BharatPe raises $370 million funding led by Tiger Global
The Hindu
Ashneer Grover has been elevated to Co-founder and Managing Director, while Suhail Sameer has been appointed as the CEO.
BharatPe on Wednesday said it has raised $370 million (about ₹2,745.8 crore) in funding, led by Tiger Global that has pushed the merchant payment and lending service provider's post-money valuation to $2.85 billion. The series E round included a secondary component of $20 million, a statement said. Staff holding vested employee stock option plan (ESOPs) have been given full liquidity in the secondary, it added.
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