ASHNEER GROVER’S THIRD UNICORN RAISES $4M IN SEED FUNDING
Ashneer Grover, former CEO of BharatPe, has raised approximately $4 million in seed funding for his new venture, Third Unicorn Pvt Ltd. The funding round was led by ZNL Growth Fund and saw participation from over two dozen angel investors, including Anmol Singh Jaggi, Anirudh Kedia, Vishal Kedia, among others.
Third Unicorn is launching a cricket fantasy gaming platform called ‘Crickpe’, powered by Third Unicorn. Although the website is still in development, it promises to disrupt the market with its unique approach.
Grover, the founder of Third Unicorn, announced on LinkedIn that his company has been quietly building a business that is shaking the market. He emphasized that they have been bootstrapped and are doing things differently from others. Grover further shared a slideshow on LinkedIn, giving a sneak peek of his new venture, and how his new company will start with just 50 members. He also promised to give Mercedes to employees who complete five years in Third Unicorn.
The company is looking solely towards India-based investors and has asked venture capitalists to stay away, stating that they only use desi/self-earned capital. Grover’s vision is to build another unicorn, and he plans to disrupt yet another sector with his new venture.
Grover has a successful track record of being closely connected with the investment world right after his post-graduation. He is an alumnus of IIT Delhi and IIM Ahmedabad and worked at Kotak Mahindra’s investment banking division for seven years. Grover then moved to American Express in 2013, where he led startup investments for the card network in India.
After leaving American Express, Grover joined Grofers, an online grocery startup founded by his IIT-Delhi classmate Albinder Dhindsa as CFO. However, he left the startup in 2017 after being disappointed over not getting the ESOPs that were promised to him. Grover then joined PC Jeweller Ltd and worked there for almost a year before joining BharatPe in June 2018.
In January last year, Grover was sent on a leave of absence after an audio clip surfaced online where he was heard being aggressive with a Kotak Mahindra Bank employee. Soon after, Grover and his wife were accused of financial irregularities that eventually led to their removal from BharatPe in March 2022.
In conclusion, Ashneer Grover’s new venture, Third Unicorn Pvt Ltd, has raised $4 million in seed funding and promises to disrupt the market with its unique approach. Grover has a successful track record and aims to build yet another unicorn.
FAQs
Who is Ashneer Grover?
Ashneer Grover is a former CEO of BharatPe, an Indian fintech company. He is also the founder of Third Unicorn Pvt Ltd, a new venture that recently raised $4 million in seed funding.
What is Third Unicorn Pvt Ltd?
Third Unicorn Pvt Ltd is a new venture founded by Ashneer Grover, which is launching a cricket fantasy gaming platform called “Crickpe“. It recently raised $4 million in seed funding.
What is Crickpe?
Crickpe is a cricket fantasy gaming platform that is being launched by Third Unicorn Pvt Ltd, a new venture founded by Ashneer Grover.
Who are the investors in Third Unicorn’s seed funding round?
The seed funding round for Third Unicorn was led by ZNL Growth Fund, and saw participation from over two dozen angel investors, including Anmol Singh Jaggi, Anirudh Kedia, Vishal Kedia, among others.
What is the amount raised in Third Unicorn’s seed funding round?
Third Unicorn raised about $4 million in seed funding for its cricket fantasy gaming platform Crickpe.
What is the connection between Ashneer Grover and BharatPe?
Ashneer Grover is a former CEO of BharatPe, an Indian fintech company. He left the company in January 2022.
What is the connection between Ashneer Grover and Grofers?
Ashneer Grover was associated with Grofers, an online grocery startup founded by his IIT-Delhi classmate Albinder Dhindsa, as its CFO.
What is the background of Ashneer Grover in the investment world?
Ashneer Grover has a background in the investment world. He worked at Kotak Mahindra’s investment banking division for seven years before moving to American Express in 2013, where he led startup investments for the card network in India.
What did Ashneer Grover promise to employees of Third Unicorn who complete five years in the company?
Ashneer Grover promised to give Mercedes to employees who complete five years in Third Unicorn.
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