TajWoolcock75 at 04:14, 19 November 2025

2025-11-19T04:14:03Z

New page

{{short description|Indian Financial Technology Company}}
{{Use dmy dates|date=August 2020}}
{{Infobox website
| name = BharatPe
| logo = BharatPe logo.svg
| screenshot =
| company_type = [[Privately held company|Private]]
| founded = {{start date and age|2018}}
| key_people = Nalin Negi (CFO) Ankur Jain (CPO) Aparna Kuppuswamy (CRO) Ajit Kumar (CTO) Parth Joshi (CMO)
| industry = [[Internet]] [[E-commerce]]
| type = [[Financial service]]
| founder = Ashneer Grover Shashvat Nakrani Bhavik Koladiya
| chairman = [[Rajnish Kumar (banker)|Rajnish Kumar]]
| location = [[New Delhi]]
| country = [[India]]
| area_served = India
| language = [[Multilingual]]
| commercial = Yes
| registration = Required
| users =
| services = UPI payments and digital money lending for merchants
| revenue = {{increase}} {{INRconvert|1700|c}} (FY24)<ref>{{cite news |title=BharatPe's revenue crosses Rs 1,000 Cr in FY23|url=https://entrackr.com/2023/12/exclusive-bharatpes-revenue-crosses-rs-1000-cr-in-fy23/ |access-date=26 January 2023 |work=Entrackr}}</ref>
| net_income = {{increase}} {{INRconvert|66|c}} (FY24)
| current_status = Active
| parent = Resilient Innovations Private Limited
| subsidiaries =
| website = {{URL|https://bharatpe.com/}}
}}

'''BharatPe''' is an Indian [[fintech]] company that sells digital payment and [[financial services]] to small merchants and [[kirana store|Grocery store]]s.<ref>{{cite web |title=BharatPe acquires loyalty platform PAYBACK, aims to expand merchant base to 20 million by 2023 |url=https://www.cnbctv18.com/business/companies/bharatpe-acquires-loyalty-platform-payback-aims-to-expand-merchant-base-to-20-million-by-2023-9611421.htm |website=www.cnbctv18.com |language=en |date=10 June 2021}}</ref><ref name="Bureau 2024 c015">{{cite web | last=Bureau | first=BL Bengaluru | title=BharatPe marks close of $100 m debt round | website=BusinessLine | date=2024-01-19 | url=https://www.thehindubusinessline.com/money-and-banking/bharatpe-marks-close-of-100-m-debt-round/article67756458.ece | access-date=2024-03-10}}</ref><ref name="Dey 2024 v345">{{cite web | last=Dey | first=Asmita | title=BharatPe, MobiKwik see surge in new merchants | website=The Times of India | date=2024-02-17 | url=https://timesofindia.indiatimes.com/business/india-business/bharatpe-mobikwik-see-surge-in-new-merchants/articleshow/107766615.cms | access-date=2024-03-10}}</ref><ref name="Das 2023 i608">{{cite web | last=Das | first=Basudha | title=BharatPe turns profitable 5 years after launch, reports annualised revenue of Rs 1,500 crore | website=Business Today | date=2023-11-28 | url=https://www.businesstoday.in/latest/corporate/story/bharatpe-turns-profitable-5-years-after-launch-reports-annualised-revenue-of-rs-1500-cr-407385-2023-11-28 | access-date=2024-03-10}}</ref>

== History ==
According to Peerzada Abrar of ''[[Business Standard]]'', "BharatPe was founded in 2018 by Ashneer Grover and Shashvat Nakrani, with the vision of making financial inclusion a reality for Indian merchants."<ref name=Abrar>{{cite news |last1=Abrar |first1=Peerzada |title=BharatPe's valuation crosses $2.85 bn in $370 mn in Series E equity round |url=https://www.business-standard.com/article/companies/bharatpe-s-valuation-crosses-2-85-bn-in-370-mn-in-series-e-equity-round-121080400340_1.html |website=Business Standard India |date=4 August 2021}}</ref>

In 2021, the company acquired Payback India, a "multi-brand loyalty programme".<ref>{{cite web |title=Valued at $2.85 billion, Bharat Pe raises fresh $370 million in funding led by Tiger Global |url=https://www.financialexpress.com/industry/valued-at-2-85-billion-bharat-pe-raises-fresh-370-million-in-funding-led-by-tiger-global/2304447/ |website=The Financial Express |date=5 August 2021}}</ref><ref>{{cite web |last1=Ranjan |first1=Abhinav |title=BharatPe acquires loyalty platform Payback India |url=https://www.indiatvnews.com/business/news-bharatpe-acquires-payback-india-710657 |website=www.indiatvnews.com |language=en |date=10 June 2021}}</ref>

