BharatPe facilitates loans worth Rs 3,600 cr in Q1 of FY23
BharatPe pushes growth pedal harder: Facilitates over INR 3600 Cr in loans in Q1, FY23
July 5, 2022Nalin Negi Appointed BharatPE CEO
August 1, 2022Unicorns and Unicorns everywhere! Relax, we're not talking about the mythical creatures but something even more exciting! We're talking about the startup trend, which is on the rise in India these days. Yes, for the past few years, India has been witnessing a great startup uprising, with some of them being phenomenally good enough to put India on the maps of foreign investors. One such startup is Bharatpe, which is currently “the talk of the town”.
The returns, growth and the magnitude of the business model held by Bharatpe are attracting a lot of attention these days.
“Dreams and dedication are
powerful combination.”
BharatPe is a startup based out of Delhi. Its CEO and co-founder Ashneer Grover, along with fellow co-founder Shashvat Nakrani, started BharatPe in 2018. The company's primary purpose was to offer the merchants and business organizations a platform to ensure financial inclusion. While many people adapted to the growing internet era, some are still stuck offline, and BharatPe focuses on them.
As a lot of companies focused on the consumer segment of the Indian markets, BharatPe is one of the few startups that focused on making the life of entrepreneurs and merchants easier. The company came up with an interoperable UPI QR code, using which the merchants can derive their payment made by customers on a varied number of wallets available on the internet. Further, its unique lending services put it on the charts of growth.
However, despite having a brilliant idea, everything was not merry for the fintech startup. They had to go through tremendous hardships in convincing the merchants to adapt their services.
As a lot of companies focused on the consumer segment of the Indian markets, BharatPe is one of the few startups that focused on making the life of entrepreneurs and merchants easier. The company came up with an interoperable UPI QR code, using which the merchants can derive their payment made by customers on a varied number of wallets available on the internet. Further, its unique lending services put it on the charts of growth.
