Payment Startup BharatPe Raises $15.5 Mn from Insight Partners, Sequoia and Beenext

4 April 2019 4:19 AM GMT

Delhi-based Resilient Innovations Pvt. Ltd, which owns and operates payment tech startup BharatPe, has raised $15.5 million (about Rs 106.7 crore) in series A round of funding from Insight Partners, an American venture capital and private equity firm, along with contribution from existing investors, Sequoia and

Delhi-based Resilient Innovations Pvt. Ltd, which owns and operates payment tech startup BharatPe , has raised $15.5 million (about Rs 106.7 crore) in series A round of funding from Insight Partners, an American venture capital and private equity firm, along with contribution from existing investors, Sequoia and Singapore-based VC firm, Beenext.
The funding came within a couple of months after BharatPe had raised nearly $17 million (about Rs 120 crore) from Sequoia Capital India, valuing the payments startup at $60-65 million.
Currently with over 6 lakh merchants in India, the startup is operating in 11 cities – Hyderabad, Bengaluru, Delhi, Pune, Mumbai, Ahmedabad, Indore, Bhopal, Nagpur, Chandigarh and Jaipur.