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Miguel Cordon · · 1 min readIndian fintech startup BharatPe eyes $350m fundraise from Tiger Global, others
“BharatPe is likely to become India’s next unicorn with New York-based Tiger Global Management set to spearhead a likely investment of about US$350 million in the fintech startup at a valuation of more than US$2 billion,” Livemint reported, citing two people with knowledge of the matter.
Details:
- Tiger Global is reportedly contributing US$100 million in the new round.
- BharatPe’s existing backers Coatue Management and Ribbit Capital are also expected to participate in the fundraise.
Dive deeper:
- The funding round comes after BharatPe made its first acquisition deal by snapping up loyalty program firm Payback India for an undisclosed sum.
- The fintech firm in May this year also raised US$6.8 million in debt earlier this year from digital finance platform Northern Arc Capital, its sixth round of debt financing in 2021.
Editing by Collin Furtado and Eileen C. Ang
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