FinTech BharatPe Rolling in Cash With $2.85B Valuation

BharatPe

BharatPe received $370 million in a Series E funding round that was led by a new investor, New York-based Tiger Global Management. Other new investors that participated in this funding round include Dragoneer Investment Group and Steadfast Capital.

BharatPe is a financial services provider for merchants. Ashneer Grover and Shashvat Nakrani co-founded BharatPe in 2018. In February, BharatPe had raised $108 million at a $900 million valuation. Since February, the company’s valuation has grown threefold. Existing investors like Sequoia Capital, Insight Partners, Coatue Management, Amplo, and Ribbit Capital also participated in the latest funding round. Suhail Sameer who was previously the group president has recently been appointed as the CEO. Ashneer Grover has become the Managing Direct...

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