Ashneer Grover says that throughout the Dubai T20 World Cup, he launched ‘PostPe’ which generated Rs 300 crore enterprise in first few months itself.
Ashneer Grover says BharatPe beneath Rajnish Kumar pulled out of the ICC World Cup 2023 in a 12 months Bharat ought to win
A day after Ashneer Grover acquired summons from the Economic Offences Wing of Delhi Police relating to a BharatPe go well with, the previous Shark Tank decide mentioned BharatPe spent $10 million simply on legal professionals in opposition to me however doesn’t have $10 million (roughly Rs 80 crore) for World Cup. He mentioned it’s all ego, no enterprise.
Sharing a “business trivia” concerning the World Cup, Ashneer Grover in a put up on X mentioned, “BharatPe pulled out of the ICC World Cup 2023 in a year Bharat should win.”
“I had done a 3 year deal with ICC in 2021 . Essentially we as BharatPe we’re getting 3 World Cups as Global Sponsor (behind wicket mat) – T20 World Cup Dubai 2021, T20 World Cup Australia 2022, and ODI World Cup India 2023. Deal was for $27 Mn (₹215 crores) – $10 + $7 + $10 Mn,” Ashneer Grover mentioned.
He left BharatPe in 2022.
“Under Rajnish Kumar – BharatPe had no new product – no business strategy. Went ahead in T20 Australia World Cup 2022 – only took senior employees on company paid vacation – WHO ALL LEFT company within months. So $17 Mn of $27 Mn spent,” he mentioned.
Grover additional mentioned that in the principle occasion, ICC World Cup 2023, nice alternative emerges for branding and engagement with retailers, clients and workers. Only $10 million or Rs 80 crore had been to be spent.
“BharatPe PULLs OUT – gives slot to MasterCard. Can you believe it?!” Grover mentioned.
“That’s Rajnish Kumar as management. Company spent $10 Mn easily on lawyers against me – but does not have $10 Mn (₹80 crores) for World Cup ! All ego – no business,” he mentioned.
Rajnish Kumar joined MasterCard India Board round similar time as handing over coveted sponsorship to MasterCard on a platter. How may Rajnish be part of competing enterprise (his settlement barred him from becoming a member of any competitor) – and handover such priceless sponsorship and nice deal – it’s not even associated occasion transaction – it’s SAME occasion transaction!, Grover mentioned.
“I wish India wins tomorrow with same domination!” he mentioned.
World Cup 2023 last will likely be performed on Sunday between India and Australia.
Grover additionally mentioned that throughout the Dubai T20 World Cup, he launched ‘PostPe’ which generated Rs 300 crore enterprise in first few months itself.
Ashneer Grover and his spouse Madhuri Jain Grover had been on Thursday night stopped on the Indira Gandhi International (IGI) Airport by the Economic Offences Wing (EOW) of Delhi Police whereas they had been travelling to New York for a trip.
The improvement got here after allegations that Grover’s household siphoned off funds from BharatPe on the pretext of providing recruitment providers, gave financial institution accounts numbers that had been created after the dates once they had been raised, as per the EOW’s preliminary report of an investigation.
