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<keyword id="20115473" type="General" weightage="20" keywordseo="Ashneer-Grover" source="keywords">Ashneer Grover</keyword>, known for his blunt persona on the Indian edition of Shark Tank, has once again found himself embroiled in a controversy, this time involving a popular comedy roast. The co-founder and former managing director of <keyword id="19956322" type="General" weightage="20" keywordseo="BharatPe" source="keywords" meta.keywordsubtype="org" meta.entityname="BharatPe" meta.hostid="261" meta.entityid="BharatPe">BharatPe</keyword>, Grover is no stranger to the limelight, but his latest escapade has stirred considerable buzz of the negative kind on social media. Grover recently featured on "<keyword id="21736600" type="General" weightage="20" keywordseo="Pretty-Good-Roast" source="keywords">Pretty Good Roast</keyword>," a show hosted by comedian <keyword id="21736601" type="General" weightage="20" keywordseo="Aashish-Solanki" source="keywords">Aashish Solanki</keyword>. During the episode, Solanki made light of Grover's tumultuous exit from BharatPe — a topic that has been a hot-button issue ever since Grover and his wife were ousted from the fintech startup in 2022 amid allegations of financial impropriety. The roast, which included jabs at Grover’s departure from his own company, quickly became a viral sensation. However, the humour did not sit well with Grover. He reportedly demanded the removal of the segments featuring these jokes and subsequently sent Solanki a <keyword id="20476156" type="General" weightage="20" keywordseo="legal-notice" source="keywords">legal notice</keyword> to take down the entire episode. Solanki complied, announcing on Instagram: "Friends, I have removed the Ep 5 of Pretty Good Roast. I don't have money to fight the legal battle. I had spent all of it on the show," he stated, highlighting the financial strain legal actions can impose on independent creators. Solanki also expressed his disappointment, noting, "The response on previous episodes led us to believe our audience were ready for roast humour. However, it seems that some, especially those in power, are not quite there yet." This incident has triggered a wave of backlash against Grover, with many accusing him of "<keyword id="20415529" type="General" weightage="20" keywordseo="doglapan" source="keywords">doglapan</keyword>" (duplicity). The term gained popularity during Grover’s stint on <keyword id="19913228" type="General" weightage="20" keywordseo="shark-tank-india" source="keywords">Shark Tank India</keyword> and even became the title of his book, "Doglapan: The Hard Truth about Life and Start-Ups." Social media users were quick to point out the irony of Grover, who once prided himself on his no-holds-barred attitude, now seeking to censor comedic content. <div type="twitter" handle="samratsingh23" handlename="samratsingh23" favoritecount="0" retweetcount="0" id="1792498229701161312"></div> <div type="twitter" handle="memes_hallabol" handlename="memes_hallabol" favoritecount="0" retweetcount="0" id="1792750542655295852"></div> The controversy draws attention to Grover's complex public persona. After his high-profile exit from BharatPe, Grover pivoted to content creation, leveraging his fame to build a substantial following on platforms like Instagram, YouTube, and various podcasts. He has even claimed that he has made more money through content creation than during his tenure at BharatPe. Despite his success as a content creator, Grover’s latest actions have sparked a debate about the boundaries of humour and criticism, especially concerning public figures. The legal threat against Solanki underscores the precarious balance comedians must navigate when their satire targets influential individuals. As the dust settles, one thing is clear: Ashneer Grover remains a polarising figure. His journey from a controversial entrepreneur to a content creator and now to a central figure in a comedy roast controversy reflects the multifaceted and often contentious nature of public life.

