Introducing Indian Startup BharatPe: Valuation crosses $900 Mn after $108 Mn Series D round

BharatPe is India’s largest offline acquirer of merchants – providing a QR code for UPI payments, POS machine for card acceptance, and loans to small merchants. Backed by premier investors such as Sequoia, Ribbit, Coatue, Insight, Steadview, Beenext and Amplo,their goal is to be the definitive platform for financial services in India.

Founding Year

The financial services startup, BharatPe was founded on April 2018.

Founders

Ashneer Grover,is the CEO and cofounder of BharatPe and  Shashvat Nakrani,based out of Delhi is the cofounder of BharatPe.

Funding Rounds

BharatPe has raised a total of $283.5M  in funding over 6 rounds. Their latest funding was raised on Feb 11,2021 from a Series D round.

Investors

BharatPe is funded by 16 investors. Amplo and Insight Partners are the most recent investors.

Recent News

BharatPe has raised $108 million in its Series D round led by Coatue Management with participation from existing backers include Ribbit Capital, Insight Partners, Steadview Capital, Beenext, Amplo & Sequoia Capital.

The fresh round brings the total equity and debt funding in the company to $268 million including $75million Series C Round in February 2020, $50 million Series B round in August 2019 & $15.5 million Series A round in March 2019.

Stay tuned with Earlypad for more such startup funding updates. Drop a mail at reach@earlypad.com

Leave a Reply

Your email address will not be published. Required fields are marked *