M&A
Payments app BharatPe acquires NBFC TrillionLoans for Rs.300-Cr: report
Delhi-based BharatPe has acquired a 51% stake in TrillionLoans Fintech, a Mumbai-based non-banking financial company (NBFC). The deal is valued at about INR 300 crore. TrillionLoans posted a revenue of INR 7 crore during FY22 and INR 74 lakh in profits. TrillionLoans is promoted by Achal Mittal and Gautam Adukia, who have also promoted VC-backed P2P (peer-to-peer) NBFC LiquiLoans. BharatPe, which had failed to get an NBFC license in 2019, has been partnering with LiquiLoans.
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