BharatPe Journey

BharatPe's Founder and History

BharatPe is a big player in India in Fintech - Payments industry in India.

It also included in the list of 50+ unicorns in India due to its success in the digital payments.

And also a key player in financial services to small merchants and other kind of retailers like grocery stores.

According to Wikipedia Peerzada Abrar (Journalist at Business Standard) written about BharatPe that it founded in April, 2018.

He also written that it was founded by two Indian entrepreneurs named Ashneer Grover, Shashvat Nakrani at New Delhi, India.

Since it founded it working as a digital payment platform or financial services providers.

Currently It's owned by its parent company Resilient Innovations Private Limited.

Its parent company  is a Indian company who provides software solutions to its clients or partners.

Its working process is very simple, it offer a service to small merchants of receiving digital payments from customers.

The one of the best thing of BharatPe is that, the founders of this platform never charge any amount from the merchants for their digital payments.

Now the question is that what is the way by which this platform is going to earn profit or money.

The answer is that this platform also offer loan services to merchants.

From the given loan it earn a decent percent of amount as a interest which is the most important part of working model of BharatPe.

BharatPe Unicorn Status

By providing financial services this platform also earn a decent amount of profit which help it to become a leading unicorn of India.

After 3 years of successful operations of it become a unicorn after 3 years of its foundation in August, 2021 with its entry valuation of 2.8 billions dollars.

BharatPe Investors

Some of the major peoples or companies who invested in BharatPe are like Beenext, Sequoia Capital India, Tiger Global, Steadview Capital.

Venture Intelligence reported that their was no changes available in the valuation of BharatPe.

It means its still 2.8 billion dollars, the reason can be no funding from investors after becoming a unicorn of India August, 2021.

Becoming a unicorn with in the 3 years after foundation for any  Fintech platform not a easy task.

But it become a unicorn in very sort time which underscores the successful strategy of BharatPe.