Funding round
BharatPe Seed
BharatPe, which works in digital payment solutions development in South Delhi, raised $2.0M in a Seed round announced on 1 Oct 2018. 2 firms took part. It is BharatPe's first venture round on record.
$2.0M
Amount raised
Not disclosed
Post-money valuation
2
Investors
no lead named
Valuation
What this round says about the price
BharatPe did not disclose a valuation in this round. It is BharatPe's first venture round on record, in the year it was founded (2018). It is under 1% of the $555M BharatPe has raised in the venture rounds on record. BharatPe raised again 16 months later: a Series C round of $75M in Feb 2020, at $400M post-money.
BharatPe's funding rounds
BharatPe has 4 venture rounds on record and 8 other deals. This one is highlighted.
- Seed this round 1 Oct 2018 $2.0M
- Series C 24 Feb 2020, led by Coatue and Ribbit $75M$400M post-money
- Debt not a venture round 14 Jan 2021 $35M
- Debt not a venture round 17 Jan 2021 $20M
- Series D 12 Feb 2021, led by Coatue $108M$900M post-money
- Debt not a venture round 10 May 2021 $7.0M
- Series E 4 Aug 2021, led by Tiger Global $370M$2.85B post-money
- Debt not a venture round 19 Aug 2021 $27M
- Debt not a venture round 25 Oct 2021, led by MAS Financial Services $14M
- Debt not a venture round 19 Jan 2024, led by InnoVen Capital $100M
- Debt not a venture round 31 Jul 2024 $10M
- Debt not a venture round 6 May 2025, led by Neo Group and Trifecta Capital $15M
Investors
Who put money in
2 firms took part; no lead investor was named.
Investors
- Sequoia Capital India new investor
- backs 100 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, sales and marketing, scaling operations and working capital.
- Product development
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
37 Seed rounds in Payment Processing & Point of Sale within a year either side disclosed an amount; the median was $1.9M, and this round was close to the median. The closest in time, other companies' Seed rounds in Payment Processing & Point of Sale:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Payment Processing & Point of Sale | 25 Nov 2018 | $1.9M | not disclosed | not named |
| Payment Processing & Point of Sale | 30 Sep 2018 | $727K | not disclosed | not named |
| Payment Processing & Point of Sale | 18 Dec 2018 | $1.3M | not disclosed | not named |
| Payment Processing & Point of Sale | 1 Jan 2019 | $7.0M | not disclosed | AppWorks |
| Payment Processing & Point of Sale | 23 Jan 2019 | $4.0M | not disclosed | Greycroft and FJ Labs |
| Payment Processing & Point of Sale | 12 Jul 2018 | $3.3M | not disclosed | Freestyle VC |
| Payment Processing & Point of Sale | 4 Jul 2018 | $1.8M | not disclosed | Luge Capital and National Bank |
| Payment Processing & Point of Sale | 7 Jan 2019 | undisclosed | not disclosed | not named |
Sources
Where this comes from
Reported by 1 source.
Questions
Frequently asked
How much did BharatPe raise in its Seed round?
BharatPe raised $2.0M in its Seed round, announced in Oct 2018.
Which investors took part in BharatPe's Seed round?
Sequoia Capital India and BEENEXT.
What was BharatPe's valuation at the Seed round?
It was not disclosed.
How does it compare with other Seed rounds in Payment Processing & Point of Sale?
37 Seed rounds in Payment Processing & Point of Sale within a year either side disclosed an amount; the median was $1.9M, and this round was close to the median.
Did BharatPe raise again after this round?
Yes: a Series C round in Feb 2020 of $75M at $400M post-money.