Through a LinkedIn post, former BharatPe cofounder, Ashneer Grover provided a sneak peak into his latest venture.
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“We at Third Unicorn have been quietly and peacefully building a market-shaking business. Bootstrapped. Without limelight. And we are doing things differently. Very differently,” Grover said in his post.
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In the post Grover mentioned an overarching framework of his upcoming venture. Taking a dig at the venture capital (VC) community, Grover said he only believes in “desi” (homegrown) or “self-earned” capital.
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Ashneer’s team will not exceed more than 50 members and the idea will be to “generate $1 billion in revenue”. He said the startup would not have a regular board like in other companies, referring to his soured relationship with investors and board members following the high-pitched controversy at his former firm BharatPe.
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He has asked the prospective investors to reach out to him directly and has promised to gift a Mercedes to all working with him once his venture completes five years.
