Skip to content
Join Telegram
Swadeshi Era
  • Home
  • About
  • CategoriesExpand
    • Aerospace IndustriesExpand
      • Data Pattern India limited | Data Pattern IPO Review, GMP, Updates
      • Paras Defence and Space Technology | Paras Defence Wiki.
    • Agriculture IndustriesExpand
      • India Pesticides Limited | IPL Wiki | IPO Review.
    • Automobile IndustriesExpand
      • CarTrade Tech Limited IPO | CarTrade Tech Wiki.
    • Chemical IndustriesExpand
      • Clean Science and Technology Limited | Clean Science Wiki.
      • Tatva Chintan Pharma Chem Limited | Tatva Chintan Pharma Wiki.
    • Fashion IndustriesExpand
      • Aditya Birla Fashion Retail Limited | ABFRL Share| Wiki.
      • Bewakoof Success Story | Bewakoof.com Wiki.
      • Boat Lifestyle Brand | Boat Audio Wiki.
      • Campus Activewear Limited | IPO Detail Review.
      • FSN E-Commerce Ventures | Nykaa Wiki.
      • Go Fashion | Go Colors Wiki.
      • Metro Shoes | Metro Brands Share Update
      • Vedanta Fashion limited | Manyavar IPO Review
      • Wildcraft Private Limited | Wildcraft Wiki.
    • Financial or FinTech IndustriesExpand
      • Aditya Birla Sun Life AMC Limited | Aditya Birla Sun Life Wiki.
      • ‘Bharat Pe’ Wiki | Payment App.
      • CRED FinTech Startup | CRED Startup Wiki.
      • Navi Technologies loans, Mutual Funds, Insurance Platform.
      • One MobiKwik System Limited IPO | MobiKwik Wiki
      • Policybazaar Wiki | PB Fintech limited
      • Star Health and Allied Insurance | Star Health Wiki
    • Food IndustriesExpand
      • Adani Wilmar | Fortune Oil IPO Review
      • Amul ( Anand Milk Union Limited) | AMUL Wiki.
      • Britannia Industries Limited | FMCG, Wiki.
      • Balaji Wafers Private Limited | Balaji Wafers Wiki.
      • Devyani International Limited | Devyani International Wiki.
      • Dodla Dairy Limited | Dodla Dairy Wiki.
      • Gopal Namkeen Private Limited | Wiki | Success Story.
      • Haldiram’s Foods International Pvt. Ltd. | Haldiram’s Wiki.
      • Parle Products Pvt Ltd | Parle-G Wiki.
      • Ravalgaon Sugar Farm Limited | Ravalgaon Chocolate Wiki.
      • Swiggy Food Delivery Startup | Swiggy Wiki.
      • Zomato Food Delivery | Zomato Startup Wiki.
    • Internet & Data IndustryExpand
      • Latent View Analytics | LatentView Wiki.
      • MapMyIndia Limited | MapMyIndia IPO, Review, GMP Updates.
      • Oyo Rooms | Oyo Wiki.
    • Investment IndustriesExpand
      • CoinDCX Crypto Exchange | Coindcx Wiki.
      • Upstox Discount Broker | Upstox Wiki.
      • WazirX Crypto Exchange | Wazirx Wiki.
    • Manufacturing IndustriesExpand
      • Tega Industries Limited | Tega Industries Wiki.
    • Metal IndustriesExpand
      • Shyam Metalics and Energy Limited | Shyam Metalics Wiki.
    • Pharmaceutical IndustriesExpand
      • Bharat Biotech International Limited | Covaxin Vaccine | Wiki.
      • Glenmark Life Science | Glenmark Life Science Wiki.
      • Medplus Health Services | Medplus Company Details
      • Pharmeasy Startup | PharmaEasy Wiki.
      • Tarsons Product Limited | Tarsons Product Wiki.
      • Windlas Biotech Pharma Company | Windlas Biotech Wiki.
  • Swadeshi Blog
  • Contact Us
Swadeshi Era

BharatPe India’s Leading Fintech Startup | Bharatpe Wiki.


Bharat Pe

Type-  Private.


Industry- Internet, Payment.

Category- Service.

Founded- 2018.

Founder- Ashneer Grover.

Headquarters- New Dehli.

Area served- India.

Key people- Shashvat Nakrani, Bhavik Koladiya.

Products & Services- Merchant Payment, Swipe Machine, Loan.


Revenue- 1600 Cr. ( 2020-21 Year).

Number of employees- 500 plus.


Website- https://bharatpe.com/


BharatPe is India’s rising merchant payment platform, it can accept payment from any payments app for free. Bharat Pe was founded in 2018 by Ashneer Grover and Shashvat Nakrani. Its headquarter is located in New Delhi, India.

