Bengaluru: Fintech Bharatpe’s company said on Wednesday it raised $ 370 million in the funding round led by Global Tiger Giant Investment, giving the company appraisal $ 2.85 billion.
Enlargement of funds, which encourages three-year-old Bharatpe into the Unicorn club, provides company capital because it is needed more than a depressed lender and Maharashtra Cooperative Bank with Centrum Financial Services to create small financial banks.
“We now have $ 0.5 billion in cash on books and are very capital to fulfill our mandate to build the first Indian first digital bank,” said Asheer Grover, Co-Founder and Managing Director of Bharatpe.
Existing investors Growth, Insight Partners, Coating Management, Amplo and Ampbit Capital have also invested in raising E Series, Bharatpe said in email statements.
The Indian Tech Startup has recorded a surge in funding this year because investors bet on companies that tend to benefit in the post-pandemic world, with the swiggy food and Walmart Inc walmart firm belongs to Flipkart Matable in July.