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AZB & Partners has advised Tiger Global Management’s Internet Fund as one of the investors in Indian fintech company BharatPe’s $370 million Series E funding round, which values the company at $2.85 billion.

According to Reuters, existing investors Sequoia Growth, Insight Partners, Coatue Management, Amplo and Ribbit Capital have also invested in this round.

Indian tech startups have recorded a surge in funding this year as investors bet on companies that are likely to benefit in the post-pandemic world, with food delivery firm Swiggy and Walmart-owned Flipkart raising capital in July, Reuters added.

The round makes BharatPe the latest entrant to India’s growing list of unicorn startups. The company had raised $108 million in February this year at a valuation of $900 million, Mint reported

The AZB team was led by partners Ashwath Rau, Srinath Dasari and Nanditha Gopal.

 

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