Jan 11, 2023By: Vaamanaa Sethi
Ashneer Grover, the co-founder and former managing director of fintech company BharatPe, has rolled out a small teaser document on Linkedin about his new startup named Third Unicorn.
According to data from business intelligence platform Tofler, Grover launched his startup last July. Grover and his wife Madhuri Jain are the directors of the company, as per Tofler.
It is a bootstrapped computer-related services company and is based out of South Delhi, as per Tofler. It has an authorised share capital of ₹20 lakh and paid-up capital of ₹10 lakh.
Grover, in his Linkedin post, mentioned that he is looking to build a team of a maximum of 50 members.
“We at Third Unicorn have been quietly and peacefully building a market shaking business. Bootstrapped. Without limelight,” Grover said in the post.
He further mentioned in the teaser document that employees who complete five years in the company will get a Mercedes car as a reward. “ 5 saal poore hone pe Mercedes-Shercedes. Gratuity to bezzati ki liye hoti hai,” (Mercedes after completion of 5 years. Gratuity is a shame) the document said.
Grover, in his post, further said that the company will operate differently. “And we are doing things differently. Very differently. So if you want to be part of the next TODU - FODU thing, here's a sneak peek on HOW we are building ! WHAT we are building remains the billion dollar question,” he said.
According to media reports, a memorandum of association (MoA) has been filed with the Ministry of Corporate Affairs to establish the company.
Grover and his wife were forced out of BharatPe early last year. The fintech company alleged that Grover and his wife were involved in misappropriation of th company’s funds amounting to ₹88.6 crore. BharatPe is also fighting a court case against the couple.