The fintech company BharatPe has secured debt financing from venture debt firms Trifecta Capital and Innoven Capital, amounting to around $10 million.
According to, which cited the business’ most recent filings with the Registrar of Companies (RoC), the board of BharatPe issued 3,500 Series F1 debentures at Rs 1,00,00 each and 500 Series E1 debentures at Rs 10,00,000 each in order to raise the aforementioned sum.
According to the report, Trifecta contributed Rs 50 crore and Innoven Capital contributed Rs 35 crore.
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BharatPe, a company founded in 2018, apparently completed a $100 million debt round earlier this year. Prior to it, Northern Arc Capital and IIFL Wealth & Asset Management had contributed $27 million in loan financing.
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It has raised more than $583 million in equity. According to the company’s LinkedIn site, its investor lineup consists of Sequoia Capital (formerly Peak XV Partners), Beenext, Amplo, Steadview Capital, Steadfast Capital, Coatue Management, Insight Partners, and Tiger Global.
BharatPe is in competition with apps like Google Pay and Paytm from SoftBank in India’s rapidly expanding online payments space.
About BharatPe
BharatPe, an Indian fintech business, provides digital payment and banking services to small retailers and grocery stores.
