M&A
BharatPe ups stake in NBFC Trillion Loans to 60% with $9-M investment
Delhi-based payments platform for merchants BharatPe has increased its stake in non-banking financial (NBFC) arm TrillionLoans to 60% with an investment of USD 8-9 million. It is also planning to fully acquire Trillion Loans in the next two years.Founded in 2018 by Achal Mittal and Gautam Adukia, Trillion Loans provides tailored credit products including SME loans as well as personal, vehicle and consumer loans.
In Mar 2023, BharatPe had acquired a 51% stake in TrillionLoans at a valuation of about INR 300 crore.
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