#Cashless" In June 2021, State Bank of India has invested an undisclosed amount in Cashfree less than a year after the company has raised $35.3M Series B . As a part of the partnership, Ingenico will roll out 100,000 of its Axium range of Android Smart POS and PPaaS (Ingenico's Payments Platform as a Service) to BharatPe's merchant network in India . The startup, which has over 150 million monthly active users, said that its e-wallet service transaction volume increased by 15% month-on-month, and more than 78% of its 325 million account holders use the service every day. We will change it at BharatPe by making our merchants part equity owners and giving them the IPO upside through the first of its kind program in the world," Grover said. . Two IITians named Ansheer Grover and Shashvat Nikarani founded the BharatPe in 2018, where, Shashvat is IIT dropped out. Purchase. The current app portfolio contains 4 apps. Prominent angels include Paavan Nanda (WinZO), Nilay Arora (Tencent), Suhail Sameer (BharatPe . Google had 67 million monthly active users in September last year, and on the merchant side, it had over three million active merchant's data for June 2020. . . BharatPe is an Android developer that has been active since 2017. * Scan and Pay - Scan QR codes to pay using postpe at shops anywhere. The company reportedly has 110 million monthly active users (MAUs) at present, as opposed to Paytm's 150 million MAUs. Additionally, BharatPe plans to ramp up . . Dynamic Bone (620) $20. According to mobile insight firm AppAnnie, Khatabook had more than 910,000 daily active users as of earlier this month, ahead of Paytm's merchant app, which is used each day by about 520,000 . It has around 10 Million users as of 2022 and around 8 lakh . It has an active monthly user base of almost 8 million customers and records an annual revenue run rate of $25 million. This is done via the limit that's assigned to you. For the last 15 years, this has remained their top priority. Exclusive: Ashneer. BharatPe. Nishant Jain has previously worked at senior positions in companies such as Zomato, Fortis, PepsiCo and Bennett & Coleman. Google Pay, on the other hand, . The new app has clocked around 50,000 dowloads whereas the old, banned app has 900,000 monthly active users. Utileo Utils Getting Started (Installation) Currency Formatter Methods Common Util Methods Storage Util Methods Geo Location Util Method URL Parameter Method Date Util Methods Usage Contributors License. However, BharatPe co-founder and CEO Ashneer Grover described the capping move as a "well calculated" one. The capital from the current round has already helped Glip's monthly active users grow 400X to 2 million users in 3 months. Prominent angels include Paavan Nanda (WinZO), Nilay Arora (Tencent), Suhail Sameer (BharatPe), Ravish . All merchants need to do is sign up, download a single QR code for their customers to scan, and start accepting payments, which are transferred directly . These include Flipkart-owned PhonePe, Sequoia-backed BharatPe, and Google Pay. Currently, it claims to have over 40 lakh monthly active users on the vernacular platform. In a statement, the firm said it . The Fintech startup makes payment acceptance simple by offering merchants a single QR to accept all payment apps such. The deal values Grindr at 27 times its adjusted 2021 earnings before interest, taxes, depreciation and amortization of $77 million. Indian apps and games saw a 200% increase in active monthly users on Google's Play Store last year, compared to 2019, a senior Google executive said on Wednesday. PhonePe recently crossed the 250-million registered user milestone, with over 100 million monthly active users generating nearly . BharatPe, one of India's fastest-growing Fintech companies and Ingenico, a Worldline brand, today announced a five-year strategic partnership that will help fuel the adoption of POS devices in India. fintech unicorn BharatPe is making the headlines for… Soumyadeep Sarkar; April 1 . The combined short video platform will have over 300 million monthly users with Moj and MX TakaTak contributing about 150 million users each. . A closed network where Paytm users, for example, can only use the app with merchants who accept Paytm. . In Sachdeva's words, "With a monthly active user base of 160 million and 50+ million strong creator community, Moj in a year has grown into India's number one short video app. On Tuesday, fresh meat and seafood brand Licious became a unicorn. But I'm not able to reconcile the risk with this one. On March 12, ET was the first to report that EY India was conducting a forensic audit at social commerce startup Trell. CoinSwitch Kuber is the 30th startup to achieve unicorn status in 2021 so far. PAYBACK India has enrolled more than 100 million users till date. Flipkart-owned PhonePe claims it has 185 Mn registered users and 75 Mn monthly active users. (Groww had 12 million monthly active users last month, according to data from research firm App Annie.) We also clocked INR 100 crores per day in transactions, an annualized TPV of more than $5 billion. In a statement, the firm said it will take all steps to enforce its right under the law. About MDI Ventures February 5, 2022 The BharatPe Co-founder denied media reports about his consent to remove Suhail Sameer as CEO of the fintech venture. These apps collectively cater to a staggering 1.5 billion monthly active users, mostly from China and India. Monetizable daily active . Basic Data Updated 6 days ago Instant Update . Read more: Tiger Global to mint another unicorn