BharatPe Raises $650 Million to Accelerate India's Payment Revolution and Merchant Empowerment

BharatPe is thrilled to announce its latest funding round, raising ₹650,000,000 to further expand its mission of making financial inclusion a reality for Indian merchants. Founded in 2018, BharatPe has since revolutionized the way commerce is conducted across India by introducing pioneering payment solutions that empower millions of merchants. The company first captured the market’s attention with India’s first UPI interoperable QR code, followed by the introduction of a zero MDR payment acceptance service, and later, launching BharatSwipe – India’s only zero MDR card acceptance terminal. Today, BharatPe proudly serves over 1 million merchants across 400+ cities, processing an annualized Transaction Processed Value of US$ 26 billion in payments, proving its unmatched leadership in UPI offline transactions. This fresh capital injection of ₹650,000,000 is dedicated to accelerating BharatPe’s growth initiatives. The funding will be strategically allocated towards enhancing its technology infrastructure, broadening its product portfolio, and extending its market reach to even more underserved regions. As part of its ongoing commitment to empower merchants, BharatPe will also channel resources into expanding its loan disbursement capabilities, which have already facilitated financing totaling over ₹10000 crores since launch. The company continues to strengthen its position as a financial catalyst for small businesses, ensuring they have the tools needed not just to survive, but to thrive in an evolving digital economy. With an impressive track record supported by marquee investors such as Tiger Global, Dragoneer Investment Group, and Sequoia Capital (now Peak XV Partners), BharatPe is set to revolutionize the financial landscape further. This new funding milestone marks a significant step forward in bolstering the financial backbone of India’s merchant community.