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Total amount raised
$837M
Latest funding date
2026-03-07
Location
BharatPe has successfully raised funding over 16 rounds, with the latest being a Secondary Market round. The company is backed by 30 investors, including Cayroz 360One and Twinroots.
Keep reading to explore the intricacies of BharatPe's fundraising journey and the investors backing this innovative financial services platform.
BharatPe has raised funding across multiple rounds backed by investors including Tiger Global, Coatue, Ribbit Capital, and Insight Partners.
Keep reading to explore BharatPe's fundraising journey, from its 2018 seed round to its latest debt financing in March 2026.
What Is BharatPe?
BharatPe is an Indian fintech company founded in 2018, headquartered in New Delhi. The platform provides digital payment and financial services to small merchants and offline businesses across India. Its flagship product is a unified QR code that allows merchants to accept payments via UPI from any app. In addition to payments, BharatPe offers short-term merchant loans and other financial products, and has grown to serve over 1.7 crore merchants nationwide.
How Much Funding Has BharatPe Raised?
- Seed Round
- Amount Raised: USD 2,960,000
- Date: July 2018
- Lead Investors: Beenext, Peak XV Partners (Sequoia Capital India), Saam Partners
- Other Participants: Venture Catalysts, Utsav Somani, and several angel investors
- Series A
- Amount Raised: USD 15,600,000
- Date: March 2019
- Lead Investors: Insight Partners
- Other Participants: Beenext, Peak XV Partners (Sequoia Capital India)
- Series B
- Amount Raised: USD 50,000,000
- Date: August 2019
- Lead Investors: Ribbit Capital, Steadview Capital
- Other Participants: Beenext, Insight Partners, Peak XV Partners
- Series C
- Amount Raised: USD 75,000,000
- Date: February 2020
- Lead Investors: Coatue, Ribbit Capital
- Other Participants: Amplo, Insight Partners, Steadview Capital
- Series D
- Amount Raised: USD 90,100,000
- Date: February 2021
- Lead Investors: Coatue
- Other Participants: Ribbit Capital, Insight Partners, Steadview Capital, Beenext, Amplo, Peak XV Partners
- Venture Debt (Innoven Capital)
- Amount Raised: USD 8,200,000
- Date: January 2021
- Lead Investors: InnoVen Capital
- Venture Debt (Alteria Capital)
- Amount Raised: USD 12,300,000
- Date: January 2021
- Lead Investors: Alteria Capital
- Conventional Debt (ICICI Bank)
- Amount Raised: USD 6,680,000
- Date: January 2021
- Lead Investors: ICICI Bank
- Venture Debt (Trifecta Capital)
- Amount Raised: USD 6,820,000
- Date: January 2021
- Lead Investors: Trifecta Capital
- Series E
- Amount Raised: USD 370,000,000
- Date: August 2021
- Lead Investors: Tiger Global Management
- Other Participants: Dragoneer Investment Group, Steadfast Capital, Coatue, Insight Partners, Ribbit Capital, Amplo, Peak XV Partners
- Post-Money Valuation: USD 2.85 Billion (unicorn milestone)
- Conventional Debt (360 One, Northern Arc)
- Amount Raised: USD 29,600,000
- Date: August 2021
- Lead Investors: 360 One, Northern Arc Capital
- Conventional Debt (Mas Financial)
- Amount Raised: USD 13,300,000
- Date: October 2021
- Lead Investors: Mas Financial Services
- Debt Financing (InnoVen Capital)
- Amount Raised: USD 100,000,000
- Date: January 2024
- Lead Investors: InnoVen Capital
- Debt Financing (Trifecta, InnoVen)
- Amount Raised: USD 10,200,000
- Date: July 2024
- Lead Investors: Trifecta Capital, InnoVen Capital
- Debt Financing (Neo Wealth, Trifecta)
- Amount Raised: USD 17,330,000 (approx. INR 150 Cr)
- Date: January 2025
- Lead Investors: Neo Wealth and Asset Management, Trifecta Capital
- Debt Financing (Neo Group, Trifecta)
- Amount Raised: USD 15,000,000 (approx. INR 125 Cr)
- Date: May 2025
- Lead Investors: Neo Group, Trifecta Capital
- Debt Financing (Neo Group)
- Amount Raised: USD 5,200,000 (approx. INR 45 Cr)
- Date: December 2025
- Lead Investors: Neo Group
- Debt Financing (RevX Capital, Arvesta, Neo Prime Fund)
- Amount Raised: USD 10,000,000 (approx. INR 90 Cr)
- Date: March 2026
- Lead Investors: RevX Capital
- Other Participants: Arvesta Financial Services, Neo Prime Fund
Total Amount Raised: At least $837M based on disclosed funding rounds.
Key Investors
- Tiger Global Management
- Details: Led BharatPe's Series E round in August 2021, the company's largest equity raise of $370 million, which propelled BharatPe to unicorn status at a $2.85 billion valuation.
- Coatue Management
- Details: Led the Series D round in February 2021 and co-led the Series C in February 2020. Long-standing equity backer and reportedly in advanced talks to lead the pre-IPO round.
- Ribbit Capital
- Details: Co-led the Series B (August 2019) and Series C (February 2020). Participated in Series D and Series E as well.
- Insight Partners
- Details: Led the Series A in March 2019 and participated in subsequent rounds through Series E.
- InnoVen Capital
- Details: Participated in multiple debt rounds, including the $100 million debt round in January 2024 and the July 2024 venture debt round.
- Peak XV Partners (formerly Sequoia Capital India)
- Details: Early backer since the 2018 Seed round and participated through Series E.
- Trifecta Capital
- Details: Recurring debt investor, participating in multiple debt rounds from 2021 through May 2025.
- Neo Group
- Details: Led or co-led multiple debt rounds in 2024–2026, including the January 2025, May 2025, and December 2025 tranches.
What's Next for BharatPe?
BharatPe is actively positioning itself for an IPO, with CEO Nalin Negi confirming pre-IPO fundraising plans. The company achieved adjusted profitability in FY25 (profit before tax of INR 6 crore, excluding ESOP costs) and is targeting full PAT-positive status before filing its DRHP. BharatPe is also awaiting final RBI approval to operate as a payment aggregator, which would expand its addressable market. With a robust merchant network and a growing lending arm, BharatPe aims to solidify its position as a leading fintech player in India ahead of its public market debut.
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