Digital payments aggregator BharatPe, said … that it has raised $50 million led by US-based fintech fund Ribbit Capital, and hedge fund Steadview Capital. Existing investors - Sequoia Capital, Beenext Capital and Insight Partners also participated in the round.

— Mint

Update 05 September 2019: Antares Legal advised BharatPe, operated by Resilient Innovations Private Limited, led by a team of senior associate Surbhi Kothiala and founding partner Siddharth Bhavnani, with regulatory inputs and support from lawyer Surbhi Gupta.

Khaitan & Co advised Insight Venture Management LLC, which invested $7.7m via compulsorily convertible preference shares, led by a team of partner Mayank Singh, principal associate Nidhi Killawala and senior associate Akshay Sharma with assistance from: intellectual property aspaects, counsel Shailendra Bhandare and associate Vidhi Kotak.

Update 2 September 2019: L&L Partners advised Steadview Capital Mauritius Limited and ABG Capital led by a team including partner Vaibhav Kakkar, and the team consisted of managing associate Avisha Gupta, and associates Ritvika Thakur and Sanchita Kumari.

Update 9 September 2019: IndusLaw advised Ribbit Cayman IN Holdings, the leading investor, led by a team including partner Winnie Shekhar, and associates Stuti Agarwal, Jaidrath Zaveri, Nishihi Shah, Surbhi Joshi.

2019-08-26

Deal value: USD 7.7 million (investment by Insight Venture Management)

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