Bharatpe in debt funding raised Rs 90 crores.

Bharatpe is a fintech startup that raised Rs 90 crore in debt funding from venture debt fund Alteria capital.

Bharatpe said they plan to raise rupees 250 crores during the debt round.

A company said Bharatpe is meeting the needs of the small merchants. we are planning to raise almost close to $700 million in the coming next two years.

Bharatpe is currently serving more than 50 lakh merchant across 65 cities in India.

Bharatpe is a QR code-based payment app that was founded in the year 2018. It was started for offline retailers and businesses.

The company was founded by Ashneer Grover, Shashwat Nakrani. They deal in apps, fintech, payments, and QR codes. Its headquarter is in the Asia Pacific.

Shishir Gupta, Founder & CEO of StartupLanes says, “Bharatpe is spreading its wings all across the Country, in even in the remote areas which is reasonable. They are meeting the needs of small merchants which is a great step towards development.
Congratulations to the team of BharatPay. I wish them all the best for a bright future.”