BharatPe now valued at $922 million; gives 80x returns to investors, nears unicorn goal [details]
The Series D funding led by Coatue Management puts BharatPe s valuation at $922 million. Most recently, the startup raised $108 million (over Rs 786 crore).
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Fintech services company BharatPe announced this month that it raised $108 million (over Rs 786 crore) in Series D equity round. The company did not disclose the details of the deal, but the regulatory filings accessed by Fintrackr gives us a fair idea about the startup s valuation and other details.
According to the report, the Series D funding led by Coatue Management puts BharatPe s valuation at $922 million. Only a year ago, the company was valued at $410 million after raising $75 million Series C round in February 2020. This marks a 125 percent jump in valuation.
BharatPe raises Rs 90 crore in debt funding from Alteria Capital
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This debt funding is part of the Rs 250 crore that BharatPe is looking to raise in this funding round, Alteria Capital says. The company has raised $142.5 million till date through various equity and debt rounds.
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Mumbai: Beenext and Sequoia Capital-backed fintech startup BharatPe has raised Rs 90 crore from Alteria Capital, a venture debt fund. This debt funding is part of Rs 250 crore the company is looking to raise in this round, Alteria Capital said in a news release.
Co-founded by Ashneer Grover and Shashvat Nakrani in 2018, BharatPe serves over 5 million merchants in more than 65 cities. The company processes more than 60 million UPI transactions on an average a month (with an annualised transaction value of over $7 billion).