BharatPe raises $15.5 mn funding from Insight Partners, Sequoia and Beenext

4 April 2019 2:42 AM GMT

The company, which provides merchants with interoperable UPI QR codes, said the proceeds from the series A round would be deployed towards scaling its operations and empowering millions of merchants with UPI payment within the next two years.

Fintech startup BharatPe on Thursday said it has raised USD 15.5 million (about Rs 106.7 crore) in funding from global venture capital and private equity firm Insight Partners and existing investors, Sequoia and Beenext.
The company, which provides merchants with interoperable UPI QR codes, said the proceeds from the series A round would be deployed towards scaling its operations and empowering millions of merchants with UPI payment within the next two years.
Founded in 2018 by Ashneer Grover and Shashvat Nakrani, BharatPe has established operations in 11 cities Hyderabad, Bengaluru, Delhi, Pune, Mumbai, Ahmedabad, Indore, Bhopal, Nagpur, Chandigarh and Jaipur.

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