BharatPe raises Rs.125-Cr from Neo Group, Trifecta
Delhi-based fintech unicorn BharatPe has raised INR 125 Cr (around USD 15 Mn) in a debt funding round co-led by Neo Group and Trifecta Capital, with participation from Alteria Capital. Neo Group’s insurance arm Neo Markets Services and Trifecta Capital invested INR 50 crore each, while Alteria Capital infused INR 25 Cr.Founded in 2018, BharatPe initially provided payment solutions and financial services to offline merchants in India. However, it later diversified into the B2C segment with offerings like co-branded credit cards and UPI-based credit lines.
Between Nov 2018 and Jan 2025, BharatPe had attracted about USD 829 M in a mix of equity and debt from Beenext, Peak XV Partners, Insight Venture Partners, Trifecta Capital, InnoVen Capital, 360One and othersFor FY24, BharatPe had reported about INR 1426 Cr in Operating Income and about INR 492 Cr in Net Loss.
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