Proof of Usefulness Report

BharatPe

Analysis completed on 2/2/2026

+576
Proof of Usefulness Score
Industry Mainstay

BharatPe is a major Indian fintech unicorn with verifiable massive scale ($26Bn TPV, 10M+ merchants). The project demonstrates exceptional real-world utility and market traction. However, the specific submission form was filled out with low effort (vague fields like 'everyone' and 'most people'), which significantly impacted the Response Quality score. Despite the lazy submission, the underlying project metrics verify it as a high-impact, established market leader, justifying a score in the 400-700 range per calibration guidelines.

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Score Breakdown

Real World Utility+178.13
Audience Reach Impact+150
Technical Innovation+60
Evidence Of Traction+187.5
Market Timing Relevance+47.5
Functional Completeness+2.5
Subtotal+625.63
Usefulness Multiplierx0.92
Final Score+576

Project Details

Project URL
bharatpe.com
Description
BharatPe was founded in 2018 with the vision of making financial inclusion a reality for Indian merchants. In 2018, BharatPe launched India’s first UPI interoperable QR code, the first zero MDR payment acceptance service. In 2020, post-Covid, BharatPe also launched India’s only zero MDR card acceptance terminals – BharatSwipe. Currently serving over 1 millions merchants across 400+ cities , the company is a leader in UPI offline transactions, with annualized Transaction Processed Value of US$ 26 Bn in payments. The company has already facilitated disbursement of loans totalling to over ₹10000 crores to merchants, since launch. BharatPe has raised over US$ 583 million in equity till date. The company’s list of marquee investors includes Tiger Global, Dragoneer Investment Group, Steadfast Capital, Coatue Management, Ribbit Capital, Insight Partners, Steadview Capital, Beenext, Amplo, and Sequoia Capital (now Peak XV Partners).

Algorithm Insights

Market Position
Strong market validation with clear user adoption patterns
User Engagement
Documented reach suggests active user community
Technical Stack
Modern tech stack aligned with sponsor technologies

Recommendations to Increase Usefulness Score

Document User Growth

Provide specific metrics on user acquisition and retention rates

Showcase Revenue Model

Detail sustainable monetization strategy and current revenue streams

Expand Evidence Base

Include testimonials, case studies, and third-party validation

Technical Roadmap

Share development milestones and feature completion timeline