- It is launched for its merchant partner community.
- The program is worth $100 million.
- Under the program, BharatPe will offer its merchant partners and customers an opportunity to purchase BharatPe’s equity shares.
- On purchasing equity shares of BharatPe, the customer will become its partner.
- The program was launched with the aim to become a public listing by 2024. In this regard, the BharatPe has set a public listing target value of $1billion.
- The MSP will create wealth for merchant partners and will offer IPO (Initial Public Offering) along with equity.
- Static Part:
- HQ of BharatPe: New Delhi
- CEO of BharatPe: Ashneer Grover
Question:
Q.1 Which organization launched the world’s first Merchant Shareholding Programme (MSP)?
a. Paytm
b. PayU
c. PhonePe
d. BharatPe
a. Paytm
b. PayU
c. PhonePe
d. BharatPe
