Ashneer Grover Launches New App Named ZeroPe, Netizens Accuse Him Of Stealing A Student's Idea

Ashneer Grover recently launched his new venture, ZeroPe. However, a Reddit user claimed that 'The CEO Challenge' judge copied the idea from a young aspiring entrepreneur. Netizens reacted to it.


By Oindrila Muhuri Last Updated:


Ashneer Grover Launches New App Named ZeroPe, Netizens Accuse Him Of Stealing A Student's Idea

BharatPe co-founder and former managing director, Ashneer Grover rose to immense stardom with his stint in the business-oriented reality show, Shark Tank India, season one. Therein, Ashneer was among the judges and investors. However, his logical roasting of the pitchers was hugely loved by the show's viewers. Unfortunately, due to his fallout with his former company, BharatPe, he was dropped out of the show's next season.

Talking about his fallout with his former company, BharatPe, Ashneer reportedly got involved in a number of controversies. From accusations about his lavish lifestyle, causing damages to the company by illegal payments to HR consultants and travel invoices, adding non-existing transactions in input tax credit and payment of penalty to GST authorities, and many more such instances, Ashneer got indulged in a number of blame games with the company. Finally, he made a public apology to the company and exited. Post leaving BharatPe, he formed a new company named Third Unicorn.

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Ashneer Grover launched CricPay and ZeroPe under his new company, Third Unicorn

Earlier, Ashneer launched CricPay, a fantasy game platform, under the banner of his present company, Third Unicorn, in 2023. Now, he is also seen as a judge-cum-investor in the show, The CEO Challenge, where high school aspiring entrepreneurs present their pitches to India's biggest industry stalwarts at Masters' Union.

Moreover, Ashneer is set to start his next innings in the world of fintech with the new company's newest venture, ZeroPe. The app is already listed on the Google Play Store, and it is going to provide instant medical loans of up to Rs. 5 lakhs to the needy through his new company in collaboration with Delhi-based NBFC Mukut Finvest. According to certain reports, only a section of society will be able to avail the benefit of this service.

Ashneer Grover

A Reddit user claims Ashneer Grover copied the idea for launching ZeroPe, netizens react

Now, a Reddit user shared a video from one of the episodes of the show, The CEO Challenge, which was graced by Ashneer Grover amongst the other investors. Moreover, a young student of eleventh standard, Adya, was heard presenting the idea of her venture, Marham, which somehow promises to provide services just like ZeroPe. However, it is noteworthy that ahead of ZeroPe, there are already many other players present in this market, including Save In, Cube Health, Arogya Finance, Neo Docs, Fibe, Kenko, My Care Health, and others, who tend to provide the same services as done by Ashneer's recently launched one.

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Ashneer Grover

But the Redditor posted the video with the caption, which mentioned that Ashneer's ZeroPe entirely coincides with the plans and services provided by Marham. Thus, the Redditor mentioned that Ashneer might have copied the content from the young aspiring entrepreneur. Soon, many other netizens started reacting to the same. Some social media users also mentioned that it is not important that if an idea is copied in the business field; what is more, essential is how the planning process is executed and the services reach the commoners.

To watch the video, click here.

What do you think about the Redditor's claim that Ashneer's new venture was copied by the young aspiring entrepreneur? Let us know!

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