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India s BharatPe joins unicorn club after $370m fundraising from Tiger Global, others

Photo: Screen of BharatPe app on GooglePlay August 4, 2021 Merchant payments and financial services provider BharatPe has raised $370 million in a primary and secondary mix, as a part of a Series E funding round led by new investor New York-based Tiger Global Management. Other new investors include Dragoneer Investor Group and Steadfast Capital, who have participated as a part of this round. The round makes BharatPe the latest entrant to India’s growing list of unicorn startups, with its valuation rising more than threefold to $2.85 billion in six months. The company had raised $108 million in February this year at a valuation of $900 million.

BharatPe Enters Unicorn Club; Raises $370 Mn At $2 85 Bn Valuation

BharatPe Enters Unicorn Club; Raises $370 Mn At $2.85 Bn Valuation Share story BharatPe is the fifth fintech startup to achieve unicorn status this year BharatPe’s valuation almost tripled from $900 Mn in February 2021 to $2.85 Bn New Delhi-based merchant payments and financial services provider – BharatPe– is the latest entrant to the coveted unicorn club in India, after it bagged $370 Mn in Series E equity round led by Tiger Global at valuation of $2.85 Bn. Dragoneer Investment Group and Steadfast Capital have come on board as new investors, while Coatue Management, Insight Partners, Sequoia Growth, Ribbit Capital, and Amplo added to their earlier investments in BharatPe.

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