- No. of Employees1810
- Founded Year 2018
- Company StagePrivate Limited Company
- Total Funding₹5,264.49 Cr
- Industry
- Headquarter
- Company StatusActive
BharatPe was co founded by Ashneer Grover and Shashvat Nakrani in 2018 with the vision to make financial inclusion a reality for Indian merchants BharatPe launched India s first UPI interoperable QR code first ZERO MDR payment acceptance service and first UPI payment backed merchant cash advance service In 2020 post Covid BharatPe also launched India s only ZERO MDR card acceptance terminals BharatSwipe Currently serving over 50 lakh merchants across 35 cities the company has grown business 30x in 2019 and is a leader in UPI offline transactions having processed 5 crore UPI transactions a month annualized TPV of US 5 Bn The company's list of marquee investors includes Beenext Sequoia SteadView Capital Ribbit Capital Coatue Management LLC Insight Partners and Amplo.
BharatPe is a merchant-focused payment app that runs on UPI’s own QR codes to enable instantpayments settlement. The company offers a single interface for all UPI apps such as Paytm, PhonePe, Google Pay, BHIM, Mobikwik, Freecharge, True Caller and others to credit directly to the merchant’s bank account. With more than 200,000 merchant base, BharatPe claims to have processed over 700,000 transactions valued at over Rs 150 crore.
- Peak XV Partners, Ribbit Capital, Coatue, Grace Software Holdings, Beenext