Table of Contents

  • History-
  • Bharat Pe Services-
  • Controversy-
  • Updates

History-

BharatPe founders
Credit-Bharat Pe

BharatPe is an Indian-based start-up Company, it was started in 2018 by Shashvat Nakrani and Ashneer Grover. The company’s main aim is to empower millions of small merchants with a simple user interface.

In Oct 2018, Bharat Pe raised the US $ 2 million dollars funds through the seed round. BEENEXT and Sequoia capital India were the leading investors in seed round funding.
In 2019, the company also raised US $ 15.5 million dollars from its series A fund round and the US $ 50 million dollars from the Series B round. Sequoia Capital India, Insight Partners, Rabbit Capital, and Steadview capital are leading investors in series A and B. Bharat Pe launched India’s zero MDR debit card and Credit card acceptance platform Bharat Swipe in the 2020 post-Covid-19 pandemic.

In Nov 2020, Bharat Pe surpassed Google pay to take the No. 3 position in the UPI P2M category. The company has grown rapidly in the last two years by building a well-maintained merchant network. It has 5 million merchant users across the 65 cities in the country. Bharat Pe is the largest B2B FinTech lender in India today. It has deployed 50,000 PoS machines and enables the transaction of more than Rs 900 Crore per month through PoS machines.

Currently, PoS machines are present in 75 cities in India.
In 2021, Bharat Pe acquired the multi-brand loyalty points platform PAYBACK INDIA for US $ 27 million dollars. The acquisition gives an exit to American express and ICICI investment strategic fund, which holds 90% and 10% stake respectively. PAYBACK India will continue to work independently after the acquisition.

Bharat Pe Services-

BharatPe services
Credit-Bharat Pe

Bharatpe provides financial services to small merchants, grocery stores, and shops. The merchant owner can accept payment from any paid apps for free of charge. It can have them up to 12% interest on accepted payments and even take a loan whenever they want. Bharat Pe makes payment acceptance simple by offering a single QR code to accept all payments apps such as Phone Pe, BHIM, Paytm, Google Pay, Mobikwik, and 150 plus other apps. It has made all payments acceptance-free for all shops and merchants without any transaction charges.

The company currently serves over 50 lakh customers and merchants across the country and is the leading company in UPI offline transactions. Bharat Swipe is India’s first zero-free swipe machine for merchants. No monthly charges and no monthly rental, Get payment receipt for both QR and Card transactions.

Controversy-

BharatPe Vs PhonePe

Digital investment company Phone Pe has filed a complaint against BharatPe in Delhi high court. It alleged violation of its trademark Pe suffix in May 2019. In April 2021, the High court rejected Phone Pe’s plea to issue an injunction against Bharat Pe.

According to the High court order issued on 15 April a single-judge bench of justice, C. Hari Shankar said, “ The evidence presented at court is insufficient to come to a final conclusion, that the Pe suffix would, in the public consciousness, indelibly be associated with plaintiff Phone Pe services. In July 2021, phone or has withdrawn its injunction plea, against Bharat Pe over the use of the ‘Pe’ suffix as it prepares to go for a full trial.

  • Bharat has also found the involvement of the Grover family and relatives in the extensive misappropriation of the company’s funds. “The board will not allow the deplorable conduct of the Grover family to tarnish BharatPe’s reputation or that of its hard-working employees and world-class technology.

Updates

  • The Reserve Bank of India (RBI) on 12 October 2021 issued a Small Finance Bank license to the consortium of Centrum Financial Services Limited (Centrum) and Bharat pe.
  • Bombay HC: PhonePe cannot claim exclusivity over ‘Pe’, in a tussle with BharatPe, The Bombay High Court has said that PhonePe can’t claim exclusivity over the mark ‘Pe’ in its suit against BharatPe’s usage of the suffix for its Buy Now Pay Later (BNPL) platform PostPe.

Register Office
 

Address-A-45, Corner Market, Malviya Nagar, Opp.Panchshila Rendezvous.
 

City- New Dehli.