Roasted shark? Ashneer Grover faces backlash over legal tussle with comedian Aashish Solanki

<ul><li>Low ticket size and low margin can never be solved through forced low delivery cost, said <keyword id="2988161" type="General" weightage="20" keywordseo="ashneer-grover" source="Orion">Ashneer Grover</keyword> on 10-minute grocery delivery. </li><li>Hari Menon, the CEO of BigBasket said that consumers never wanted quick delivery, and that it was thrust on them. </li><li>Legacy e-commerce companies who have not generated significant net profit have no authority to make remarks on quick commerce, said Aadit Palicha, the co-founder of Zepto. </li></ul>A war of words has been raging between the heads of quick commerce companies and their non-quick counterparts in the last few weeks. Entrepreneur and startup investor Ashneer Grover too joined in the conversation — insisting that 10-minute quick commerce delivery has no economics. He was commenting on the Blinkit (by Zomato) delivery personnel strike. “Low ticket size and low margin can never be solved through forced low delivery cost,” Grover tweeted summarising Zomato’s Blinkit journey in three steps — 90 Min (bull run) —&gt; Next day (bear run) —&gt; 10 Min (bull run) —&gt; ?? Quick commerce sector has players like Zepto, Reliance-backed Dunzo, Zomato’s Blinkit and Swiggy’s Instamart. While most of them provide 10-minute deliveries, others too offer lightning-fast deliveries of a wide range of groceries — catching the imagination of consumers. However, quick commerce has had its set of detractors, and recently Hari Menon, the chief executive officer (CEO) of BigBasket stirred up the controversy with his comments against quick commerce. While BigBasket has its quick commerce avatar called BigBasketNow, it delivers its groceries in 30 minutes. ‘Qcommerce was thrust on customers’ Grover’s negative opinion on the economics of quick commerce delivery has another backer. Last week at the Sharrp Summit, Menon said that consumers never wanted quick delivery, and that it was thrust on them. A sensible business case involves 15-30 minutes to make a delivery, he added. “Quick commerce has certain dynamics required for unit economics to work, which means you need a high density of orders, it will be cut off at some point. The Bigbasket model will scale, but quick commerce without density doesn't work,” <a href="https://www.cnbctv18.com/business/companies/consumers-never-wanted-10-minute-delivery-says-bigbaskets-co-founder-16394831.htm">Menon said</a>. Menon’s comments had irked Aadit Palicha, the co-founder of Zepto and a Stanford dropout, who started the business during the pandemic when he was 19 years old. He hit back at Menon at the very summit saying that legacy e-commerce companies who have not generated significant net profit have no authority to make remarks on quick commerce’s sustainability. Palicha, who is preparing to take the company public in the next two years,<a href="https://www.businessinsider.in/business/corporates/news/zepto-preps-for-public-listing-in-2-years-brings-in-ramesh-bafna-as-cfo-to-lead-ipo-process/articleshow/99514143.cms"> had told Business Insider India</a> in a recent interview that a large part of his ‘dark stores’ are profitable, and the financial metrics of the company are very strong. Indians take to quick commerce According to Redseer, Indian consumers are taking to quick commerce, and the adoption is much better than in other countries. India has a quick commerce penetration of 13% versus 7% in China and 3% in EU, respectively. The current market size of quick commerce in India is $5.5 billion – and as of now caters to only 1% of the total domestic grocery market. Redseer also says that the total addressable market (TAM) of quick commerce is at $45 billion. “Emerging as one of the fastest growing e-commerce models, quick commerce is fundamentally changing consumer purchase behaviour and the grocery retail market on the whole by providing faster delivery options (in as little as ten minutes) as well as a more convenience-driven shopping experience,” said the Redseer report. Quick commerce players who have set up dark stores that aid quick deliveries, cater to the mid to upper middle-class consumers, and also offer an eclectic mix of products —- in order to stay ahead of the competition from local kiranas. As of now however, around 70% of all quick commerce purchases are top-up orders. Many platforms have informed that milk, eggs and more are the most searched and purchased items for fast deliveries. Stockup purchases like staples and packaged foods are either purchased offline or through online e-commerce. Apart from the time and the economics, the war of words around e-commerce is about average order value (AOV). Many players are trying to push for it by offering free delivery for larger sized orders. A few services like Instamart charge different delivery prices for faster delivery of services. Moreover, the funding winter which has been taking the wind off the sails for most startups has also had its effect on quick commerce players. Moreover, grocery delivery – fast or otherwise – itself is becoming a tougher business to be in. JioMart Express, which offers 90-minute deliveries, has recently shut this service. At the same time last year, fast delivery service Ola Dash folded up. This, however, can be a blessing in disguise, say analysts. “Competitive intensity has slowed down in quick commerce, which gives incumbents room to build scale moats; and the expectation that the life cycle value of the incremental transacting user in quick commerce could be significantly better than in food delivery at the current stage,” says a recent report by JM Financial. When the dust settles on the war of words around quick commerce, it will be incumbent on the existing players to prove their detractors wrong by delivering profitable businesses. SEE ALSO <a href="https://www.businessinsider.in/business/news/samosas-versus-burgers-the-great-indian-dilemma/articleshow/99488590.cms">Samosas versus burgers: The Great Indian Dilemma</a> <a href="https://www.businessinsider.in/thelife/personalities/keshub-mahindra-the-man-who-played-in-a-role-in-building-indias-auto-industry/articleshow/99425922.cms">Keshub Mahindra: The man who thought impossible is possible</a>

