Stories
BharatPe Considers Rights Issue at Lower Valuation Ahead of Potential IPO
M
Moneycontrol•16-10-2026, 06:48
BharatPe Considers Rights Issue at Lower Valuation Ahead of Potential IPO
- •Fintech startup BharatPe is reportedly considering a rights issue to raise between $50 million and $100 million from existing shareholders.
- •The move aims to reset the company's valuation to between $1.5 billion and $1.7 billion ahead of a potential public listing next year.
- •This new valuation marks a significant reset from its peak valuation of $2.8 billion achieved during the 2021 funding boom.
- •BharatPe has categorically denied the reports, calling them entirely untrue, fabricated, and damaging to its brand.
- •The proposed round would allow late-stage investors to increase their holdings at a lower valuation and lower their average entry price.
Key Questions Answered
BharatPe is considering a rights issue to raise between $50 million and $75 million, targeting a valuation of $1.5 billion to $1.7 billion ahead of a potential public listing.
A BharatPe spokesperson categorically denied the reports, calling them entirely untrue, fabricated, and rumor-based reportage that is damaging to the company's brand.
Founded in 2018 by Ashneer Grover, Shashvat Nakrani, and Bhavik Koladiya, BharatPe focuses on providing UPI-based merchant payments, merchant lending, and card payments to small merchants.
