Private Equity

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BharatPe in talks to raise $250-M led by Tiger Global

Business Standard  

Fintech firm BharatPe is in talks to raise USD 250 million in its next funding round led by Tiger Global. The fresh funding will take the company's valuation to about USD 2.5 billion. The fintech company has already facilitated disbursals of over INR 1,600 crore to more than 2 lakh merchants since the launch of the lending vertical. BharatPe had raised INR 250 crore as venture debt in 2021 from Northern Arc Capital, Alteria Capital, InnoVen and Trifecta Capital. The company had later raised additional debt from ICICI and Axis Bank.

From the Venture Intelligence PE-VC Deal Database: Between Nov-18 and Feb-20, BharatPe had raised more than INR 1,000 crore from Coatue Management, Ribbit Capital, Steadview Capital, Insight Venture Partners, Beenext and Sequoia Capital India. (Subscribers to the database can login to view the valuation, deal structuring and other transaction details.)