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Founded
2018
Headquarters
Delhi (India)
Status
Series E
Company Details
BharatPe helps small shop owners and grocery stores in India accept digital payments easily. It gives them special QR codes so customers can pay using any UPI app (like Google Pay or PhonePe). Its works in more than 400 cities and is now worth billions of dollars. With lots of big investors and cool ideas, it makes life easier for Merchants and helps them grow their business. BharatPe also helps these shop owners get loans, manage their money, and use card machines to take payments.
Core Products and Services
BharatPe offers interoperable QR codes for seamless UPI payments, enabling merchants to accept payments from any UPI-enabled app
The company provides BharatSwipe, a zero-rental point-of-sale (POS) card machine, allowing merchants to accept card payments without additional fees
BharatPe extends collateral-free loans of up to ₹7 lakh to shop owners, supporting their business growth and working capital needs
The platform also delivers value-added tools such as loyalty programs and EMI options to help merchants manage and expand their businesses effectively
Business Model and Revenue Streams
BharatPe distributes QR codes to merchants at no cost, facilitating easy digital payments from customers
The company generates revenue primarily by charging processing fees on loans disbursed to merchants
Additional income streams include offering POS machines and providing business management tools and payment solutions to other companies
User Segmentation
BharatPe primarily serves the B2B segment, focusing on small businesses, grocery stores and merchants across India
Growth Strategy
The company is actively expanding its presence to additional cities, aiming to onboard more merchants nationwide
BharatPe is increasing loan disbursements and streamlining access to credit for shop owners
Continuous innovation drives the introduction of new tools and services tailored to merchant needs
Strategic partnerships and acquisitions are pursued to diversify offerings and accelerate growth
Key Metrics
Total Equity Funding
$844.54 Million
No. of Funding Rounds
16
Latest Funding Round
$370.0 Million, Series E
as of July 29, 2021
Post Money Valuation
$2.85 Billion
as of August 18, 2021
Funding Multiple
3.37
as of August 18, 2021
Investors
Coatue
and 8 moreEmployee Count
3304
Similar Companies
Pine Labs
Exit Details
N/A
All Funding Rounds
| Date | Round Name | Amount | Valuation | Revenue | Revenue Multiple | Investors |
|---|---|---|---|---|---|---|
| July 29, 2021 | Series E | $370.0 Million | $2.7 Billion | $47.0 Million | 49.5x | Tiger Global Management, Dragoneer Investment Group, Coatue, Insight Partners, Ribbit Capital, Amplo, IP X Resilient, Peak XV Partners, DF International Partners ,Steadfast Financial, SFSPVI |
| February 11, 2021 | Series D | $90.1 Million | $885.0 Million | - | - | Coatue, Ribbit Capital, Insight Partners, Beenext, Amplo, Grace Software Holdings, Peak XV Partners ,Steadview |
| February 23, 2020 | Series C | $75.0 Million | $410.0 Million | $2.9 Million | 118.3x | Coatue, Ribbit Capital, Amplo, Insight Partners, Grace Software Holdings , Steadview , INDUSLAW |
| August 26, 2019 | Series B | $50.0 Million | $219.0 Million | - | - | Ribbit Capital, Beenext, Insight Partners, Grace Software Holdings, Peak XV Partners ,Steadview, ABG Capital, Redwood Trust |
| March 5, 2019 | Series A | $16.0 Million | $57.6 Million | - | - | Insight Partners, Beenext, Grace Software Holdings, Peak XV Partners , Global Venture Partners ,Khaitan |
| July 26, 2018 | Seed | $3.0 Million | $2.6 Million | - | - | Beenext, Peak XV Partners, Saam Partners, Venture Catalysts, Samyakth Capital, GSV , Wellfound, Saam Partners |