As per reports, BharatPe is in talks to raise a new round of funding that could value the fintech unicorn at nearly $3.8-4 billion.
Resilient Innovations Pvt. Ltd, which runs the BharatPe payments service, plans to raise at least $150 million in the Series F transaction.
BharatPe is currently serving more than 7.5 million merchants in more than 140 cities and claims to process over 110 million UPI transactions per month, according to the company website.
In addition, since its launch, the company claims to have disbursed loans worth ₹2,800 crore to more than 300,000 merchants.
The company had also secured several rounds of debt financing. The latest such infusion was in October when it raised ₹100 crore in debt from non-banking financial company MAS Financial Services Pvt. Ltd.
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