BhartPe, a financial service and merchant payment solution provider said, it raised $370 million in the Series E that was led by Tiger Global, making its entry to the unicorn club.
In the new round, BharatPe valued $2.85 billion, which makes it 19th Indian start-up to become a unicorn. Unicorn is a term that is used to refer privately valued start-ups having a valuation over $1 million.
The other investors in the round were Dragoneer Investor Group Steadfast Capital, Ribbit Capital and Amplo, Coatue Management, Sequoia Growth, and Insight Partners.
Image Credits: bharatpe.com