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New Delhi: Fintech giant BharatPe has successfully raised Rs 85 crore (about $10 million) in debt funding. This is the company’s second debt investment this year.
- Trifecta Venture Debt led the round with an investment of Rs 50 crore.
- InnoVen Capital participated with Rs 35 crore.
This fresh capital infusion comes as BharatPe moves closer to profitability. The company aims to use this debt to fuel its growth plans without diluting equity.
BharatPe’s revenue grew 16 % to Rs 1,370 crore in FY24, compared to Rs 1,029 crore in the previous fiscal. Notably, the company managed to reduce its losses by 70 % to Rs 270 crore in FY2014.
By opting for debt financing, BharatPe demonstrates its financial prudence and commitment to sustainable growth. The company has raised over $ 650 million in equity and debt from leading investors including Tiger Global, Dragoneer Investment Group, and Coatue Management.
With this latest funding round, BharatPe is a well-positioned to strengthen its market position and explore new growth opportunities in the fintech sector.
