BharatPe set to become next unicorn after valuation crosses $900 mn

The fintech firm, which competes with players like Pine Labs, Paytm and Mswipe, provides payment technology and digital lending for offline businesses, including kiranas

Fintech company BharatPe has raised $108 million in a Series D equity round, at a valuation of $900 million. The financial services company for merchants raised $90 million in a primary fundraising and also ensured secondary exit for its angel investors and employees for a $18 million. 

The round was led by the company’s existing investor Coatue Management. All 7 existing institutional investors participated in the round. These include Ribbit Capital, Insight Partners, Steadview Capital, Beenext, Amplo and Sequoia Capital. With this round, the company has raised a total of $268 million in equity and debt to date.

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