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Fintech Startup Bharatx Raises $4.5 Million In Funding From Y Combinator, Others

Fintech Startup Bharatx Raises $4.5 Million In Funding From Y Combinator, Others

05/12/22, 8:05 AM
Money raised
$4.5 million
Round Type
seed
Fintech startup BharatX has raised $4.5 million in a funding round from Silicon Valley-based famed accelerator Y Combinator, 8i Ventures, Multiply Ventures and Soma Capital.

Company Info

Company
Bharat X
Additional Info
The company plans to utilise the funds to expand its team and develop its product. The company is presently working with more than 50 brands in India growing its revenue by more than 10X in the last four months, the company said in a prepared statement on Thursday. BharatX plans to increase the credit stack on offer by launching new product verticals such as UPI Credit, Pay in 3, and 15/30 day cycle products like credit cards, the company said in the statement. Founded in 2019, by Mehul Nath Jindal, Eeshan Sharma, and Shyam Murugan, graduates of the National Institute of Technology (NIT) Trichy, BharatX is a fintech startup that enables consumer-facing platforms to offer credit-as-a-feature.