BharatPe to share equity worth $100 mn with merchants on its platform

The fintech unicorn said it is aiming for the merchant shareholding pool to be worth about $1 bn by the time it goes public

Fintech unicorn BharatPe said on Thursday that it is launching a merchant shareholding program (MSP) with an equity pool of up to $100 million for small business owners on its platform. 

This pool will be allotted over the course of four years to more than 75 lakh merchants on its platform currently and also those who join it in the future. The company said it is aiming for the MSP pool to be worth close to $1 billion by the time it goes public. BharatPe was valued at $2.85 billion when it last raised a funding round of $370 million in