Type of business | Private |
---|---|
Type of site | Financial service |
Available in | Multilingual |
Founded | 2018 |
Headquarters | New Delhi, |
Area served | India |
Founder(s) | Ashneer Grover Shashvat Nakrani Bhavik Koladiya |
Chairman | Rajnish Kumar |
Key people | Nalin Negi (CFO) Ankur Jain (CPO) Aparna Kuppuswamy (CRO) Pankaj Goel (CTO) Parth Joshi (CMO) |
Industry | Internet E-commerce |
Services | UPI payments and digital money lending for merchants |
Revenue | ₹1,029 crore (US$130 million) (FY23)[1] |
Net income | ₹−941 crore (US$−120 million) (FY23) |
Parent | Resilient Innovations Private Limited |
URL | bharatpe |
Commercial | Yes |
Registration | Required |
Current status | Active |
BharatPe is an Indian fintech company that sells digital payment and financial services to small merchants and Grocery stores.[2][3][4][5]
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."[6]
In 2021, the company acquired Payback India, a "multi-brand loyalty programme"[7][8]
In February 2024, BharatPe, received a notice from the Ministry of Corporate Affairs (MCA) under Section 206 of the Companies Act. The notice requested information regarding legal proceedings initiated by the company against its founder, Ashneer Grover.[9]
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.[10] In November 2023, BharatPe filed a petition against Ashneer Grover for allegedly disclosing confidential information.[11]
BharatPe has a stake in Unity Small Finance Bank.[12]
In October 2021 BharatPe launched the country's first BNPL (Buy Now Pay Later) product.[5]