in India with USD 250 million lead investment in BharatPe. And rising. BharatPe was last valued at $2.8 billion. As a part of the partnership, Ingenico will roll out 100,000 of its Axium range of Android Smart POS and PPaaS (Ingenico's Payments Platform as a Service) to BharatPe's merchant network in India . Fixcraft said that the funds will be used in widening its presence in states like Maharashtra, Karnataka, and Andhra Pradesh. The cashback offers are . The company claims to have more than 10 million users in India with a monthly active user base of over seven million. BharatPe in talks for $350 million funding, likely to become next Indian unicorn . helped Glip's monthly active users grow 400X to 2 . Josh, which has more than 150 million monthly active users, competes in India with home-grown rival Moj and Meta Platforms Inc's Instagram Reels, all of which have sprung up since the country blocked the popular TikTok in June 2020 amid a border crisis with China. A high-level overview of Unity Software Inc. (U) stock. He will be responsible for charting out BharatPe's next phase of growth and . The merger will create the largest short video platform for Indians with 300 million monthly active users (MAU), a 100-million-strong creator community and nearly 250 billion monthly video views. Google Pay has not shared any updated stats since September 2019. Geek@BharatPe | On a hunt for problems & building cool stuff South Delhi, Delhi, India 500 . • 2700+ active users and an average rating of 5/5 . For context, WhatsApp had 487 Mn registered users in 2021 in India alone, with 390 Mn active users, growing 16% year-on-year. has already helped Glip's monthly active users grow 400X to 2 million users in 3 months. Khatabook, on the other hand, has 3.88 million MAUs in the last month. . BharatPe empowers these merchants by offering them a single interface through which they can accept any payment apps — over 150 of which are available in India — at no cost to the business. Active Company Age 4 years 1 month . January 24, 2022 by Sayan. While the number of merchants jumped to 60 lakh in 2020-21 from 24 lakh in the previous year, transaction volume rose over four times to 10 crore a month or 120 crore annually from 2.7 crore a. It enables financial freedom and better tracking of monthly spending. Facebook reported 195 million daily users in the US and Canada in the first quarter, before seeing that number jump to 198 million in the second quarter, while monthly active users increased from . Total mobile app downloads for BharatPe was 1m, including < 5k iOS app downloads and 1m Android app downloads. BharatPe, which is now the No. . "Paytm Payments Bank (PPB) plans to expand into facilitating cross-border as well as domestic remittances. Presently Kuaishou has 1 billion monthly active users from all around the globe. BharatPe, the leading financial services company for merchants, said on Wednesday that it has raised $370 million in a Series E equity round, at a post-money valuation of $2.85 billion. 160 open jobs for Strategic sourcing in San Francisco. BharatPe's cofounder Shashvat Nakrani, Oyo India CEO Rohit Kapoor, Oyo's CSO Maninder Gulati and UrbanLadder founder Ashish Goel—also participated in the pre-Series A funding round, according to a statement. This information is available in our reports and to subscription users. To restrain WhatsApp from undermining the competition and creating a. . Ashneer Grover is not the only one desperately looking to exit the company before the situation goes from bad to worse. Alodokter provides an end-to-end digital solution to patients including telemedicine, doctor booking, medical content, e-pharmacy and health insurance services. BharatPe Total Apps 5 Downloads Last Month 1m Revenue Last Month * < $5k BharatPe's Publisher Summary Total BharatPe mobile app revenue in March 2022 was < $5k , including < $5k for iOS apps and < $5k for Android apps. He further informs, "In October 2020, we clocked INR 100 crores monthly disbursal. As the leading telemedicine platform in Indonesia, Alodokter has more than 30 million monthly active users. Additionally, more than 60% of Groww users are in smaller cities and towns of India. In January 2022, the board of BharatPe initiated the corporate governance review of the company. 100% of their volume is through UPI P2M which is a small ticket vs P2P so their merchant base is . Overall, we estimate that BharatPe's apps have collected about 20 million installs, 1 million of them in the last 30 days. January 27, 2022. The platform witnessed the growth and development of various aspects of society and gradually became a base for modern day social media platforms. The platform is facing tough competition as several foreign brands are trying to have a bigger share in the Indian market. BharatPe is a QR code-based payment app for offline businessmen and retailers. In August, it expects to do 21 million transactions a month worth Rs 600-700 crore ($84-97 million) which, it claims, makes . SCALEUP . Sources claim that over 400 BharatPe employees applied for jobs at other fintech startups and other financial companies while the investigation related to alleged fraud and misgovernance at one of India's most prestigious . View 40 Contacts Monthly / Month . Context: Paytm, followed by PhonePe, Google Pay, and BharatPe, lead digital payment in India. The Gurugram based startup will use the fresh capital to develop its personalization and recommendation technology engine, develop language evangelists, hire and further product development, according