The Big Fight: Ashneer Grover wades into controversy around 10-minute delivery

<keyword id="6359298" type="General" weightage="20" keywordseo="indore" source="Orion">Indore</keyword>, Amid a row over his comments on Indore's top rank in the Centre's cleanliness survey, BharatPe's co-founder <keyword id="2988161" type="General" weightage="20" keywordseo="Ashneer-Grover" source="Orion">Ashneer Grover</keyword> has said while he will say sorry to the city, he will not apologise to the politicians. A non-cognisable offence information report (NCR) was registered on Monday against Grover after a video showed him commenting on Indore's top rank in the Centre's cleanliness survey and purportedly claiming it had been "bought". Following the development, Grover shared the video of his controversial statement in a post on his X. "Sorry to Indore. You've got great people and a city. But politicians everywhere have got no chill! Unnecessary politics being made out of a statement made in jest in a playful conversation on Bhopal vs Indore. Where the audience had fun - no offence was meant. None taken by anyone. No one getting offended now was even present in the room," he said in the post late on Monday night. He further said, "Not sorry to any politician. Ever. No one. Any party. FIR kar lo (register an FIR). Case kar lo (register a case). Koi farak nahi padta (it doesn't make any difference) - I am not a pushover - won't be bullied. Don't make an issue where there is none. It might be an election year - but people are smart. Indori people - super smart. I'll come to Indore when I wish, as many times I wish - and am confident of Indori mehmaan nawazi (good hospitality)." On Bhopal vs Indore, his favourite remains Bhopal, Grover wrote, adding that it would be dishonest of him to put Bhopal lower when he feels it is not only Madhya Pradesh's best city but also India's. Indore city of Madhya Pradesh has remained on top in the Centre's Swachh Sarvekshan for six consecutive years. Addressing an event here on Sunday, Grover is heard in the video saying, "See, there is a concept - playing to the gallery, that is, wherever you go, praise it saying I have never seen such a nice city. Now the problem with me is that for three-four years I have heard that Indore is the cleanest city...you have bought the survey. It's a simple thing." Grover, however, immediately clarified that he was not saying there was filth in Indore, and that he meant several construction works are going on in the city. An NCR was registered against Grover under the Indian Penal Code (IPC) sections 499 (defamation) and section 500 (punishment for defamation) on the complaint received from the Indore Municipal Corporation, Lasudia police station in-charge Taresh Kumar Soni had said on Monday. After an NCR is registered, if the complainant wishes, he can file a case in court at his personal level, he explained. Indore's Mayor Pushyamitra Bhargava said, "I have seen Grover's video. His statement is an insult to the hard work of the city's people and sanitation workers for cleanliness. We will take appropriate legal action against this insult and also serve him a notice for defamation." State Home Minister Narottam Mishra, who is in-charge of Indore district, also criticised Grover's statement and said, "Those who have garbage in their mind will only see filth." Indore Municipal Corporation chief sanitary inspector Sanjay Ghavri, on whose complaint the NCR was lodged, told PTI that Grover's controversial statement had insulted the people of the city. "This statement has hurt thousands of sanitation workers of the city who are engaged in cleanliness work from early morning till late night," Ghavri said.

