BharatPe close to hitting unicorn status with $108m in fresh funding

India-based fintech firm BharatPe announced it has raised US$108 million in its latest round of funding at a valuation of US$900 million.

More funding details

• Lead investor:  Coatue Management
• Returning investors: Ribbit Capital, Insight Partners, Steadview Capital, Beenext, Amplo and Sequoia Capital.
• Stage: Series D

More company updates

• The company said it raised US$90 million in a primary fundraise and ensured a secondary exit for its angel investors and employees for a total amount of US$18 million.
• BharatPe has raised a total of US$268 million in equity and debt to date.
• The fintech firm aims to deliver US$30 billion in total payment volume and build a loan book of US$700 million with small merchants by March 2023.
• The Indian firm has seen its payments business grow 5x and its lending business grow 10x over the last 12 months.

For more coverage about the company, head here. You can also click on the link below to view the company’s key details and funding history.