Ashneer Grover News

Moneycontrol report said, citing one of the sources. Four other i-bank – Bofa Securities, Jefferies, ICICI Securities and Avendus Capital – are also expected to be signed as potential advisors for the much-awaited issue, another person aware of the matter told the publication. Livemint could not independently verify the development.

Zomato CEO and co-founder, Deepinder Goyal got 33,422 shares in the public issue of Mamaearth's parent Honasa Consumer, reported Moneycontrol after reviewing the bid-allottee data document. Also Read: Mamaearth IPO: What does the latest GMP signal ahead of listing; Check key details However, former Shark Tank judge, Ashneer Grover's name was missing from the list of allottee and non-allotte, reported on the business website. Details of Zomato co-founder Deepinder Goyal mentioned in the documents were confirmed by an MC source.

Zomato founder Deepinder Goyal, Shark Tank India 3 will have 6 new members in its panel, increasing the total count to 12. Mocking the recent addition of sharks in the show, Ashneer Grover, former judge of Shark Tank India, called it an "audition of sharks for Shark Tank 4".

Former BharatPe CEO Ashneer Grover on Tuesday responded to a defamation case filed against him over his remarks on Indore's top rank in the Centre's cleanliness survey. “Sorry. Not Sorry!" the entrepreneur wrote in a long post on X (formerly Twitter).

startups for documents related to three-year ITR details of their investors and shareholders. In a post on X (formerly Twitter), the IT department wrote, “Dear @Ashneer_Grover, Section 68 of the Income-tax Act, 1961 (the Act) under which the Assessing Officer (AO) has made the inquiry about creditworthiness of the shareholder/investor, places the initial onus on the assessee-company to prove the following: Identity of the investor, Creditworthiness of the investor and Genuineness of the transaction." The Finance Act, 2012 mandated that the nature and source of any sum credited as share capital, share premium, etc., in the books of a closely held company (excluding a Venture Capital Fund or a Venture Capital Company registered with SEBI) shall be treated as explained under section 68 only if the source of funds from a resident shareholder is also explained by the investor, the post read.

child into school. Taking to social media, BharatPe cofounder Ashneer Grover addressed the biggest pain point for many parents on X (formerly known as Twitter) on Monday. The 41-year-old said that getting admission for a four-year-old in the Nursery of a reputed private school is more difficult than cracking the entrance of the Indian Institutes of Technology (IIT). Grover is an alumnus of IIT-Delhi. The entrepreneur-turned-author said that the problem was evident in the Delhi-National Capital Region, which comprises cities like New Delhi, Gurugram, Noida, Greater Noida, Faridabad, and Ghaziabad. In his post, he said that every parent in Delhi-NCR must have gone through admission struggles in the last 10 years to get their child into a coveted private school. «It’s tougher to get your four-year-old kid admission in Nursery in your preferred private school than it is to enter IITs.

New Delhi: The Delhi High Court on Tuesday dismissed a plea filed by Ashneer Grover, former managing of BharatPe, challenging an income tax notice issued to him under Section 8 of the Black Money Act. The income tax notice is dated 29 May 2023. The high court asked Grover's counsel to withdraw the petition voluntarily, or the court will have to dismiss it.

Beyond Snack has raised $3.5 million in a funding round led by agriculture and food focussed early stage fund Nabventures to accelerate its expansion. Nabventures is backed by the National Bank for Agriculture and Rural Development (NABARD). In a statement, Beyond Snack said it would utilise the fresh funds to expand and enhance its distribution network, supply chain and fund research and development projects.

Ashneer Grover, the ousted co-founder of BharatPe, proudly revealed that his wife, Madhuri Jain Grover, stands as one of the highest female taxpayers in the country. This financial year, she contributed a substantial amount of Rs 2.84 crores in advance tax, sourced from her successful investments in startups. This isn't the first time Ashneer Grover has expressed pride in his wife's tax-paying prowess.

Shark Tank India Season 1 aired on television, seven of the so-called sharks (investors) completed only 27 of the 65 soft commitments that they had agreed to deploy in startups that participated in the show, according to an analysis by PrivateCircle Research. And, in value terms, of the Rs 40 crore that these sharks had committed to invest, only 17 crore was invested till July 12, 2023, the analysis revealed. Shark Tank is a reality television show where entrepreneurs pitch their business models to a panel of investors.

small and medium enterprises (SMEs). The gas aggregator plans to use the proceeds from the issue primarily towards meeting the working capital requirements for sourcing natural gas, RLNG (regasified liquefied natural gas), and importing LNG (liquefied natural gas) cargoes.

Edtech startup Byju's yesterday appointed former Infosys CFO and board member T.V. Mohandas Pai and former State Bank of India chairman Rajnish Kumar to its board advisory council (BAC) -- a newly constituted body to advise its founders on governance, after half of the startup’s board quit enmasse last month.

NEW DELHI : Edtech giant Byju’s on Thursday named former State Bank of India chairman Rajnish Kumar and former Infosys chief financial officer T.V. Mohandas Pai to a newly formed council to advise its board.

GST Council Tuesday said it would impose a 28% tax on funds that online gaming companies collect from their customers, which could lead to higher ticket prices. Finance Minister Nirmala Sitharaman, who chairs the goods and services tax (GST) council, comprising state finance ministers, said the decision to tax online gaming was reached after extensive discussion. The Finance Minister said the tax will be levied on the entire value.

₹100 to play on ₹72 pot entry (28% Gross GST); and if they win ₹54 (after platform fees)- they will pay 30% TDS on that - for which they will get free swimming pool in their living room come the first monsoon - not happening ! It was good fun being part of the fantasy gaming industry - which stands murdered now. $10 Bn down the drain in this monsoon.

₹5/share ever will get more shares so their holding cost comes to ₹5/share. Simply even last round VC investors who invested at ₹55/ share will get 10x more shares for free so their holding comes to ₹5/share.

BharatPe on Wednesday said that it has roped in former Razorpay executive, Pankaj Goel, as its chief technology officer (CTO). Prior to joining BharatPe, Goel was the head of payments engineering at payments infrastructure provider Razorpay. As a part of his new role, Goel will be leading the technology function at BharatPe and spearhead innovation strategy across its group companies.

As the 40-year-old banking institution, Silicon Valley Bank (SVB), winds down operation, numerous venture capitalists and investors joined hands and decided to cushion the impact in case the bank “were to be purchased and appropriately capitalized.”

The BharatPe board’s decision to rope in accounting firm PwC for an independent audit is a step towards terminating the services of co-founder and managing director Ashneer Grover and his wife Madhuri Jain Grover, as their ouster can only happen after a report by a Big 4 audit firm indicts them, people familiar with the development told Moneycontrol.

The board in all its actions has followed due process in the best interest of the company and is yet to receive an interim of the final governance review report, BharatPe said in a statement criticising the allegations made against board members.