QR Code-based Payment App BharatPe to Raise $17 Mn from Sequoia India
21 Feb 2019 12:44 AM GMT
In one of the largest Series A round of funding in Indian Startup Ecosystem, Bangalore-based BharatPe is in the final stages of raising nearly $17 million (about Rs 120 crore) from investors led by�Sequoia Capital India, valuing the payments startup at $60-65 million, reported Economic Times. Founded in April 2018,
- In one of the largest Series A round of funding in Indian Startup Ecosystem, Bangalore-based BharatPe is in the final stages of raising nearly $17 million (about Rs 120 crore) from investors led by Sequoia Capital India, valuing the payments startup at $60-65 million, reported Economic Times .
- Founded in April 2018, by former CFO of Grofers, Ashneer Grover (IIT Delhi 2004), and Shashvat Nakrani, BhratPe is a QR code-based payment app building the largest offline merchant network in India by making mobile payments acceptance free and ubiquitous.
- BharatPe empower the merchants to accept UPI payments for ‘FREE’ through the BharatPe QR.
- Merchants can sign up instantly and start receiving the funds immediately in their bank account.
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