Sorry to Indore, won't apologise to politicians, says BharatPe co-founder Ashneer Grover on row over his comment on cleanliness tag

Former <keyword id="7349800" type="General" weightage="80" keywordseo="bharatpe" source="Orion">BharatPe</keyword> Founder and CEO <keyword id="2988161" type="General" weightage="80" keywordseo="ashneer-grover" source="Orion">Ashneer Grover</keyword> has written his memoir called 'Doglapan' (double standards) - the Hard Truth about Life and Start-ups' which is available for pre-order and will be available next month. Billed as an "unfettered story of <keyword id="12917061" type="General" weightage="100" keywordseo="ashneer" source="Orion">Ashneer</keyword> Grover - the favourite and misunderstood poster boy of Startup India", the memoir is being called a "raw, gut-wrenching in its honesty and completely from the heart, storytelling at its finest". "Is kitab ko padhne ke baad ya to aap ek dum apni naukri chhod doge ya fir zindagi bhar naukri hi karoge. At least beech mein nahi phase rahoge (After reading this book, you will either quit your job or continue to only be in jobs your whole life. At least, you won't be stuck in the middle)," Grover said in a tweet on Friday. On Friday, he again tweeted: "So overnight my autobiography has become #1 Best Seller. And SOLD OUT as well !! I've scampered to print more copies - get yours before my publisher hits their max capacity." According to the book's brief description on Amazon.in, a young boy with a 'refugee' tag growing up in Delhi's Malviya Nagar outpaces his circumstances by becoming a rank-holder at the pinnacle of academic excellence in India, IIT Delhi. "He goes on to do an MBA from the hallowed halls of IIM Ahmedabad, builds a career as an investment banker at Kotak Investment Banking and AmEx, and is pivotal in the making of two unicorns-Grofers, as CFO, and BharatPe, as co-founder," it reads. As a judge on the popular TV show <keyword id="6533612" type="General" weightage="80" keywordseo="shark" source="Orion">Shark</keyword> Tank India, Grover became a household name even as his life turned upside down. "Controversy, media spotlight, garrulous social media chatter descend, making it difficult to distinguish fact from fiction," read the description. He said the book will offer readers "absolute clarity" on life. After swindling fintech platform BharatPe, Ashneer and his wife Madhuri Jain Grover have formed a new company called Third Unicorn Private Ltd, and are set to launch a third startup. Before co-founding BharatPe, Grover was associated with Grofers, which is now a 15-minute delivery platform Blinkit that has been acquired by Zomato for Rs 4,447 crore (about $568 million) in an all-stock deal. According to data accessed through Tofler, the Grovers have now registered a new company to begin their new journey. The nature of the startup is not known yet. Ashneer and Madhuri, former Head of Controls at BharatPe, are both directors of the firm that was founded in July this year. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/corporates/news/ashok-leyland-posts-rs-199-crore-pat-for-q2/articleshow/95449676.cms">Ashok Leyland posts Rs 199 crore PAT for Q2</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/news/amazon-unveils-design-of-new-prime-air-delivery-drone/articleshow/95446738.cms">Amazon unveils design of new Prime Air delivery drone</a>

Former BharatPe founder Ashneer Grover pens memoir called 'Doglapan'

