Total amount raised
$1.2 Million
Latest funding date
06/01/2023
Location
BharatNXT has successfully raised funds through a seed round, with Inflection Point Ventures leading the investment. The platform enables businesses to make payments using their existing credit cards, offering benefits like extra credit days and instant rewards.
Keep reading to explore the intricacies of BharatNXT's fundraising journey and the investors backing this innovative platform.
What Is BharatNXT?
BharatNXT is a B2B fintech platform based in Ghatkopar, Maharashtra, India. The company operates in the financial services, fintech, and payments industries. It is a private company with an employee count ranging from 11 to 50.
The platform allows businesses to make payments using their existing credit cards, offering benefits like up to 50 days of extra credit and instant rewards. BharatNXT aims to help businesses manage their cash flow more effectively and securely.
How Much Funding Has BharatNXT Raised?
- Seed Round
- Amount Raised: USD 1,200,000
- Date: June 2023
- Lead Investors: Inflection Point Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: The funds will be used for product development, expanding the team size by four times, and enhancing the scalability of the core technology to accommodate ten times the current growth.
Total Amount Raised: USD 1,200,000. Current Valuation: Not publicly disclosed.
Key Investors
- Inflection Point Ventures (IPV)
- Details: Inflection Point Ventures is an angel investing platform with over 7400 CXOs, HNIs, and professionals. It led the seed funding round for BharatNXT.
- Investment Focus Areas: Pre-Series A to Series B growth-stage startups.
- Notable Investments: BharatNXT, over INR 550 Cr across 170+ deals.
- Spiral Ventures
- Details: Spiral Ventures is a Japanese venture capital firm. It participated in the seed funding round for BharatNXT.
- Investment Focus Areas: Early to growth-stage investments.
- Notable Investments: Not explicitly mentioned.
- Keiretsu Forums
- Details: Keiretsu Forums is a global investment community of accredited private equity angel investors, venture capitalists, and corporate/institutional investors. It was one of the investors in BharatNXT's seed round.
- Investment Focus Areas: Early to growth-stage investments.
- Notable Investments: Not explicitly mentioned.
- Panthera Peak Capital
- Details: Panthera Peak Capital is a Japanese venture capital firm. It also participated in the seed funding round for BharatNXT.
- Investment Focus Areas: Early to growth-stage investments.
- Notable Investments: Not explicitly mentioned.
What's Next for BharatNXT?
With the recent seed funding, BharatNXT is poised to capitalize on significant opportunities in the fintech sector. The platform's ability to enable SMEs to use their existing credit cards for business payments opens up a market projected to reach $200-300 billion in the next few years. This growth potential is further amplified by the company's plans to expand its team and enhance its technology to support ten times the current growth.
Future fundraising opportunities look promising, especially with Inflection Point Ventures' $50 million CAT 2 AIF Physis Capital aimed at pre-Series A to Series B startups. This could provide BharatNXT with the necessary capital to scale operations and explore new business models focused on inclusion and credit. However, the company will need to navigate challenges such as ensuring the scalability of their technology and maintaining transaction accuracy as they grow.
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