# Bharosepe Technology Services Private

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/bharosepe-technology-services-private

- Industry: Financial Services
- Headquarters: Bangalore, India
- Website: www.jodo.in
- Total disclosed funding: $19M
- Latest round: Series B (Jul 22, 2022)
- Investors on record: 4

## About

Bharosepe Technology Services Private Limited, operating through its platform Jodo, specializes in automating fee collection for educational institutions, enhancing payment efficiency and cash flow management for schools and colleges across India and select international markets.Founded in 2020 in Bangalore, India, Bharosepe Technology Services Private Limited focuses on automating fee collection for educational institutions. The company has raised INR 1.2 billion in Series B funding, led by Elevation Capital and Matrix Partners India, with a total funding of INR 1.2 billion. The founders include Amee G, Atulya Bhat, Ayush Chakraborty, Divyansh Verma, Ganesh A, Koustav Dey, Mitesh Mundra, Mohit Motwani, Raghav Nagarajan, Snehanshu Harsh, Sumer Rai, and Tony Sebastian. The company has completed two deals, with the most recent on July 22, 2022.Bharosepe Technology Services Private Limited specializes in automating the fee collection process for educational institutions. Their core product allows educational organizations to implement auto-pay systems for fee installments, enhancing operational efficiency through features like customizable fee schedules, automated reminders, electronic receipts, and seamless payment reconciliation. Their clientele includes a diverse range of schools, colleges, and other educational entities in India and select international markets, addressing the complexities of fee management while facilitating various digital payment methods.In the most recent fiscal year 2023, Bharosepe Technology Services Private Limited reported revenue of INR 490,939.50. The company operates on a revenue model that hinges on transaction fees for processing educational fee payments, along with a subscription structure for educational institutions to access their services. This approach ensures a steady cash flow for institutions while enabling Jodo to retain a portion as processing fees. The EBITDA for the most recent year was INR -4,373,563.Following their significant funding round in July 2022, Bharosepe Technology Services Private Limited is focusing on expanding its product offerings and geographical reach. The company is in the process of designing new products aimed at enhancing user experience and operational efficiency for educational institutions. They are eyeing expansion into additional international markets, though specific regions have not been disclosed. The INR 1.2 billion raised in Series B funding will be strategically utilized to support product development and market expansion initiatives.

## Funding rounds

- Series B, Jul 22, 2022, $15M — Elevation Capital, Z47
- Series A, Apr 24, 2020, $3.7M — Z47, QED Innovation Labs, Rainmatter Capital Pvt. Ltd.

## Investors

- Z47 (https://capitalatlas.ai/funds/z47) — Series A, Series B
- QED Innovation Labs — Series A
- Rainmatter Capital Pvt. Ltd. — Series A
- Elevation Capital — Series B