BharatPe

BharatPe is an Indian fintech company that sells digital payment and financial services to small merchants and Grocery stores.

History

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."

In 2021, the company acquired Payback India, a "multi-brand loyalty programme".

In April 2024, BharatPe elevated Nalin Negi as its CEO, 15 months after he took over as the interim CEO and CFO in January 2023.

2023 data theft allegations

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. In November 2023, BharatPe filed a petition against Ashneer Grover for allegedly disclosing confidential information.

Investments

BharatPe has a stake in Unity Small Finance Bank.

Subsidiaries

• Loyalty Solutions & Research Private Limited
• Resilient Payments Private Limited
• Resilient Digi Services Private Limited (formerly Resilient TechServ Pvt Ltd)
• Resilient Capital Private Limited
• Trillionloans Fintech Private Limited

PostPe

In October 2021 BharatPe launched the country's first BNPL (Buy Now Pay Later) product.

References

External links

• Official website

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