In April 2024, BharatPe elevated Nalin Negi as its CEO, 15 months after he took over as the interim CEO and CFO in January 2023.<ref>{{cite news |title=BharatPe elevates Nalin Negi as CEO|url=https://www.livemint.com/companies/news/bharatpe-names-nalin-negi-as-new-ceo-11713247569750.html |access-date=2024-04-16|work=Mint |date=16 April 2024}}</ref>

On 20 August 2024, BharatPe announced extending its credit offerings for its merchants to secured loans. The company will now enable secured two-wheeler loans and Loans Against Mutual Funds (LAMF) through lending partners OTO Capital for two-wheeler loans and Volt Money for LAMF.<ref name=":0">{{Cite web |date=2024-08-20 |title=BharatPe to now offer collateral-free loans to merchants; partners with OTO Capital, Volt Money |url=https://www.financialexpress.com/business/sme/bharatpe-to-now-offer-collateral-free-loans-to-merchants-partners-with-oto-capital-volt-money/3587587/ |access-date=2024-08-21 |website=Financialexpress |language=en}}</ref><ref>{{Cite news |title=BharatPe launches secured loans for merchants, expands credit offerings |url=https://www.business-standard.com/companies/news/bharatpe-launches-secured-loans-for-merchants-expands-credit-offerings-124082000657_1.html}}</ref>

=== 2023 data theft allegations ===
In 2023 Ashneer Grover, who had left the company, accused his fellow co-founder Bhavik Koladiya of data theft. Grover claimed that Koladiya, who has since left BharatPe, had stolen data of 150 million users.<ref>{{cite news |url=https://www.freepressjournal.in/business/ashneer-grover-accuses-bharatpe-co-founder-of-biggest-data-theft-in-india |title=Ashneer Grover accuses BharatPe co-founder of biggest data theft in India |date=February 9, 2023 |publisher=The Free Press Journal}}</ref>
In November 2023, BharatPe filed a petition against Ashneer Grover for allegedly disclosing confidential information.<ref name="Banthia 2023 o099">{{cite web | last=Banthia | first=Jyoti | title=BharatPe files petition against Ashneer Grover for divulging confidential information | website=BusinessLine | date=2023-11-24 | url=https://www.thehindubusinessline.com/money-and-banking/bharatpe-files-petition-against-ashneer-grover-for-divulging-confidential-information/article67569658.ece | access-date=2024-03-10}}</ref> BharatPe announced on Sep 30 2024 that it had reached a settlement with him. Under this agreement, a portion of his shares will be transferred to the Resilient Growth Trust. Both sides have consented to refrain from any legal proceedings as part of the settlement.<ref>{{Cite web |date=2024-09-30 |title=Ashneer Grover settles with BharatPe after ugly legal battle, ends ties to firm |url=https://www.indiatoday.in/business/story/ashneer-grover-settles-legal-dispute-with-bharatpe-ends-all-company-ties-2608545-2024-09-30 |access-date=2024-12-02 |website=India Today |language=en}}</ref>

== Investments ==
BharatPe has a stake in Unity Small Finance Bank.<ref>{{Cite web |date=2023-06-19 |title=BharatPe nominates Partha Pratim Sengupta to Unity Small Finance Bank board |url=https://www.cnbctv18.com/business/companies/bharatpe-partha-pratim-sengupta-unity-small-finance-bank-16972181.htm |access-date=2023-08-14 |website=cnbctv18.com |language=en}}</ref>

== Subsidiaries ==
{{Unreferenced section|date=June 2024}}
* Loyalty Solutions & Research Private Limited
* Resilient Payments Private Limited<ref>{{Cite web |last= |first= |date=2023-01-11 |title=BharatPe gets payment aggregator licence from RBI |url=https://www.newindianexpress.com/business/2023/Jan/11/bharatpegets-paymentaggregatorlicence-from-rbi-2536745.html |access-date=2024-06-04 |website=The New Indian Express |language=en}}</ref>
* Resilient Digi Services Private Limited (formerly Resilient TechServ Pvt Ltd)
* Resilient Capital Private Limited
* Trillionloans Fintech Private Limited

== PostPe ==
In October 2021 BharatPe launched the country's first BNPL (Buy Now Pay Later) product.<ref name="Das 2023 i608">{{cite web | last=Das | first=Basudha | title=BharatPe turns profitable 5 years after launch, reports annualised revenue of Rs 1,500 crore | website=Business Today | date=2023-11-28 | url=https://www.businesstoday.in/latest/corporate/story/bharatpe-turns-profitable-5-years-after-launch-reports-annualised-revenue-of-rs-1500-cr-407385-2023-11-28 | access-date=2024-03-10}}</ref>

==References==
{{reflist}}

==External links==
* {{official|https://bharatpe.com/}}

{{FinTech in India}}

[[Category:Financial services companies established in 2018]]
[[Category:Payment service providers]]
[[Category:Online payments]]
[[Category:Mobile payments in India]]

BharatPe - Revision history

TajWoolcock75 at 04:14, 19 November 2025