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BharatPe, a fintech company, has utilized non-convertible debentures to raise Rs 85 crore (approximately $10 million) in debt. In 2024, this marks the second debt infusion into the company that is supported by Peak XV and Coatue.
The BharatPe board has issued 500 Series E1 debentures at Rs 10,00,000 each and 3,500 Series F1 debentures at Rs 1,00,00 each in order to raise Rs 85 crore.
Early this year, BharatPe successfully concluded its $100 million debt round. InnoVen Capital was anticipated to invest $60-70 million in BharatPe, while Credit Saison allocated the remaining capital to the Delhi-based company's NBFC subsidiary, Trillion Loans.
Read also - Vayana Network Secures $20 Mn in Series D Funding Round
In August 2021, BharatPe conducted its most recent equity round and also entered the unicorn club. Tiger Global, Dragoneer Investment Group, Steadfast Capital, Coatue Management, Ribbit Capital, and other entities have contributed more than $650 million in equity and debt.
About BharatPe
Founded in 2018 by Ashneer Grover and Shashvat Nakrani, 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 terminal – BharatSwipe.
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