BharatX raises $4.5 mn

Recently, BharatX,

announced that in its seed fundraising round has raised $4.5 million. This round of funding was led by Y Combinator, 8i Ventures, Multiply Ventures, Soma Capital, and other investors. It also witnessed the participation of existing investor Java Capital and marquee Angels including Arash Ferdowsi, Harshil Mathur, Shashank Kumar, Varun Alagh, Kunal Shah, Ankur Aggarwal, and Vikas Choudhury.

BharatX, offers embedded credit by collaborating with brands and websites to offer a credit feature in their apps to serve customers. The company further informed that the capital raised will be utilized to create, expand the team, and boost and develop the product.

The company was founded by Mehul Nath Jindal, Eeshan Sharma, and Shyam Murugan in the year 2019.  Currently, it has been working with 50+ brands in India including the largest D2C brands in India. Mehul Jindal, Co-Founder and CEO, BharatX, says, “Our B2B2C business model enables us to not only win trust of users via the brand power of players we work with, but also enable us to reach to millions of users at Scale with almost Zero Cost.. And with this new round of support from our investors, we’re looking to scale up faster and more aggressively in the near future.”