long Before Babur Dreamt of Charbagh

    Before the Mughals: India’s Civilisation Built Gardens Long Before Babur Dreamt of Charbaghs

    • Culture
    • History
    • Indology
  • Law
  • Lounge
    • All
    • Books
    • Cinema
    • Entertainment
    • Food
    • Games
    • Health
    • Lifestyle
    • Satire
    • Sports
    • technology
    • Travel
    A Taste of India: Discovering Five Iconic Alcoholic Beverages

    A Taste of India: Discovering Five Iconic Alcoholic Beverages

    Infuse Your Outdoors With Elegance with Gate Lights and Garden Lights

    Infuse Your Outdoors With Elegance with Gate Lights and Garden Lights

    How to Use Bilbet Mobile App for Smart Betting – Pro Tips for Indian Gamblers

    How to Use Bilbet Mobile App for Smart Betting – Pro Tips for Indian Gamblers

    Paw-lling Error: Golden Retriever named ‘Dog Babu’ Gets Voter-Ready in Bihar

    Paw-lling Error: Golden Retriever named ‘Dog Babu’ Gets Voter-Ready in Bihar

    • Books
    • Cinema
    • Food
    • Health
    • Sports
    • technology
    • Travel
    • Satire
Tfipost.com
  • Premium
  • Politics
    • All
    • Analysis
    • Opinions
    • Trending
    Pakistani Beggar Falsely Claims Indian Identity in Madinah, Gets Called Out

    Pakistani Beggar Falsely Claims Indian Identity in Madinah, Gets Called Out

    SP Goons Attack Maulana Rashidi After His Remarks On Dimple Yadav

    SP Goons Attack Maulana Rashidi During Live TV Debate After His Remarks On Dimple Yadav

    All Eyes on PM Modi as He Prepares to Address Lok Sabha on Operation Sindoor

    All Eyes on PM Modi as He Prepares to Address Lok Sabha on Operation Sindoor

    Gaza Matters, Hindus Don't? Gandhi Family's Politics of Appeasement Continues

    Gaza Matters, Hindus Don’t? Gandhi Family’s Politics of Appeasement Continues

    • Analysis
    • Opinions
    • Trending
  • Economy
    • All
    • Business
    • Economy1
    • Finance
    India Bans 25 OTT Platforms

    India Bans 25 OTT Platforms Including ULLU, ALTT & Desiflix for Obscene Content

    Union Commerce Minister Piyush Goyal and UK Trade Secretary Jonathan Reynolds formally signed the Free Trade Agreement

    India, UK Sign Historic FTA; Modi Sends Stern Message on Terror, Corruption, and Democracy Abuse

    What Can the Hindustan Zinc Share Price Tell Us About Strategic Resource Investing in India

    What Can the Hindustan Zinc Share Price Tell Us About Strategic Resource Investing in India

    How to Choose the Best Bank to Open a Savings Account in 2025

    How to Choose the Best Bank to Open a Savings Account in 2025

    • Business
    • Finance
  • Defense
    • All
    • Defence
    • Strategy
    • Weaponry
    Guns to Chocolates—Shah Links Pahalgam Terror to Pakistan

    Guns, Pakistani Chocolates, Voter IDs: Amit Shah Nails Proof on Pahalgam Terrorists Killed In Operation Mahadev

    Pakistan Was Forced to Kneel Before India’s Might, Confirms Rajnath Singh

    Pakistan Couldn’t Handle India’s Retaliation, DGMO Pleaded for Truce: Rajnath Singh in Lok Sabha

    Pahalgam Attack Mastermind Hashim Musa Eliminated in J&K

    Ex-Pak Para Commando, Pahalgam Attack Mastermind Hashim Musa Eliminated in J&K Encounter

    J&K Encounter Under Operation Mahadev: 3 Lashkar Terrorists Killed, Pahalgam Link Confirmed

    J&K Encounter Under Operation Mahadev: 3 Lashkar Terrorists Killed, Pahalgam Link Confirmed

    • Defence
    • Strategy
    • Weaponry
  • Geopolitics
    • All
    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
    MEA Refutes ‘Inaccurate’ Claims by Grand Mufti on Nimisha Priya’s Death Sentence Being Cancelled

    Grand Mufti’s Claims on Nimisha Priya’s Death Sentence Being Cancelled Are ‘Inaccurate’: MEA

    India Rejects Western Pressure: National Interest Over Global Optics

    Should We Switch Off Our Economy? Indian Envoy’s Sharp Response to Question on Russian Oil

    China’s Failed Gamble in the Maldives: A Broader Pattern in South Asia

    China’s Failed Gamble in the Maldives: A Broader Pattern in South Asia

    Pakistan Backs Off: Islamabad Caves In on TRF After U.S. Terror Tag

    Pakistan Backs Off: Islamabad Caves In on TRF After U.S. Terror Tag

    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
  • Knowledge
    • All
    • Culture
    • Education
    • History
    • Indology
    Chola Legacy, Modi’s Message: Restoring Dharma in Tamil Political Discourse

