India's BharatPe raises $108m

Indian fintech BharatPe has hit a $900 million valuation off the back of a $108 million Series D funding round led by Coatue Management. Ribbit Capital, Insight Partners, Steadview Capital, Beenext, Amplo and Sequoia Capital all joined the round which saw BharatPe return about $18 million to angel investors and employees. Founded in 2018, BharatPe has developed a QR code-based payments service using India's UPI infrastructure to help offline merchants accept electronic payments
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