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BharatPe raises USD 370 mln in funding round

Wednesday 4 August 2021 10:38 CET | News

India-based fintech BharatPe had raised USD 370 million in a funding round led by Tiger Global, giving the company a valuation of USD 2.85 billion.

The fund raising, which pushes BharatPe into the unicorn club, gives the company capital as it takes over distressed lender Punjab and Maharashtra Co-operative Bank with Centrum Financial Services to create a small finance bank.

Existing investors Sequoia Growth, Insight Partners, Coatue Management, Amplo, and Ribbit Capital have also invested in the Series E fundraise.


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Keywords: fintech, funding
Categories: Banking & Fintech | Payments General
Countries: India
This article is part of category

Banking & Fintech