Fintech platform BharatPe raises $75 million in Series-C funding round

New-Delhi based fintech platform BharatPe has raised $75 million in a Series-C financing round, TechCrunch reported on Monday.

The funding round of the start-up, co-founded by Ashneer Grover and Shashvat Nakrani in 2018, was led by New York-headquartered hedge fund Coatue Management and existing investor Ribbit Capital, the report said.

Other participants in the round were VC firm Amplo and existing investors Steadview Capital and Insight Partners. With the latest funding round, the start-up is being valued at over $400 million. It has raised $140 million so far, the report said.