    Rajendra Chola to PM Modi: Reclaiming Tamil Nadu’s Forgotten Hindu Civilizational Heritage

    Schools in Delhi May Soon Bear Names of Local Kargil Martyrs, Says Minister on Vijay Diwas

    Schools in Delhi May Soon Bear Names of Local Kargil Martyrs, Says Minister on Vijay Diwas

    NCERT Textbook Reveals Mughal Religious Intolerance

    Ruthless Babur, Violent Akbar, Destructive Aurangzeb: NCERT Textbook Reveals Mughal Religious Intolerance

    India Built Gardens Long Before Babur Dreamt of Charbagh

    Before the Mughals: India’s Civilisation Built Gardens Long Before Babur Dreamt of Charbaghs

    • Culture
    • History
    • Indology
  • Law
  • Lounge
    • All
    • Books
    • Cinema
    • Entertainment
    • Food
    • Games
    • Health
    • Lifestyle
    • Satire
    • Sports
    • technology
    • Travel
    A Taste of India: Discovering Five Iconic Alcoholic Beverages

    A Taste of India: Discovering Five Iconic Alcoholic Beverages

    Infuse Your Outdoors With Elegance with Gate Lights and Garden Lights

    Infuse Your Outdoors With Elegance with Gate Lights and Garden Lights

    How to Use Bilbet Mobile App for Smart Betting – Pro Tips for Indian Gamblers

    How to Use Bilbet Mobile App for Smart Betting – Pro Tips for Indian Gamblers

    Paw-lling Error: Golden Retriever named ‘Dog Babu’ Gets Voter-Ready in Bihar

    Paw-lling Error: Golden Retriever named ‘Dog Babu’ Gets Voter-Ready in Bihar

    • Books
    • Cinema
    • Food
    • Health
    • Sports
    • technology
    • Travel
    • Satire
No Result
View All Result
Tfipost.com
Tfipost.com
No Result
View All Result
  • Premium
  • Politics
  • Economy
  • Defense
  • Geopolitics
  • Knowledge
  • Law
  • Lounge

So How is Ashneer Grover guilty again?

Truth doesn't care for finesse

Sanbeer Singh Ranhotra by Sanbeer Singh Ranhotra
25 January 2022
in Trending
Nykaa, Ashneer Grover, Bank, Kotak, BharatPe
Share on FacebookShare on X

Have you heard fintech company BharatPe’s founder Ashneer Grover on the show ‘Shark Tank India’? If you have, chances are, you have found him to be an abrasive, rude and unpleasant man – not to mention, an entitled one. But then, he’s among the most successful entrepreneurs of India, and it is rather evident that he has used his abrasion to his advantage all through these years. Ashneer Grover does not sugarcoat his opinion. He is rather straightforward, and really takes down budding entrepreneurs who he thinks do not have it in them to make the cut. 

In a major scandal, Ashneer Grover was heard abusing a Kotak Mahindra Bank employee. The leaked call recording startled everyone. It was the classic “Mercedes vs cycle” rhetoric at work here. If someone is rich, he must be guilty of everything he’s accused of. Isn’t that the stereotype around the world? But is this the case here? Is Ashneer Grover really at fault? Should he be judged for what to us, appears to be an expected outburst?

RelatedPosts

Rare Watch: Union Minister Piyush Goyal’s ‘Dukandari’ jibe hits Indian Startup ecosystem, stirs fresh debate

Why is Zomato’s post on X getting trolled?

Zomato’s Caravan Towards India’s Taste, “Pure Veg” is it?

Load More

Ashneer Grover Trusted Kotak to Finance his Nykaa IPO Shares Purchase; Got Dumped

The Nykaa IPO gave investors as much as a 79% premium on their share purchases. Guess how much Ashneer Grover wanted to put into this IPO? Whopping 500 crore rupees! However, Kotak failed to purchase Nykaa shares on Grover’s behalf. 

Essentially, Ashneer Grover was deprived of a 79% premium on what was supposed to be a 500 crore rupees investment by him. 

Do the math. If you were putting in so much money into an IPO and were ready to relish in the 79% premiums that followed, and yet, your financier failed to put the money in at the right time, what would your reaction be like? Would you talk politely with the person responsible to make sure that the Nykaa shares worth 500 crores were purchased on time? Of course not. You would be mad as hell.

And that’s what Ashneer Grover was. He got mad, and in a moment of fury, ended up abusing the Kotak employee. Ashneer Grover and his wife even sent a notice to Kotak for not informing them well in advance that the bank would be unable to make the funds available on time. 

According to the legal notice, while Kotak had informed Grover and his wife that the subscription formalities for the Nykaa IPO were done, they were soon informed that the bank would not be able to provide the IPO financing due to ‘erratic FII movements’ and ‘very high lending rates.

