Ashneer Grover promises Mercedes to employees who can stick with him for 5 years

Jan 11, 2023

By: Vaamanaa Sethi

New startup venture

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.

Credit: Linkedin

Launch date

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.

Credit: Linkedin

About Third Unicorn

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.

Credit: BCCL

Hiring at Third Unicorn

Grover, in his Linkedin post, mentioned that he is looking to build a team of a maximum of 50 members.

Credit: Linkedin

What did Grover say?

“We at Third Unicorn have been quietly and peacefully building a market shaking business. Bootstrapped. Without limelight,” Grover said in the post.

Credit: BCCL

Mercedes for employees

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.

Credit: Linkedin

Doing things differently

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.

Credit: Linkedin

MoA filed

According to media reports, a memorandum of association (MoA) has been filed with the Ministry of Corporate Affairs to establish the company.

Credit: MoA

BharatPe case

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.

Credit: BharatPe

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