Bharatpe joins the Unicorn club, valuation touches $ 2.85 bn
Bharatpe joins the Unicorn club, valuation touches $ 2.85 bn: Merchant payments and financial services provider BharatPe has raised $370 million in a primary and secondary mix, as a part of a Series E funding round led by new investor New York-based Tiger Global Management . Its valuation rose more than threefold to $2.85 billion in just six months time. BharatPe becomes 19th unicorn in 2021 with $370 Mn round led by Tiger Global. The fintech company had raised $108 million in February this year at a valuation of $900 million. Ashneer Grover , the co-founder of BharatPe will assume the role of managing director at the company and will continue driving its strategy, technology and product functions, as well as managing capital fundraising.This is a three-fold jump in the company’s valuation within six months. It was valued at around $922 million during its last fundraise in February. BharatPe has also made significant changes to its to...