BharatPe, a New Delhi-based startup that is enabling hundreds of thousands of merchants to accept digital payments for the first time and also providing them with access to working capital, has raised USD 75 million in a new financing round as it looks to scale its business in the nation.
The Series C round for the one-and-a-half-year-old startup was led by New York-headquartered hedge fund Coatue Management and existing investor Palo Alto-based fintech investor Ribbit Capital .
VC firm Amplo, and existing investors Steadview Capital and Insight Partners also participated in the round, which valued the startup at over USD 400 million.
Source: TechCrunch
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