Leaving the <keyword id="2988161" type="General" weightage="80" keywordseo="ashneer-grover" source="Orion">Ashneer Grover</keyword> controversy behind, fintech platform <keyword id="7349800" type="General" weightage="80" keywordseo="bharatpe" source="Orion">BharatPe</keyword> has closed one of the highest growth quarters in its history, facilitating over Rs 3,600 crore in loans in the first quarter (April-June period) of FY23. This is a growth of 112 per cent over the last quarter. BharatPe said it also reached an all-time high of $18.5 billion in annualised total payment value (TPV) -- a growth of 50 per cent over the last quarter. "Post a successful FY22 that we closed with a 3 times growth in merchant loans, 2.5 times growth in payments and a 4 times jump in revenue, BharatPe has recorded its' best ever quarter in Q1, FY23," said <keyword id="4534514" type="General" weightage="50" keywordseo="suhail-sameer" source="Orion">Suhail Sameer</keyword>, CEO, BharatPe. "We are on an incredible growth journey, driven by a huge shift in behaviour towards digital payment modes, rise of <keyword id="6358921" type="General" weightage="50" keywordseo="upi" source="Orion">UPI</keyword> and the increased acceptance of new-age fintech products," he added. The company facilitated disbursals to over 1.2 lakh merchants in Q1, FY23, up from 66,000 merchants in the last quarter of FY22. Additionally, BharatPe's other product offerings, including the card acceptance POS businesses (BharatSwipe) and its investment platform for merchants recorded consistent growth (over 30 per cent) compared to the last quarter. "We are on track to achieve our target of $2 billion in loans facilitated (through our NBFC/bank partners) across both consumer and merchant business by the end of FY23 as well as scaling TPV to $30 billion by March 2023," said Sameer. The company saw its biggest-ever controversy starting earlier this year when its Co-founder and CEO <keyword id="12917061" type="General" weightage="100" keywordseo="ashneer" source="Orion">Ashneer</keyword> and his wife <keyword id="13057738" type="General" weightage="50" keywordseo="madhuri-jain-grover" source="Orion">Madhuri Jain Grover</keyword> siphoned off funds worth crores and were later sacked by the company.

BharatPe is doing just fine after Ashneer Grover's exit, records 112% growth

Fintech platform <keyword id="7349800" type="General" weightage="100" keywordseo="bharatpe" source="Orion">BharatPe</keyword> on Wednesday said it has appointed former SBI <keyword id="14627699" type="General" weightage="50" keywordseo="card-cfo" source="Orion">Card CFO</keyword> <keyword id="13810597" type="General" weightage="50" keywordseo="nalin-negi" source="Orion">Nalin Negi</keyword> as its new chief financial officer, as it prepares for its initial public offering (IPO). In his new role, <keyword id="4151" type="General" weightage="80" keywordseo="negi" source="Orion">Negi</keyword> will take charge of the finance function for BharatPe and will be working towards making the company EBITDA positive by March 2023. He will report to <keyword id="4534514" type="General" weightage="50" keywordseo="suhail-sameer" source="Orion">Suhail Sameer</keyword>, CEO, BharatPe and work closely with the <keyword id="14627700" type="General" weightage="50" keywordseo="board-of-bharatpe" source="Orion">Board of BharatPe</keyword>, the company said in a statement. "His experience of listing SBI Card will be instrumental for us as we aim to go public in FY25," said Sameer. BharatPe closed the first quarter of FY23 with over Rs 3,600 crore in total loans facilitated and $18 billion in annualised TPV in payments. "The company has become a preferred and trusted partner for millions of offline merchants in just 4 years of launch," said Negi, who will lead the financial readiness of the company as it prepares for the IPO. In April, the company announced the appointment of <keyword id="10012165" type="General" weightage="50" keywordseo="smriti-handa" source="Orion">Smriti Handa</keyword> as the Chief Human Resources Officer. The new appointment comes after BharatPe Co-founder Bhavik Koladiya moved on from the company to pursue other assignments. The company has seen several high-profile exits in recent months, including <keyword id="2988161" type="General" weightage="50" keywordseo="ashneer-grover" source="Orion">Ashneer Grover</keyword> (who triggered a major controversy at the platform); Chief Revenue Officer Nishit Sharma; and Head of Institutional Debt Partnerships, Chandrima Dhar. SEE ALSO : <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/tech/news/asus-unveils-a-new-lineup-of-laptops-featuring-zenbook-14-flip-oled-and-vivobook-s14-at-starting-price-of-49990/articleshow/93322315.cms">ASUS unveils a new lineup of laptops featuring Zenbook 14 Flip OLED and Vivobook S14 at a starting price of ₹49,990</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/corporates/news/aditya-birla-capitals-net-profit-jumps-42-to-429-crore/articleshow/93322293.cms">Aditya Birla Capital's net profit jumps 42% to ₹429 crore</a>

