Who Owns Bharatpe Now?
In March 2022, Centrum and its founder, Harsh Mariwala, acquired the majority stake in BharatPe and became its new owner.
BharatPe is a leading digital payments company in India. It was founded in 2018 by Ashneer Grover and Shashvat Nakrani. The company offers a variety of payment solutions to merchants, including QR codes, point-of-sale (POS) devices, and online payment gateways. BharatPe also offers a mobile app that allows users to make payments, transfer money, and manage their finances.
In 2021, BharatPe was valued at $2.85 billion. However, the company has been facing some challenges in recent months. In January 2022, Grover was accused of financial irregularities. He subsequently resigned from the company.
In February 2022, BharatPe’s board of directors appointed Suhail Sameer as the company’s new CEO.
The acquisition of BharatPe by Centrum is expected to help the company overcome its recent challenges. Centrum is a large financial services company with a strong track record. It is expected to provide BharatPe with the resources and expertise it needs to grow its business.
Who is the Founder of BharatPe?
BharatPe was founded in 2018 by Ashneer Grover and Shashvat Nakrani.
Grover is a former investment banker who worked at Goldman Sachs and American Express. Nakrani is a former software engineer who worked at Google and Microsoft.
What is the Business Model of BharatPe?
BharatPe’s business model is based on commissions. The company earns a commission on each transaction that is processed through its platform.
BharatPe also charges a monthly fee to merchants who use its POS devices.
What are the Challenges Facing BharatPe?
BharatPe is facing a number of challenges, including:
- Competition: BharatPe competes with a number of other digital payments companies, including Paytm, PhonePe, and Google Pay.
- Regulation: The digital payments industry in India is heavily regulated. BharatPe must comply with a number of regulations, which can increase its costs and slow down its growth.
- Fraud: BharatPe is vulnerable to fraud, such as chargebacks and money laundering. The company must invest in security measures to protect itself from fraud.
What is the Future of BharatPe?
BharatPe has the potential to be a major player in the digital payments industry in India. The company has a strong team, a large customer base, and a growing product portfolio.
However, BharatPe will need to overcome its challenges in order to achieve its full potential.
Conclusion
BharatPe is a leading digital payments company in India. The company has been facing some challenges in recent months, but it has the potential to be a major player in the industry.
The acquisition of BharatPe by Centrum is expected to help the company overcome its challenges and achieve its full potential.
FAQs
Who is the new owner of BharatPe?
The new owner of BharatPe is Centrum and its founder, Harsh Mariwala.
What is the valuation of BharatPe?
BharatPe was valued at $2.85 billion in 2021.
What are the challenges facing BharatPe?
BharatPe is facing a number of challenges, including competition, regulation, and fraud.