to a statement. . BharatPe Stats: Google Pay is the leader in ATV with 50% higher ATV than PhonePe and PayTM. At present, it is speculated that PhonePe and. Grofers, Eruditus, CoinDCX, upGrad, MindTickle and BharatPe among others. AAA Valuation comments: With more than 350 million registered users in the country, Flipkart is now among the 10 largest e-commerce companies in the world by valuation. • Made it to the December '21 monthly trending list on VS Code Marketplace Google Meet VS Code Extension • 1200+ active users and an average rating of 5/5 • https://marketplace.visualstudio . BharatPe joins India's burgeoning list of unicorn startups with the funding, with its valuation more than tripling to $2.85 billion in only six months. . "BharatPe said it aims to expand into 100 more cities in FY22, and expand its merchant network by adding four million merchants to its existing list of six million by the end of 2021. Bengaluru: India's fastest growing SMB-focused FinTech startup FloBiz is witnessing 250% growth in monthly active users and aims to achieve 7X growth by 2022. 3 player in private POS category, will also ramp up its reach by 5x and sell BharatSwipe in 80 cities across India by 2022 end. She was speaking at the . on YouTube Gaming and 40M active YouTube . It provides you with an interest-free credit for up to 30 days and an option to convert your bill into low-interest EMIs. Ashneer's abrupt absence comes right after he allegedly got . #Cashless" 120mn active UPI users (overall transacting users in India are also the same broadly so there is almost 99% overlap here) . BharatPe says it has over 1.8 Mn merchants on board. As yet, PAYBACK India has registered more than 100 million users with an active monthly user base of around 8 million customers. The company shared that it aims to grow its POS business (BharatSwipe) by 3x and has set a target of US$ 6bn in annualized TPV by the end of FY22. . Ashneer Grover, the co-founder and MD of BharatPe, has informed the board that he will take a voluntary leave of absence from the company till the end of March, according to a media statement released by the company. BharatPe is probably the largest UPI QR merchant acquirer in India now as 100% of their value is from UPI QR payments. Grofers, American Express, PC Jeweller Ltd., and Kotak Investment Bank are among them. New Delhi: BharatPe on Tuesday said it has initiated necessary action against a former founder to claw back his restricted shares following a governance review. Consider Facebook: Their vision is to connect the world, and their key metric is monthly active users on the platform. . Josh, which has more than 150 million monthly active users, competes in India with home-grown rival Moj and Meta Platforms Inc's Instagram Reels, all of which have sprung up since the country blocked the popular TikTok in June 2020 amid a border crisis with China. In response to a comment by Ashneer's sister on a social media post by former Bharatpe employee, Sameer said: "Sister, your . BharatPe CEO Suhail Sameer in a letter to his employees requested them to keep their trust on the board amid co-founder Ashneer Grover's tussle with the company's board. Grover claimed, "PAYBACK India continues to be profitable and a $25 million revenue run rate will also keep it self funded, which makes it more exciting . On April 4, ET reported citing sources, that Sequoia had called for a probe at Trell after receiving whistleblower complaints. In the last one year, BharatPe has plastered its QR code stickers across 1.5 million merchants in 20 Indian cities. March 28, 2022, Monday. . In a letter to shareholders, Spotify said India was a notable source of growth as compared to its forecasts, driven by its marketing campaigns in the country. The folks who contribute to monthly active users, revenue of startups and valuations don't get any equity upside or even allocation in IPOs. At the top end of . Job Summary: - To develop, manage & implement the social media plan & strategy and management of all active social media platforms - Manage all the brands (BharatPe, postpe and 12% club) across key social touchpoints - Build brand personas that are loved by our consumers/customers Role & Responsibilities: - Complete product marketing ownership of all active social media channels like Facebook . App Annie data further shows that OkCredit has amassed 10.6 million downloads in 2020 while Khatabook recorded 21 million downloads in the first 10 months of this year. Indian payments firm BharatPe to overhaul governance framework, sack . The cause of his decision has not been divulged by BharatPe. It has also become the largest digital-only bank with 64 . Merchant payment and lending network company BharatPe has fortified its leadership team by appointing Nishant Jain as Chief Business Officer. While the current headcount wasn't available, industry sources said BharatPe could have anywhere between 600-1000 employees, which means nearly half of them are looking to quit. BharatPe is looking to claw back its cofounder Ashneer Grover's restricted shares in the company, multiple people aware of the developments told us, . Cashfree announced that it has recorded a 150% increase in active transacting merchants from July 2020 to July 2021 and merchant sign-ups have increased from 70,000 to 1,30,000 in the same period. All UPI merchant txns on BharatPe QR. New Delhi: BharatPe on Tuesday said it has initiated necessary action against a former founder to claw back his restricted shares following a governance review. Glip's