Indian Fintech Startup BharatPay Raises $120M in Series C Funding

BharatPay, an Indian fintech startup, announced today it has secured $120 million in its Series C funding round led by Sequoia Capital India. The new capital boost values the company at $1.8 billion, officially making BharatPay a unicorn. The startup specializes in digital payment solutions tailored for small and medium enterprises across India. According to Bloomberg, this fresh funding will accelerate BharatPay’s product expansion and deepen its reach in tier 2 and tier 3 cities. The company reported a 150% year-over-year revenue growth in the last fiscal year, reflecting strong market demand. BharatPay aims to leverage this investment to enhance its AI-driven credit offerings and scale its merchant network nationwide.