Debt

Debt financing

Fintech unicorn BharatPe closes $100-M debt round with Innoven investing $70-M

Business Line  

New Delhi-based fintech unicorn BharatPe has marked the final close of its USD 100 million debt round led by InnoVen Capital (contributing USD 60-70 million).This debt round comes after a gap of more than two years after its last equity round in August 2021 when it raised a USD 370 million Series E round. Till date, BharatPe has raised over USD 650 million in both equity and debt from Tiger Global, Dragoneer Investment Group, Steadfast Capital and others.The company’s Mumbai-based NBFC arm Trillion Loans also raised a separate debt round from Credit Saison. In May 2023, BharatPe acquired a 51% stake in Trillion Loans.BharatPe’s reported a revenue of INR 904 crore in FY23, compared with INR 321 crore in FY22. It claims to have reduced its loss before tax from INR 5,594 crore to INR 886 crore.