Vijay PoM Seminar

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HIRACHAND NEMCHAND COLLEGE OF COMMERCE,

SOLAPUR

A Seminar presentation on

Presented by
Name- Vijay Jadhav
Roll no-
Subject- Principles of Management
Topic- BharatPe
BharatPe

BharatPe is an Indian fintech company that


caters to small merchants and kirana store
owners in India . The company offers a range
of fintech products including interoperable QR
code for UPI payments, Bharat Swipe (POS
machine) for card acceptance, and small
business financing.
Establishment

The firm was co-founded by Ashneer Grover and Sashvat Nakrani


in 2018, with its headquarters in New Delhi, India.
Founders

Ashneer Grover Sashvat Nakrani


Nature of Business

It facilitates small merchants to accept payments via Unified Payments


Interface (UPI) for free, through BharatPe QR codes. It also offers merchant
loans of up to ₹7 lakh (US$9,800) for a duration of 3 to 12 months. The other
products include and a peer to peer lending product called 12% Club. In 2020,
the company launched a new product, Digital Gold, which allows the users to
transact for 24-carat gold containing 99.5% purity.
Services
•  Interoperable QR code for UPI payments
• Bharat Swipe (POS machine) for card acceptance
• Small business financing
• Accept payments via Unified Payments Interface (UPI) for free, through
BharatPe QR codes
• Digital Gold
Key Person

Ashneer Grover was born on June 14, 1982, in Delhi. His father was a
Chartered Accountant (CA) and his mother was a teacher. He completed his
elementary education from the national capital and graduated in B Tech in
civil engineering from the Indian Institute of Technology (IIT) Delhi.
For further studies, he went to INSA Lyon University in France for a student
exchange program during 2002-2003 and then completed his MBA from
Indian Institute of Management (IIM) Ahmedabad in 2006.
Career

Before establishing BharatPe, he worked in many firms including; Kotak


Investment Bank, Grofers, PC Jeweller Ltd and American Express. Ashneer's
wife Madhuri Jain Grover, who is also an entrepreneur, served as the head of
control at BharatPe since its incorporation and headed procurement and
admin departments.

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