Digital payments aggregator BharatPe 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. BharatPe has established operations in 20 cities, serving over 14.5 Lakh merchants across Bangalore, Delhi, Hyderabad, Pune, Mumbai, Jaipur, Ahmedabad and other cities.

(Dealstreet Asia)