BharatPe, the leading financial services company for merchants has raised $370 million in a Series E equity round, at a post-money valuation of $2.85 billion.

The new round, led by Tiger Global, also saw new participation from Dragoneer Investment Group and Steadfast Capital. Five out of the 7 existing institutional investors participated in the round - namely Coatue Management, Insight Partners, Sequoia Growth, Ribbit Capital and Amplo.

Antares Legal represented BharatPe (Resilient Innovations Private Limited) and the team was led by Partner Siddharth Bhavnani, Senior Associate Surbhi Kothiala and Associates Mohona Thakur, Amrusha Monga and Navya Mehrotra. Partner Surbhi Gupta provided inputs on regulatory aspects of the transaction.

Sumeet Singh, General Counsel and Head-Corporate Strategy & Corporate Affairs at BharatPe, instructed Antares Legal on this mandate and provided strategic inputs through the course of the transaction. BharatPe’s in house legal team also comprised of Divyam Sharma, Dhruvi Shah and Aanchal Aggarwal.

AZB & Partners acted for Tiger Global and the team included Partners Ashwath Rau, Srinath Dasari and Nanditha Gopal and Senior Associates Adoksh Shastry and Karishma Dugar.

Khaitan & Co acted for Insight Venture Management LLC and the team was led by Partner Mayank Singh with Sushrut Biswal (Principal Associate) and Yash Bajpai (Associate) with assistance from Ritu Shaktawat (Partner) and Sneh Shah (Principal Associate) on Tax aspects of the transaction.

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