BharatPe is India's leading financial services platform for merchants.

Basic Information

BharatPe was co-founded by Ashneer Grover and Shashvat Nakrani in 2018 with the vision to make financial inclusion a reality for Indian merchants. BharatPe launched India’s first UPI interoperable QR code, first ZERO MDR payment acceptance service, and first UPI payment backed merchant cash advance service. In 2020, BharatPe also launched India’s only ZERO MDR card acceptance terminals – BharatSwipe. Currently serving over 60 lakh merchants across 100 cities, the company is a leader in UPI offline transactions, processing 8 crore+ UPI transactions per month (annualized Transaction Processed Value of US$ 7+ Bn). The company has already facilitated disbursement of over Rs. 1200 crores to its merchants since launch. BharatPe’s POS business is clocking over Rs. 900 crores/ month. BharatPe has raised close to US$ 270 million in equity and debt, till date. The company’s list of marquee investors includes Coatue Management, Ribbit Capital, Insight Partners, Steadview Capital etc. See more

Legal Name

:

Resilient Innovations Pvt Ltd

Headquarters

:

New Delhi, Delhi, India

Business Model

:

B2B, 

B2B2C 

Founding Date

:

2018

No. of Employees

:

251 to 500

Core Team

:
1.

Bhavik Koladiya

Co-Founder

2.

Ashneer Grover

Co-Founder & CEO

3.

Shashvat Nakrani

Co-Founder

Funding

Total Funding

$659.4M

Investors

:

1.

Ribbit Capital

2.

Insight Partners

3.

Coatue Management

See More

Detail Round Breakdown

Round 1
Round 2
Round 3
Round 4
Round 5
Round 6
Round 7
Round 8

$15.5M

Series Name

:

SERIES-A

Date

:

4th Apr 2019

Investors

:
1.

Insight Partners

2.

Sequoia Capital India

3.

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