BharatX raises $4.5 Mn in seed round from YC, others

Consumer credit venture BharatX has raised $4.5 million in a seed round from Y Combinator, 8i Ventures, Multiply Ventures, Soma Capital and other investors. Existing investor Java Capital also participated in the round.

The funds raised will be used to build & expand the team, enhance & develop the product further and for market expansion, it said in a press release.

The round also saw participation from many marquee angels including - Arash Ferdowsi, Harshil Mathur, Shashank Kumar, Varun Alagh, Kunal Shah, Ankur Aggarwal and Vikas Choudhury.

BharatX provides embedded credit by partnering with brands and websites to provide a credit feature in their apps to serve customers. It operates White-labeled Buy Now Pay Later and other credit products on over 50 consumer-facing platforms via its APIs and SDK. 

Since its inception in 2019, BharatX has been working with over 50 brands in India and claims to grow more than 10X in the last 4 months in volume.