linkedin
BROUGHT TO YOU BY
Exclusive Access, Inclusive Growth

WELCOME TO ET PRIME

BROUGTH TO YOU BY
Exclusive Access, Inclusive Growth
ET Prime
Lending

Inside BharatPe: binging on growth, USD100 million in bank, and a lending model that may irk RBI

In less than two years, BharatPe has turned into a payments heavyweight. But there are issues that may need attention. Using a merchant’s money taken under a savings product to lend to another merchant may draw RBI’s ire. Its rapid speed may have received rapt attention from investors, but senior-level exits and recent layoffs raise many questions.
font size
FONT SIZE
save
SAVE
saved
SAVED
Gift this article
GIFT ARTICLE
artisingh
7 Jul 2020 16 Mins Read 5 comments
Ashneer Grover, CEO, cofounder, BharatPe; image credit: Linkedin
Ashneer Grover, CEO, cofounder, BharatPe; image credit: Linkedin
Heads turn when an upstart manages to raise USD143 million in less than two years. More so, when it garners a fat cash balance of USD100 million in the bank. Delhi’s startup circle is full of folklores on BharatPe’s jaw-dropping rise in the Indian fintech and payments ecosystem. Since its initial days at a modest set-up in south
you make any mistake.” When asked Grover summed up: “ Aap mere logo se baat nahi kar rahe ho, mere former employees se baat kar rahe ho. (you are not talking to my people, you are talking to my former employees.)”. But then, often ‘outsiders’ views are as important. ( Graphics by Sadhana Saxena)
Heads turn when an upstart manages to raise USD143 million in less than two years. More so, when it garners a fat cash balance of USD100 million in the bank. Delhi’s startup circle is full of folklores on BharatPe’s jaw-dropping rise in the Indian fintech and payments ecosystem. Since its initial days at a modest set-up in south you make any mistake.” When asked Grover summed up: “ Aap mere logo se baat nahi kar rahe ho, mere former employees se baat kar rahe ho. (you are not talking to my people, you are talking to my former employees.)”. But then, often ‘outsiders’ views are as important. ( Graphics by Sadhana Saxena)

The latest from ET Prime is now on Telegram. To subscribe to our Telegram newsletter click here.

Gift this story

YOU CAN GIFT 0 MORE STORIES THIS MONTH

Maximum 10 Email IDs allowed

300 characters remaining

Gift Sent Successfully

Limit Reached
Limit Reached

You’ve gifted all the 0 articles from your monthly gift bucket!

Please come back next month.

0 more articles will be waiting for you in your gift bucket.

CONTRIBUTORS WHO HAVE COMMENTED ON THIS STORY

test

user Jayant Pai

test

user

test

user Arti Singh ET Prime, Assistant Editor - Fintech

test

user User

test

user Arvipat

Current Edition

[[^message]]

Result

[[/message]] [[#message]]

[[message]]

[[/message]]