monetisation stack is being built using cutting-edge web3 tech. Founded in 2010 by Vijay Shekhar Sharma, Paytm has close to 130 mn monthly active users. . The primary component of the round is $350 million and the secondary component is of $20 million. #Cashless" Job Summary: - To develop, manage & implement the social media plan & strategy and management of all active social media platforms - Manage all the brands (BharatPe, postpe and 12% club) across key social touchpoints - Build brand personas that are loved by our consumers/customers Role & Responsibilities: - Complete product marketing ownership of all active social media channels like Facebook . Google Pay also now claims that the service has about 45 million monthly active users. PGA Labs, exclusively for ETBFSI, has collated a list of top 10 payment FinTechs, who . He will be heading product management and user experience across customer touch points, and will be contributing to BharatPe's aggressive plans to level- up its footprint to 10 million merchants this year . On the heels of raising Series. Crisis-ridden fintech player BharatPe has entered the gold loan segment for its merchant partners, marking its entry into the secured credit category View 130 Contacts Monthly / Month . It's by Bharatpe but the messaging keep pushing 'Powered by Bharatpe' almost as if they want to use BharatPe's name but liability are separate entirely. People from different countries of varying ages and diverse lifestyles get to interact with and learn from each other. Ashneer has invested in numerous startups over the years. 4 CLAPS Good Morning, Fintech unicorn BharatPe CEO Suhail. Byju's to raise $400 mn from DST Global "BharatPe said it aims to expand into 100 more cities in FY22, and expand its merchant network by adding four million merchants to its existing list of six million by the end of 2021. Indian payments firm BharatPe to overhaul governance framework, sack . Mkt feedback: Google Pay should bring scanner upfront in place of Pay by Tez toggle. Grindr said in an investor presentation on Monday that it has 11 million monthly active users and that its revenue grew 30% last year. "PhonePe has crossed 300 million lifetime registered users milestone with 125 million monthly active users (MAU). Starting at ₹ 1,999 / Monthly. Sequoia holds a 19.6% stake in the firm. The merger is said to be Indonesia's largest with a combined entity of over 100 million monthly active users, 11 million merchant partners, and more than 2 million registered drivers. And more than 43,000 certified doctors on the platform. BharatPe, India's largest merchant payment, and lending network firm, has appointed Ankur Jain as its new Chief Product Officer. In 2019, the San Francisco maker of the Unity game engine — used by 1.5 million monthly active users to create games and other content . According to Beura, the platform is seeing a steady increase in its daily transactions, active merchants, and app downloads post the start of this campaign. Ashneer Grover founded BharatPe, a payment application, in 2018 and will leave the company on February 28, 2022. Last year Walmart led a $1.2-billion spherical in Flipkart, valuing the e-commerce agency at . He is the founder of BharatPe which beats Paytm, Google pay, etc. 12% fixed return seems brilliant in theory, can just park any excessive money there including FD amount etc. It records an annual revenue run rate of $25 million. Prior to that, he worked for a number of prestigious corporations. . Ashneer Grover Net Worth 2022: He is one of the topmost entrepreneurs in India with a net worth of around 400 Million in Dollars and 3050 Crores in rupees as of 2022. Built as per the latest industry norms and using the Android 10 operating system, the large user interface on the Axium terminal makes it ideally suited to BharatPe's merchants. Digital payments firm BharatPe, which services offline retailers and businesses, is looking to raise at least $75 million (Rs 520 crore at current exchange rate) in a fresh Series B round led by US-based Insight Partners . When it comes to monthly active users, OkCredit has 1.4 million MAUs in September. . Music streaming service Spotify added 25 million monthly active users for the quarter ended December 31, 2020, benefiting from faster growth in India, the United States and western Europe. BharatPe, one of India's fastest-growing FinTech companies and Ingenico, a Worldline brand, announced a five-year strategic partnership that will help fuel the adoption of POS devices in India. "Our focus is on making gamers earn on top of existing distribution platforms like YouTube, Twitch, Facebook," said Parth Choudhary, Co-founder and CEO of Glip.. BharatPe is . They found that the other online payment transaction companies were targeting only the consumers and customers, but there was not any platform or application which could solve the problem of the merchant community. BharatPe, one of India's fastest-growing FinTech companies and Ingenico, a Worldline brand, announced a five-year strategic partnership that will help fuel the adoption of POS devices in India. However, BharatPe co-founder and . In 2021, BharatPe and Cred were among the FinTechs that achieved $1-billion valuation or the unicorn status. . Its merchant network also continues to grow rapidly across India, and now has over 20 million offline merchants across 11,000 towns and talukas in India. Google had 67 million monthly active users in September last year, and on the merchant side, it had over three million active merchant's data for June 2020.