Ashneer Grover requests VCs to steer clear of his ‘Third Unicorn’

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Ashneer Grover said in a teaser document for his new company, Third Unicorn, that venture capitalists (VCs) should stay away.

“VCs-SheCs, please keep your distance. The document shared by the ex-BharatPe MD on LinkedIn stated, “We use only Desi/Self-earned capital,” implying that the company will only raise funds from Indian investors. However, he also requested that potential investors ‘get in touch with him’ directly in order to join the cap table at Third Unicorn. In addition, despite the fact that Grover launched the company in July 2022, there is still no information available about what the company will do. Third Unicorn Private Limited, on the other hand, has a list of objects, as stated in the company’s documents filed with the Ministry of Corporate Affairs (MCA).

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Ashneer Grover requests VCs to steer clear of his ‘Third Unicorn’

Ashneer Grover said in a teaser document for his new company, Third Unicorn, that venture capitalists (VCs) should stay away.

“VCs-SheCs, please keep your distance. The document shared by the ex-BharatPe MD on LinkedIn stated, “We use only Desi/Self-earned capital,” implying that the company will only raise funds from Indian investors. However, he also requested that potential investors ‘get in touch with him’ directly in order to join the cap table at Third Unicorn. In addition, despite the fact that Grover launched the company in July 2022, there is still no information available about what the company will do. Third Unicorn Private Limited, on the other hand, has a list of objects, as stated in the company’s documents filed with the Ministry of Corporate Affairs (MCA).

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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