BharatPe: Difference between revisions
Content deleted Content added
m Reverted edits by 2402:8100:224E:9E4D:CD79:492F:B3FD:3405 (talk): addition of unnecessary/inappropriate external links (HG) (3.4.12) |
No edit summary |
||
| Line 33: | Line 33: | ||
=== 2023 data theft allegations === |
=== 2023 data theft allegations === |
||
In 2023 Grover, who |
In 2023 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.<ref>{{cite news |url=https://www.freepressjournal.in/business/ashneer-grover-accuses-bharatpe-co-founder-of-biggest-data-theft-in-india |title=Ashneer Grover accuses BharatPe co-founder of biggest data theft in India |date=February 9, 2023 |publisher=The Free Press Journal}}</ref> |
||
== Investments == |
== Investments == |
||
Revision as of 21:45, 22 November 2023
 | |
| Type of business | Private |
|---|---|
Type of site | Financial service |
| Available in | Multilingual |
| Founded | 2018 |
| Headquarters | New Delhi, |
| Area served | India |
| Founder(s) | Ashneer Grover Shashvat Nakrani Bhavik Koladiya |
| Industry | Internet E-commerce |
| Services | UPI payments and digital money lending for merchants |
| Revenue |  ₹456 crore (US$55 million) (FY22)[1] |
| Net income |  ₹−828 crore (US$−99 million) (FY22) |
| URL | bharatpe |
| Registration | Required |
| Current status | Active |
BharatPe is an Indian fintech company that sells digital payment and financial services to small merchants and Grocery stores.[2]
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."[3]
In 2021, the company acquired Payback India, a "multi-brand loyalty programme"[4][5]
2023 data theft allegations
In 2023 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.[6]
Investments
BharatPe has a stake in Unity Small Finance Bank.[7]
References
- ^ "BharatPe spent Rs 1,483 Cr to earn Rs 457 Cr in FY22". Entrackr. Retrieved 26 January 2023.
- ^ "BharatPe acquires loyalty platform PAYBACK, aims to expand merchant base to 20 million by 2023". www.cnbctv18.com. 10 June 2021.
- ^ Abrar, Peerzada (4 August 2021). "BharatPe's valuation crosses $2.85 bn in $370 mn in Series E equity round". Business Standard India.
- ^ "Valued at $2.85 billion, Bharat Pe raises fresh $370 million in funding led by Tiger Global". The Financial Express. 5 August 2021.
- ^ Ranjan, Abhinav (10 June 2021). "BharatPe acquires loyalty platform Payback India". www.indiatvnews.com.
- ^ "Ashneer Grover accuses BharatPe co-founder of biggest data theft in India". The Free Press Journal. 9 February 2023.
- ^ "BharatPe nominates Partha Pratim Sengupta to Unity Small Finance Bank board". cnbctv18.com. 19 June 2023. Retrieved 14 August 2023.