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BharatPe Launched World’s 1st MSP

Published on November 14, 2021
Current Context: The BharatPe has launched the world’s first Merchant Shareholding Programme (MSP).
BharatPe Launched World’s 1st MSP
  • 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
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