Total amount raised
$808.4 Millions
Latest funding date
Location
Title
BharatPe has successfully raised significant funding over multiple rounds, establishing itself as a key player in the fintech industry. The platform offers a comprehensive suite of financial services, including payment processing and credit solutions for merchants.
Keep reading to explore the intricacies of BharatPe's fundraising journey and the investors backing this innovative platform.
What Is BharatPe?
BharatPe, founded in April 2018, is a fintech company based in New Delhi, India. The company was established by Ashneer Grover, Bhavik Koladiya, and Shashvat Nakrani.
Specializing in digital payments, BharatPe facilitates transactions through UPI and POS devices, and offers credit solutions to merchants. Their services empower small and medium-sized businesses to manage their finances more effectively.
With a workforce of 251-500 employees, BharatPe continues to innovate in the financial services sector, providing a comprehensive suite of products to its merchant partners.
How Much Funding Has BharatPe Raised?
- Seed Round
- Amount Raised: $2M
- Date: October 2018
- Lead Investors: BEENEXT, Peak XV Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart operations and develop the initial product offerings.
- Series A
- Amount Raised: $14.5M
- Date: February 2019
- Lead Investors: Peak XV Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the team and scale the platform's reach.
- Series B
- Amount Raised: $50M
- Date: June 2019
- Lead Investors: Insight Partners, Ribbit Capital, Steadview Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance technology infrastructure and increase market penetration.
- Series C
- Amount Raised: $75M
- Date: February 2020
- Lead Investors: Coatue, Ribbit Capital, Tiger Global Management
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To diversify product offerings and enter new markets.
- Grant
- Amount Raised: ₹500K
- Date: October 2020
- Lead Investors: Department for Promotion of Industry and Internal Trade (DPIIT)
- Valuation at Round: Not applicable
- Motivation Behind the Round: To support innovation and development in the fintech sector.
- Series D
- Amount Raised: $108M
- Date: February 2021
- Lead Investors: Coatue
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate growth and expand the merchant network.
- Debt Financing
- Amount Raised: ₹500M
- Date: May 2021
- Lead Investors: Northern Arc
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support lending operations and manage working capital.
- Series E
- Amount Raised: $350M
- Date: August 2021
- Lead Investors: Tiger Global Management
- Valuation at Round: $2.85B
- Motivation Behind the Round: To scale operations and enhance product offerings.
- Debt Financing
- Amount Raised: ₹2.5B
- Date: January 2021
- Lead Investors: Alteria Capital, InnoVen Capital, Trifecta Capital Advisors
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support business expansion and manage operational costs.
- Debt Financing
- Amount Raised: ₹2B
- Date: August 2021
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To fuel growth and enhance financial stability.
- Debt Financing
- Amount Raised: ₹1B
- Date: October 2021
- Lead Investors: MAS Financial Services
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support lending operations and manage working capital.
- Debt Financing
- Amount Raised: $100M
- Date: January 2024
- Lead Investors: InnoVen Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support business operations and growth initiatives.
- Debt Financing
- Amount Raised: ₹850M
- Date: July 2024
- Lead Investors: Trifecta Capital Advisors
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To avoid equity dilution and support business growth.
- Debt Financing
- Amount Raised: ₹1.5B
- Date: December 2024
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support business operations and manage working capital.
BharatPe has raised a total of $1.6B with a current valuation of $2.85B.
Key Investors
- Tiger Global Management
- Details: Tiger Global Management is a leading global investment firm that focuses on private and public companies in the technology, telecommunications, media, and consumer sectors. Founded in 2001, the firm has a strong track record of backing high-growth companies.
- Investment Focus Areas: Technology, telecommunications, media, consumer sectors
- Notable Investments: Facebook, LinkedIn, Spotify
- Coatue
- Details: Coatue is a global technology-focused investment firm that manages both private and public equity funds. Founded by Philippe Laffont in 1999, Coatue has a reputation for investing in innovative technology companies.
- Investment Focus Areas: Technology, media, telecommunications
- Notable Investments: Snap Inc., DoorDash, ByteDance
- Insight Partners
- Details: Insight Partners is a leading global venture capital and private equity firm investing in high-growth technology and software companies. Founded in 1995, the firm has a strong focus on scaling businesses.
- Investment Focus Areas: Software, internet, data services
- Notable Investments: Twitter, Shopify, Wix
- Ribbit Capital
- Details: Ribbit Capital is a venture capital firm that invests in early-stage companies in the financial technology sector. Founded in 2012, Ribbit aims to disrupt the financial services industry through innovative solutions.
- Investment Focus Areas: Fintech, financial services, insurance
- Notable Investments: Robinhood, Coinbase, Credit Karma
- Peak XV Partners
- Details: Peak XV Partners, formerly known as Sequoia Capital India, is a venture capital firm that invests in early and growth-stage companies across India and Southeast Asia. The firm is known for its deep expertise and strong network in the region.
- Investment Focus Areas: Technology, consumer, healthcare
- Notable Investments: Zomato, OYO Rooms, Byju's
What's Next for BharatPe?
As BharatPe continues to expand its lending business and introduce innovative payment solutions like 'BharatPe One,' the company is poised to capitalize on significant growth opportunities. The fintech sector's increasing investment and demand for integrated payment solutions present a fertile ground for BharatPe to scale its operations and enhance its market presence.
Future fundraising efforts are likely to focus on leveraging debt financing to avoid equity dilution, with potential rounds from venture debt funds and financial institutions. This strategy aligns with BharatPe's approach to achieving financial stability and attracting more investors as it nears break-even.
However, BharatPe faces challenges such as managing debt obligations, navigating regulatory hurdles, and competing in a saturated market. Addressing these issues will be crucial for sustaining growth and maintaining investor confidence.
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