BharatPe close to unicorn tag with $108 mn funding

Lending and digital payments startup BharatPe has raised close to $108 million in Series D primary and secondary equity funding led by existing investor New York-headquartered hedge fund Coatue Management at a valuation of $900 million, said a company executive.

All of BharatPe’s seven investors including Ribbit Capital, Insight Partners, Steadview Capital, Beenext, Amplo and Sequoia Capital participated in this round. The primary infusion constituted $90 million of the total fund-raise, with $18 million secondary funding, providing an exit to most of its angel investors.

The funding comes a year after it raised $75 million in its Series C funding round in February 2020.