BharatPe raises USD 108 mln in Series D financing round

Thursday 11 February 2021 13:02 CET | News

BharatPe has announced that it has raised USD 108 million in a financing round that valued the startup at USD 900 million, up from USD 425 million in 2020.

Coatue Management led the startup’s Series D round. Other six existing institutional investors – Ribbit Capital, Insight Partners, Steadview Capital, Beenext, Amplo, and Sequoia Capital – also participated in the round.

BharatPe operates a service that aims to enable offline merchants to accept digital payments. The company provides QR codes and point of sale machines that support the government-backed UPI payments infrastructure to merchants that run small businesses, such as roadside tea stalls and neighbourhood stores.

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Keywords: BharatPe, India, Asia, fund raising, Series D, merchants, QR code payments, POS
Categories: Payments & Commerce
Countries: India
This article is part of category

Payments & Commerce