BharatPe raises $108 million in Series D funding at a valuation of $900 million

BharatPe has reportedly raised $108 million in Series D funding at a valuation of $900 million. The funding round was led by led by Coatue Management and BharatPe’s other six existing institutional investors also participated in the funding round. This includes- Ribbit Capital, Insight Partners, Steadview Capital, Beenext, Amplo, and Sequoia Capital.

The digital payments company has said it has picked up $90 million in primary fundraise. With this round, it has raised a total of $268 million in equity and debt up until now.

The company also noted that the Series D round got oversubscribed within the last 2 weeks of December 2020. This has given a secondary exit to its angel investors and ESOP holders for a total amount of $18 million.