IPO-bound BharatPe appoints new CFO amid high-profile exits

<ul><li>Charan joins a long list of celebrities like Shah Rukh Khan, <keyword id="6354486" type="General" weightage="20" keywordseo="virat-kohli" source="Orion">Virat Kohli</keyword>, Deepika Padukone, and <keyword id="5268" type="General" weightage="20" keywordseo="rahul-gandhi" source="Orion">Rahul Gandhi</keyword> who lost their ‘Blue ticks’. </li><li>Jr NTR or Tarak, SS Rajamouli – with over six million followers each, still have their blue ticks. </li><li>The Pope, Oprah Winfrey, and singer Beyonce lost their verifications, but Musk personally paid for three celebrities. </li></ul>Tesla cars might have danced to the beats of the Oscar-winning song Naatu Naatu, but the actor who thumped the ground to the beats on screen – Ram Charan of RRR has lost his validation from yet another <keyword id="6355315" type="General" weightage="20" keywordseo="elon-musk" source="Orion">Elon Musk</keyword> venture, Twitter. Charan, who has over three million followers on Twitter, joins a long list of celebrities like Shah Rukh Khan, Virat Kohli, Deepika Padukone and Rahul Gandhi to lose the coveted ‘Blue tick’ on their Twitter accounts. Many celebrities have refused to pay a fee that Musk had imposed to verify the accounts of celebrities. Blue ticks can differentiate the actual accounts of celebrities from the many fan-made and fake accounts made in their name. Rajamouli, Rana retain their blue ticks The other Naatu Naatu star, Jr NTR, or Tarak, the director of RRR, SS Rajamouli – with over six million followers each – still have their blue ticks indicating that they might have paid Musk’s fee. The star of Bahubali, Rana Daggubati, has a blue tick, and Prabhas is not on Twitter. The others who did not bother are — KGF fame Yash and Pusha actor Allu Arjun have also lost their blue ticks along with South heavyweight Rajnikanth. Even superstar Chiranjeevi, Charan's father and Arjun's uncle, who joined Twitter during the pandemic, lost his blue tick status. So did his Tamil counterpart Kamal Hassan who came back with a bang to silver screens with the recent superhit Vikram late last year. South heroines like Samantha Ruth Prabhu, with over 10 million followers, and Nayantara, with over 20,000 followers too lost their blue ticks. Many top cricketers like M S Dhoni and Rohit Sharma also did not bother to pay the price to retain their ticks, and neither did Twitteractive pulp fiction writer, Chetan Bhagat. There are only three exceptions Many international celebrities lost their blue ticks, including the Pope, celebrity TV host Oprah Winfrey, and singer Beyonce. Rihanna and Taylor Swift still have blue ticks, but their payment status is not verified. actress Halle Berry, however, tweeted, "Me joining you all tomorrow unverified," indicating she will not pay for the Blue badge. Jack Dorsey, the co-founder of Twitter, also lost his blue tick. But looks like even Musk defers to the celebrity might of a few titans, including the King of Horror, Stephen King. Incidentally, King has been criticizing the verification payment and insisted that “It’s a matter of principle.” The other two celebrities that Musk is personally paying for are Captain Kirk of Star Trek, William Statner and basketball legend, LeBron James. (With inputs from IANS, Neha Das and Ananya Tawakley) SEE ALSO <a href="https://www.businessinsider.in/business/news/ashneer-grover-wades-into-controversy-around-10-minute-delivery/articleshow/99578962.cms">The Big Fight: Ashneer Grover wades into controversy around 10-minute delivery</a> <a href="https://www.businessinsider.in/business/news/not-the-time-for-job-hopping-most-indians-plan-to-stay-put-this-year-indeed/articleshow/99556646.cms">Not the time for job hopping, most Indians plan to stay put this year: Indeed</a>

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Roasted shark? Ashneer Grover faces backlash over legal tussle with comedian Aashish Solanki

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The Big Fight: Ashneer Grover wades into controversy around 10-minute delivery

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Sorry to Indore, won't apologise to politicians, says BharatPe co-founder Ashneer Grover on row over his comment on cleanliness tag

PTI

Former BharatPe founder Ashneer Grover pens memoir called 'Doglapan'

IANS

BharatPe is doing just fine after Ashneer Grover's exit, records 112% growth

IANS

IPO-bound BharatPe appoints new CFO amid high-profile exits

IANS

RRR star Ram Charan & other Indian celebs who lost the Twitter blue tick

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