Read more: Shark Tank is now in India – A welcome add-on to India’s growing startup ecosystem

The legal notice really sheds light on what transpired between Grover and Kotak, and how the bank ended up depriving the entrepreneur of some serious financial gains. It said, “Kotak’s refusal to provide IPO financing to our clients at the eleventh hour has completely crippled our clients’ ability to participate in the Nykaa IPO and deprived them of a business/investment opportunity about which they had informed Kotak more than a month in advance of the launch of the IPO. Had Kotak informed our clients at the very beginning that it would be unable to provide IPO financing for the Nykaa IPO, our clients would have approached other financiers who were ready and willing to provide IPO financing to our clients for this IPO.” 

Kotak, it seems, has not issued a point-by-point rebuttal to Ashneer Grover’s accusations, which makes us believe that the BharatPe founder’s version is the only one that there is. Previously, Grover had used Kotak’s services to invest more than Rs 100 crore each in the IPOs of Zomato and CarTrade through IPO financing.

Is it justified to crucify a man based on a moment of absolute fury that he encountered, upon knowing that he was no longer going to make a profit of hundreds of crores of rupees because the financing agency failed to fulfil its obligations, without even informing Ashneer about the same well in advance? 

Following the fiasco, Ashneer Grover has taken voluntary leave till March-end. In a statement, BharatPe said, “For now, the board has accepted Ashneer’s decision which we agree is in the best interests of the ‘company, our employees and investors, and the millions of merchants we support each day.”

The company which Ashneer Grover founded and built from scratch also does not appear to stand by him. The view being taken by all of the entire situations is highly myopic and stereotypical. The Grover-Kotak fiasco needs to be seen in context, and unfortunately, nobody is willing to do so. 

Tags: Ashneer GroverBharatPeIPOKotak BankNykaaShark Tank IndiaZomato
ShareTweetSend
Previous Post

Niti Ayog proposes building EV infrastructure on RBI priority sector landings

Next Post

Future group refuses to bend in front of Amazon

Related Posts

Pakistani Beggar Falsely Claims Indian Identity in Madinah, Gets Called Out
Trending

Pakistani Beggar Falsely Claims Indian Identity in Madinah, Gets Called Out

29 July 2025

In a troubling incident that has sparked widespread outrage on social media, a group of Pakistani nationals were seen...

All Eyes on PM Modi as He Prepares to Address Lok Sabha on Operation Sindoor
Trending

All Eyes on PM Modi as He Prepares to Address Lok Sabha on Operation Sindoor

29 July 2025

As Parliament enters a crucial phase of debate, anticipation is running high across the nation. Prime Minister Narendra Modi...

Amit Shah Slams Opposition: 'Do You Talk to Pakistan When Terrorists Strike?
Trending

“Don’t be upset by the religion of the terrorists” : Amit Shah Tears Into Opposition During Operation Sindoor Debate

29 July 2025

Union Home Minister Amit Shah delivered a powerful address in the Lok Sabha on Tuesday, revealing critical details surrounding...

Load More

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms of use and Privacy Policy.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Currently Playing

Inside the ₹30,000 Cr Tug of War Between Karisma Kapoor and Sunjay’s Family

Inside the ₹30,000 Cr Tug of War Between Karisma Kapoor and Sunjay’s Family

00:04:08

Should the HR&CE Exist? The Controversial Control Over Hindu Temples in Tamil Nadu

00:06:31

Will India Buy F-35s from US or Build Su-57s with Russia? IAF’s Big Push Explained

00:08:32

PM Modi’s Blueprint for Tamil Nadu Begins at Rajendra Chola’s Capital Gangaikonda Cholapuram

00:07:57

One Woman. Two Brothers. Jodidaran- A Living Example of Polyandry in Himachal's Hatti Tribe.

00:05:32
Facebook Twitter Instagram Youtube
tfipostTfipost.com
Right Wing | News Analysis | Indian Opinion
  • About us
  • Careers
  • Brand Partnerships
  • Terms of use
  • Privacy Policy
  • Sitemap
MASHABLE IS A GLOBAL, MULTI-PLATFORM MEDIA AND ENTERTAINMENT COMPANY. FOR MORE QUERIES AND NEWS, CONTACT US AT info@mashablepartners.com


©2025 TFI Media Private Limited

No Result
View All Result
  • Premium
  • Politics
    • Analysis
    • Opinions
    • Trending
  • Economy
    • Business
    • Finance
  • Defense
    • Defence
    • Strategy
    • Weaponry
  • Geopolitics
    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
  • Knowledge
    • Culture
    • History
    • Indology
  • Law
  • Lounge
    • Books
    • Cinema
    • Food
    • Health
    • Sports
    • technology
    • Travel
    • Satire
TFIPOST हिन्दी
TFIPOST Global

©2025 TFI Media Private Limited