 
 State- Dehli, India

 
 Pin Code-110017

 
Email-

 legal_support@bharatpe.com

 
Tel.No-011-39595733

Toll Free- 888 2555 444

 
Web Site- https://bharatpe.com

Management
 
 Ashneer Grover

CEO & Founder

 
  Shashvat Nakrani
Co-Founder

 
 Bhavik Koladiya
Group Head - Product & Technology

 
 Suhail Sameer
Group President

 
  Jasneet Kaur
Chief Human Resources Office


 

Industry Info
 
 Type- Private

 

Founded- 2018

 
 Area Served- India

 
 Parent- Resilient Innovations Pvt Ltd


 

 Fund Raise- $ 290 million
 



Details

 
 BSE: NA



 
 NSE: NA

 
 Series- NA


 
 ISIN: NA
 



 

Recent Posts

  • 2021 Pharma Unicorn Startups | Indian Unicorn Startups
  • Top Start-Ups IPO On Watchlist Of 2022.
  • 2021 Top NFT Collection Launched By Indian Celebrities
  • 2021 Top 10 Biggest IPO Listed on Stock Exchanges
  • Best NFT Platforms Available In India | How to Mint NFT Using Decentralized Platforms
Search

Categories

Facebook Twitter Instagram Telegram Pinterest
  • About
  • Privacy Policy
  • Disclaimer
  • Terms & Conditions
  • Swadeshi Products List | Indian Brands List | Vocal For Local.

© 2022 Swadeshi Era - WordPress Theme by Kadence WP

Scroll to top
  • Home
  • About
  • Categories
    • Aerospace Industries
      • Data Pattern India limited | Data Pattern IPO Review, GMP, Updates
      • Paras Defence and Space Technology | Paras Defence Wiki.
    • Agriculture Industries
      • India Pesticides Limited | IPL Wiki | IPO Review.
    • Automobile Industries
      • CarTrade Tech Limited IPO | CarTrade Tech Wiki.
    • Chemical Industries
      • Clean Science and Technology Limited | Clean Science Wiki.
      • Tatva Chintan Pharma Chem Limited | Tatva Chintan Pharma Wiki.
    • Fashion Industries
      • Aditya Birla Fashion Retail Limited | ABFRL Share| Wiki.
      • Bewakoof Success Story | Bewakoof.com Wiki.
      • Boat Lifestyle Brand | Boat Audio Wiki.
      • Campus Activewear Limited | IPO Detail Review.
      • FSN E-Commerce Ventures | Nykaa Wiki.
      • Go Fashion | Go Colors Wiki.
      • Metro Shoes | Metro Brands Share Update
      • Vedanta Fashion limited | Manyavar IPO Review
      • Wildcraft Private Limited | Wildcraft Wiki.
    • Financial or FinTech Industries
      • Aditya Birla Sun Life AMC Limited | Aditya Birla Sun Life Wiki.
      • ‘Bharat Pe’ Wiki | Payment App.
      • CRED FinTech Startup | CRED Startup Wiki.
      • Navi Technologies loans, Mutual Funds, Insurance Platform.
      • One MobiKwik System Limited IPO | MobiKwik Wiki
      • Policybazaar Wiki | PB Fintech limited
      • Star Health and Allied Insurance | Star Health Wiki
    • Food Industries
      • Adani Wilmar | Fortune Oil IPO Review
      • Amul ( Anand Milk Union Limited) | AMUL Wiki.
      • Britannia Industries Limited | FMCG, Wiki.
      • Balaji Wafers Private Limited | Balaji Wafers Wiki.
      • Devyani International Limited | Devyani International Wiki.
      • Dodla Dairy Limited | Dodla Dairy Wiki.
      • Gopal Namkeen Private Limited | Wiki | Success Story.
      • Haldiram’s Foods International Pvt. Ltd. | Haldiram’s Wiki.
      • Parle Products Pvt Ltd | Parle-G Wiki.
      • Ravalgaon Sugar Farm Limited | Ravalgaon Chocolate Wiki.
      • Swiggy Food Delivery Startup | Swiggy Wiki.
      • Zomato Food Delivery | Zomato Startup Wiki.
    • Internet & Data Industry
      • Latent View Analytics | LatentView Wiki.
      • MapMyIndia Limited | MapMyIndia IPO, Review, GMP Updates.
      • Oyo Rooms | Oyo Wiki.
    • Investment Industries
      • CoinDCX Crypto Exchange | Coindcx Wiki.
      • Upstox Discount Broker | Upstox Wiki.
      • WazirX Crypto Exchange | Wazirx Wiki.
    • Manufacturing Industries
      • Tega Industries Limited | Tega Industries Wiki.
    • Metal Industries
      • Shyam Metalics and Energy Limited | Shyam Metalics Wiki.
    • Pharmaceutical Industries
      • Bharat Biotech International Limited | Covaxin Vaccine | Wiki.
      • Glenmark Life Science | Glenmark Life Science Wiki.
      • Medplus Health Services | Medplus Company Details
      • Pharmeasy Startup | PharmaEasy Wiki.
      • Tarsons Product Limited | Tarsons Product Wiki.
      • Windlas Biotech Pharma Company | Windlas Biotech Wiki.
  • Swadeshi Blog
  • Contact Us
 

Loading Comments...