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BharatPe has raised $370 Mn in Series E round led by Tiger Global at a post money-valuation of $2.85 Bn to turn into a unicorn, In this latest round, the new investors also included Dragoneer Investment Group and Steadfast. Existing investors Coatue Management, Insight Partners, Sequoia Growth, Ribbit Capital, and Amplo also participated in the round.
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Ashneer Grover, Co– founder & Managing Director, BharatPe, said, “We now have $0.5 Bn cash on books and are extremely well capitalised to deliver on our mandate to build India’s first truly Digital Bank. Rarely does one witness the original thesis play out without any pivot.”