BharatPe raises $15.5 mn in funding from Insight Partners, Sequoia, Beenext

The company is working towards driving the adoption of UPI among merchants, and has established operations in 11 cities including Indore, Bhopal, Nagpur, Chandigarh, and Jaipur

BharatPe, a fintech startup that provides merchants with interoperable UPI QR codes has raised $15.5 million in Series A funding. Insight Partners has joined the company’s existing investors, Sequoia and Beenext, in the round. The company said it plans to deploy the funding towards scaling its operations and pursuing its mission of empowering millions of merchants with UPI payments within the next two years.

“The funding will fuel our mission of democratizing digital payments for merchants, and make UPI a preferred way to pay,” said Ashneer Grover, CEO and co-founder of BharatPe.

Vinny Pujji, a senior investment associate at Insight Partners said